South Korea and Uzbekistan Sign MOU to Enhance Public Procurement Cooperation

South Korea's Public Procurement Service (PPS) and Uzbekistan's Ministry of Economy and Finance convened last week in Uzbekistan for a bilateral meeting focused on public procurement cooperation, during which they signed a memorandum of understanding (MOU), the PPS announced on Monday.

The meeting between PPS Administrator Lim Ki-keun and Uzbekistan's Deputy Minister of Economy and Finance Gulnora Rakhimova took place in Tashkent last Friday, the PPS said, The Caspian Post reports citing foreign media.

Under the MOU signed by Lim and Rakhimova, the two organizations will cooperate to share public procurement system information, including electronic procurement, provide information necessary for establishing and improving the electronic procurement system, and stimulate corporate participation in the public procurement market, the PPS said.

Lim's visit to Uzbekistan came after he held bilateral talks with Rakhimova during the International Procurement Workshop jointly organized by the Asian Development Bank and the PPS in Seoul in September last year.

"Following an MOU signed last year with Kyrgyzstan, full-scale exports of the electronic procurement system are under way this year. The MOU with Uzbekistan will help further expand Korea's public procurement cooperation in Central Asia," Lim said.