Cooperation of KazAgro and Korea Institute in agriculture
The Memorandum of understanding was signed today in Astana between “KazAgro” National management holding” JSC and Korea institute of planning and evaluation for technology in food, agriculture and forestry (iPET).
According to the document the parties intend to inform each other about new promising areas of mutual cooperation; implement continuous interaction and coordination of efforts using any available means of communication that may be deemed necessary; periodically analyze the outcomes of cooperation, share information on the achievements of joint activities, make and develop recommendations for improving the cooperation.
On behalf of KazAgro the memorandum is signed by the Chairman of the Executive Board of the Holding Nurlybek Malelov, on behalf of iPET – by its President Kyung Tae Oh.
As the head of iPET noted the Korea institute plans to provide technical support in research and development in agricultural production for KazAgro, as well as share information of agricultural production, distribution and technology trends.
In turn, Nurlybek Malelov noted that the memorandum would become an important mechanism to increase the competitiveness of agriculture in both countries and create a basis for developing close commercial relationships and promoting bilateral investments and technology transfer.
The Korea institute of planning and evaluation for technology in food, agriculture and forestry (iPET) is a quasi-state institute at the Ministry of agriculture, food and rural affairs of the Republic of Korea. The company was established for effective support in planning, management and evaluation of projects in food, agriculture, forestry and fishery.
“KazAgro” National management holding” JSC implements the state policy on development of agribusiness complex of Kazakhstan by means of providing effective management of investment assets of companies included into its structure. The Holding includes “Food contract corporation” National company” JSC, “KazAgroProduct” JSC, “KazAgroFinance” JSC, “Agrarian credit corporation” JSC, “Fund for financial support of agriculture” JSC, “KazAgroGarant” JSC and “Kazagromarketing” JSC.