The Korea Times
Korea and Kazakhstan explored ways to expand their cooperation in energy, supply chains and other areas Monday while discussing a potential comprehensive economic partnership agreement (CEPA) between the two countries, Seoul's ministry said. Industry Minister Kim Jung-kwan discussed the issues with his Kazakhstani counterpart, Yersaiyn Nagaspayev, during the 11th Korea-Kazakhstan joint committee on trade, economy, science and technology cooperation held in Astana, according to the Ministry of Trade, Industry and Resources. During the meeting, the senior policymakers discussed pushing for a bilateral CEPA in a bid to upgrade two-way trade and investment while agreeing to bolster energy cooperation, including crude oil supplies, amid heightened volatility in the global energy market due to the Middle East crisis. They also agreed to expand cooperation to support Korean automotive, electronics and plant companies operating in the Central Asian nation while extending Seoul's support for Kazakhstan's efforts to establish power infrastructure and upgrade aging power plants, the ministry said.
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