From November 26 to 27, 2024, the annual Central Asian Dairy Congress - AqAltyn will take place in Turkestan. This significant event will bring together leading specialists and experts from the dairy industry across Central Asia and beyond. One of the key speakers at the congress will be Dou Ming, Chief Analyst at the leading consulting firm Beijing Orient Agribusiness … [Read more...]
As to why cotton is indispensable crop for Central Asia
nCa Report The cotton crop is among the things that attract criticism toward Central Asia. Despite that, the region would grow more rather than less cotton. Why? Here is why? The cotton crop is labour-intensive i.e. you need more people for the entire crop cycle, particularly at the harvest stage. This provides for employing more people in the upstream cotton sector. … [Read more...]
Turkmenistan and Iran are preparing to establish joint trade zone
Turkmenistan and Iran are preparing to establish a joint trade zone. It will be located Incheh Borun n the Golistan province of Iran. It is a small town with population of about 2000. Nevertheless, it is strategically important as the Kazakhstan-Turkmenistan-Iran railway line enters Iran at this point. An area of 12577 hectares (about 125 square km). It is 40km from the … [Read more...]
Kazakhstan and Türkiye sign documents worth more than USD 2 billion during visit of agriculture minister of Kazakhstan to Türkiye
The Minister of Agriculture Kazakhstan, Aidarbek Saparov, visited Türkiye recently. His visit led to the signing of bilateral documents worth more than USD 2 billion. During the meeting at the Chamber of Commerce and Industry in Ankara, the parties signed documents worth $2 billion and trade contracts for the supply of meat worth $80 million. The documents are aimed at … [Read more...]
The visit of Uzbek PM to Afghanistan – The Event and the Phenomenon
Tariq Saeedi Prime Minister Abdulla Aripov of Uzbekistan visited Afghanistan, 17-18 August 2024. It is the highest-level visit of a foreign head of government to Afghanistan since the Taliban came to power in 2021. It is significant as both an event and a phenomenon. The Event The visit was successful by all means. The outcomes are impressive. According to the Uzbek … [Read more...]
Macroeconomic Review of EDB upbeat on growth in member countries
The Eurasian Development Bank (EDB) has issued its periodical macroeconomic review of its member countries. On the whole, it reflect a positive picture of the growth pattern in its region of operations. The report says: Analysts of the Eurasian Development Bank (EDB) have released the latest Macroeconomic Review for the Bank's six member states. EDB's analysts note … [Read more...]
Kazakhstan and Uzbekistan plan to DOUBLE their GDP by 2030
nCa Report In plans that may sound rather ambitious but are actually quite realistic, Kazakhstan and Uzbekistan are striving to double their GDP by 2030. Uzbekistan The GDP in Uzbekistan has recently crossed the USD 100 billion mark and its doubling by 2030 should see it rising to around USD 200 billion. For Uzbekistan, it would be particularly remarkable as the country … [Read more...]
Postal services of Kyrgyzstan and Türkiye join hands to promote e-commerce
The Kyrgyz Post and Turkish Post have signed an agreement to create new products in the field of e-commerce, logistics and cargo handling, as well as to develop trade exchanges between the two countries. As reported by Akchabar, this is the first step in a strategic partnership between the two companies. The document was signed during the international forum E- com KG 2024 … [Read more...]
Rise of E-commerce in Central Asia creates more space for China
E-commerce is rising fast in Central Asia and this has created additional space for China. According to the People’s Daily of China, approximately nine million parcels are exchanged between China and countries around the world daily, making it easier and faster for consumers to "buy globally." Over the past five years, the scale of China's cross-border e-commerce trade … [Read more...]
GIFT IFSC: Emerging as a preferred new age global financial centre
Dr Dipesh Shah The Governmnent of India implemented a major financial sector reform by establishing the country’s maiden International Financial Services Centre (IFSC) in GIFT City, Gujarat. The IFSC has been developed as a unique international financial jurisdiction within onshore India, which has been designated as a non-resident zone under the Foreign Exchange Management … [Read more...]
Evolution of Indian Economy: 7 Major Highlights (1947-2024)
The Indian economy, one of the fastest-growing in the world, has undergone significant evolution since independence. The journey of the Indian economy from tatters to an economic powerhouse has not been easy. Year on year, citizens' and government's Relentless and consistent efforts have built today's India. As Dr. Manmohan Singh said, “The brightest jewel of the British crown” … [Read more...]
Central Asia-Japan Joint business forum held in Astana – Turkmenistan and Japan inked a package of deals
On 9 August 2024, a business forum of the Central Asia + Japan Dialogue was held in Astana. The event was organized by the Ministry of Economy, Trade and Industry of Japan, the Japanese Association for Trade with Russia and NIS (ROTOBO), the Ministry of Foreign Affairs of the Republic of Kazakhstan, Kazakh Invest, the National Chamber of Entrepreneurs of the Republic of … [Read more...]
