Prospects for cooperation in the pharmaceutical and cosmeceuticals sectors discussed at the Uzbekistan–Korea Business Forum

A delegation led by Abdulla Azizov, Director of the Agency for the Development of the Pharmaceutical and Medical Industry, participated in the Uzbekistan–Korea Business Forum.

The forum, attended by representatives of the Government of the Republic of Korea, heads of major companies, and business circles, addressed further expansion of trade, economic, and investment cooperation between the two countries, the implementation of joint projects, and the promotion of new investment initiatives.

As part of the event, separate negotiations were held with the management of MIBA, a company operating in the pharmaceutical and cosmetics sectors. The meeting presented the opportunities created in Uzbekistan for the development of the pharmaceutical and cosmeceuticals industries, investment incentives, and the potential of the BioPharma City cluster.

The parties exchanged views on opportunities to launch joint manufacturing projects in Uzbekistan, attract investment, and introduce modern technologies.

At the conclusion of the meeting, the management of MIBA was invited to Uzbekistan to discuss specific areas of cooperation.