Syria, Democratic Korea conclude activities of the joint committee, sign protocol for economic, technical, trade and scientific cooperation

DAMASCUS, (ST)- The 11th session of the  Syrian-Korean  Joint Economic Committee  concluded  its activities Wednesday evening at the Dama Rose Hotel in Damascus signing a protocol for economic, scientific, technical and trade cooperation.

The protocol was signed on the Syrian side by the Finance Minister  Mamoun Hamdan and by Minister of External Economic Relations of the Democratic People’s Republic of Korea (DPRK) Kim Yong-Jae for the Democratic Korean side.

 The two sides also signed an agreement of cooperation on labor and employment and social care and a memorandum of understanding for cooperation in the field of fish wealth in addition to an executive program on higher education for the years 2020, 2021, and 2022.

 The protocol included an agreement to press ahead  with the implementation of the agreements previously signed. It provides for cooperation in the   economic, commercial, financial, banking, customs and industrial fields as well as in the fields of specifications and standards, quality systems, agriculture, transport, electricity, public works, housing, tourism, sports, water resources and health.

The protocol also provided for benefiting from the experience of Korean companies in the process of reconstruction Syria is witnessing .

The two sides agreed, according to the protocol, to hold the 12th session of the Syrian-Korean Joint Economic Committee in Pyongyang  next year.

They also stressed the importance of following-up the results of the 11th session of Syrian-Korean  joint  economic committee  and finding a continuous mechanism for the exchange of information and viewpoints  through activating the role of the Syrian and Korean  embassies to serve the common interests of the two countries .

Head of the committee for the Syrian side, Minister of Finance Mamoun Hamdan, stressed  that the joint technical committee worked extensively during the past days to discuss various aspects of cooperation, underscoring  the importance of developing bilateral relations to achieve the common interest of the two friendly countries and peoples.

On  his part, head of the joint committee for the Korean side,  Minister Yong-Jae, pointed out that his country will pay great attention to the protocol signed between the two sides and will spare no effort to implement the joint agreements with the aim of developing  bilateral relations to boost them up to the level of distinguished political relations.

He indicated that his country's delegation highly appreciated the relentless efforts exerted by the Syrian people to overcome the economic sanctions and blockade imposed on them by the United States of America and its allies.

 Yong-Jae underscored  that like the Syrian people, the Korean people are struggling in the face of the US sanctions and the practices of the United States and its allies and they are working with determination to achieve economic development.

The 11th session of the Syrian-Korean joint economic committee started its activities last Saturday in Damascus with the purpose of developing economic cooperation relations between the two countries.

Rawaa Ghanam