Home | News    Friday 13 April 2018

Sudan, South Korea discuss ways to deepen economic relations

separation
increase
decrease
separation
separation

S. Korea Deputy Foreign Minister for Economic Affairs Yun Kang-hyeon (L) and Sudan's Undersecretary Abdel-Ghani al-Na'im shake hands in Seoul on April 12, 2018 (Photo Yonhap)
April 12, 2018 (KHARTOUM) - Sudan and South Korea discussed ways to boost bilateral economic relations between the two countries in a meeting held in Seoul on Thursday.

The South Korean delegation was headed by Deputy Foreign Minister for Economic Affairs Yun Kang-hyeon and the visiting Sudanese delegation was chaired by Foreign Ministry Under-Secretary Abdel-Ghani Al-Nai’m.

In Khartoum, the foreign ministry said the two parties agreed to hold two economic forums the first in Korea and the second in Khartoum in the third trimester of 2018 to present the huge economic potential in the two countries and create a suitable atmosphere for investment to attract Korean companies to invest in Sudan.

For its part, the South Korean news agency Yonhap reported that Yun called on the Sudanese side to improve the investment environment so that more Korean companies can actively invest.

"He also stressed the need for the speedy ratification of a Korea-Sudan double tax avoidance agreement and the signing of an investment protection agreement," said Yonhap.

South Korea has a significant economic presence in the east African country that started in the seventies with Daewoo group. Also, Hyundai Motor Company is assembling more than 7000-10000 cars annually in cooperation with JIAD Company.

Recently LG Electronics Company moved its regional office from Nairobi to Khartoum which reflects the volume of its products distributed in Sudan besides Samsung and other Korean companies working in Sudan.

However, there is no viable statistics for the trade volume between the two countries.

Al-Naim called on the South Korean government to support Korean investors and companies willing to work to Sudan.

He further expressed hope that the U.S. administration removes Sudan from the list of countries supporting terror groups and clear remaining obstacles hampering foreign business and investments in Sudan.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Sudan’s removal from terror list taints U.S. values 2018-11-10 08:34:32 November, 9th, 2018 The Honorable Michael Richard Pompeo Secretary of State U.S. Department of State 2201 C St NW, Washington DC 20520 USA RESPONSE BY SUDAN LIBERATION MOVEMENT (SLM/A-AW) TO (...)

R-ARCISS: A Peace that divides the signatories and non-signatories 2018-11-10 07:58:28 By Tito Awen, Juba-South Sudan I keep wondering if peace can divide or unite the partners. I am not so young nor unmindful not to have known what happened after signing of the Comprehensive (...)

U.S. Move Ignores Sudan’s Abuses Against its Own People 2018-11-09 06:56:11 U.S. Considers Lifting Sudan’s ‘Terror State’ Designation By Jehanne Henry With all eyes on mid-term elections in the United States, almost no one noticed that on the same day the US State (...)


MORE






Latest Press Releases


Progress observed at end of second month of R-ARCSS implementation 2018-10-22 06:44:02 Press Release 21 October 2018 South Sudanese government released 24 detainees in the implementation of the revitalized peace agreement said the International Committee of the Red Cross (ICRC) (...)

4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018 2018-10-15 12:38:14 PRESS RELEASE OCTOBER 14, 2018 Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its (...)

Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.