Tuesday, November 19, 2013

Park, Kyrgyz president sign agreement on development aid

South Korean President Park Geun-hye and her Kyrgyz counterpart Almazbek Atambayev signed an agreement Tuesday on Seoul's greater development aid to the Central Asian nation.
The signing took place following a summit meeting between the two leaders at the South Korean presidential office Cheong Wa Dae during Atambayev's three-day official visit to the country, Park's office said in a press release. The Kyrgyz president arrived on Monday.
Under the so-called basic agreement on grant-type aid, South Korea will provide various types of assistance to Kyrgyzstan to help reduce poverty and contribute to social and economic development in the Central Asian nation, according to the release. The assistance is also expected to help strengthen the two countries' ties.
The agreement calls on the South Korean government to invite Kyrgyz citizens for free training in the country, to send professionals and volunteer workers to Kyrgyzstan, and to provide free equipment, machines and supplies for its development programs in the Central Asian nation.
In return, Kyrgyzstan will give various privileges to the dispatched South Korean workers and their families, and use the equipment and supplies only for their intended purposes without imposing taxes on them.

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