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South Korea Urges Mozambique to Ease Investment Laws for Better Cooperation

South Korean Ambassador Bok-Won Kang has requested Mozambique’s Assembly of the Republic to draft laws facilitating Korean investments. He emphasized the need for legal frameworks that support South Korean businesses. President Margarida Talapa assured a commitment to reinforcing bilateral relations, highlighting the strong cooperation established since 1993.

In Mozambique, South Korean Ambassador Bok-Won Kang has urged the President of the Assembly of the Republic, Margarida Talapa, to draft legislation that facilitates South Korean investments. During a recent courtesy visit, he emphasized the importance of establishing legal frameworks that support Korean businesses operating in Mozambique. This initiative aims to accelerate investment and strengthen bilateral cooperation in various sectors.

Ambassador Kang specifically requested the Mozambican parliament to approve laws favorable to South Korean enterprises. He asserted that the Assembly should utilize legal mechanisms to address concerns raised by the Korean authorities. The goal is to simplify the investment process for Korean businesspeople wishing to invest in Mozambique.

Talapa responded positively, expressing the Assembly’s readiness to enhance cooperation with South Korea through actionable programs. She highlighted the exceptional relationship between Mozambique and Korea, citing the comprehensive development support provided by the latter since the establishment of diplomatic ties in August 1993. This partnership is characterized by deepening friendship and solidarity between the two nations.

South Korea seeks to strengthen its investment presence in Mozambique by requesting legislative support from the Assembly of the Republic. Ambassador Bok-Won Kang’s call emphasizes the need for favorable laws to facilitate this process, while President Margarida Talapa reaffirmed the commitment to enhancing bilateral relations. The ongoing cooperation reflects a long-standing diplomatic relationship established in 1993, which has yielded significant developmental support for Mozambique.

Original Source: clubofmozambique.com

Lila Khan

Lila Khan is an acclaimed journalist with over a decade of experience covering social issues and international relations. Born and raised in Toronto, Ontario, she has a Master's degree in Global Affairs from the University of Toronto. Lila has worked for prominent publications, and her investigative pieces have earned her multiple awards. Her insightful analysis and compelling storytelling make her a respected voice in contemporary journalism.

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