Azerbaijan and Korea agree to expand economic cooperation

Baku. 14 June. REPORT.AZ/ Korea and Azerbaijan have agreed on Tuesday to expand bilateral economic cooperation in the infrastructure and industrial plant sectors.

Report informs citing the Yonhap, the two sides held the first round of economic talks in Seoul to discuss ways to bolster trade and investment and help more South Korean firms participate in infrastructure projects in the Central Asian country, according to the Ministry of Trade, Industry and Infrastructure.

"We expect that South Korea's advanced industrial plant technology and Azerbaijan's abundant resources will create higher value-added products," said Woo.

The trade ministry said it will send a team to Baku in September to review the details of the plans.