The Minister of Foreign Affairs of Turkmenistan and the Deputy Prime Minister of Afghanistan held an online meeting
Deputy Prime Minister of Afghanistan Abdul Ghani Baradar held a videoconference meeting with the Minister of Foreign Affairs of Turkmenistan Rashid Meredov, the Embassy of Afghanistan in Turkmenistan reports on its social networks. During the meeting, the parties discussed bilateral political, economic and trade relations, as well as ways to implement the TAPI project in … [Read more...]
Speech by President of Turkmenistan Serdar Berdimuhamedov at the sixth Consultative Meeting of the Heads of Central Asian States
Dear Heads of State, Dear members of the delegations! First of all, I would like to express my gratitude to the President of the Republic of Kazakhstan, dear Kassym-Jomart Kemelevich Tokayev, for the hospitality and excellent organization of the meeting. Our annual meetings have already become a tradition and, as practice shows, they are always relevant. During these … [Read more...]
Kazakhstan and Turkmenistan strengthen economic cooperation: Kazakh-Turkmen Trade Grew by Nearly a Third
On 9 August 2024, First Deputy Prime Minister of the Republic of Kazakhstan Roman Sklyar met with Deputy Chairmen of the Cabinet of Ministers of Turkmenistan Batyr Atdaev and Baymyrat Annamammedov in Astana. During the meeting, the sides exchanged views on the economic situation in Kazakhstan and Turkmenistan, discussed the current status and prospects for the development of … [Read more...]
Uzbekistan and Kazakhstan held summit talks in Astana – A Program of strategic partnership and alliance for the next 10 years adopted
On 8 August 2024, high-level talks were held in Astana between President Kassym-Jomart Tokayev of Kazakhstan and President Shavkat Mirziyoyev of Uzbekistan. As a result of the talks, a Program of strategic partnership and alliance for the next 10 years was adopted, the key objectives of which are to further strengthen friendly ties and encouraging the expansion of bilateral … [Read more...]
TIF 2024: New Horizons of Cooperation
Ashgabat, September 19-20, 2024, will host the grand Turkmenistan Investment Forum 2024 (TIF 2024). Organized by the Ministry of Finance and Economy and the Ministry of Foreign Affairs of Turkmenistan, the forum aims to draw the attention of the international investment community to the country's rapidly developing economy. Over 100 delegates from 20 countries have already … [Read more...]
Community of action and mutual support are the dictates of the times
Irina Imamkulieva During a telephone conversation on August 5, President of Kazakhstan Kassym-Jomart Tokayev invited President of Turkmenistan Serdar Berdimuhamedov to take part in the sixth Consultative Meeting of the Heads of State of Central Asia, as well as the first Summit of the “Central Asia + Japan” Dialogue, which will be held in Astana. Having respectfully accepted … [Read more...]
ADB Unveils New Country Partnership Strategy to Boost Turkmenistan’s Green and Competitive Economy
The Asian Development Bank (ADB) has published a new Country Partnership Strategy (CPS) for Turkmenistan, outlining its commitment to support the country's transformation into a sustainable, climate-resilient, and competitive economy from 2024 to 2028. The CPS is built upon three pillars: supporting the green transformation to a sustainable and climate-resilient … [Read more...]
The development of the trade sector is a factor in strengthening the national economy
TDH Commentary Turkmenistan's trade policy is one of the key factors of the country's economic development and its foreign policy relations. The growth of trade turnover in the domestic market is evidence of the successful implementation of the tasks set for the sphere of trade, as well as improving the welfare and social standard of living of the people. At an expanded … [Read more...]
Fitch Upgrades Turkmenistan to ‘BB-‘; Outlook Stable
Fitch Ratings has upgraded Turkmenistan's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable. Here is a summary of the commentary by Fitch ratings: Key Rating Drivers The upgrade reflects the following key rating drivers and their relative weights: HIGH Strengthened Sovereign Balance Sheet: There has been a … [Read more...]
The delegation of Turkmenistan visited the Republic of the Philippines
On 2 August 2024, as part of the visit of the delegation of Turkmenistan to the Republic of the Philippines, political consultations between the foreign ministries of Turkmenistan and the Republic of the Philippines took place in Manila. The Turkmen delegation was led by Deputy Minister of Foreign Affairs Ahmet Gurbanov, while the Philippine side was headed by Maria Teresa … [Read more...]
Prime Minister of Kyrgyzstan: With the development of e-commerce, the postman is again becoming a ‘hero of our time’
With the development of e-commerce, the process of reviving the postal service is taking place, and the postman is again becoming the hero of our time. This was stated by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic - Head of the Administration of the President of the Kyrgyz Republic Akylbek Japarov in a video conference during the opening of the second … [Read more...]
Enhancing e-commerce regulations in Turkmenistan
E-commerce lets small businesses in Turkmenistan tap into new international markets. With the right policies, they can achieve even more. Several national documents prioritize digital transformation, including the State Program for the Development of the Digital Economy in Turkmenistan for 2021–2025. To further that goal, the International Trade Centre (ITC) launched … [Read more...]
Caspian Sea is a region of great opportunities and true neighborliness
Allaberdy Niyazov, Senior Researcher at the Scientific Center for Strategic Studies at the Institute of International Relations of the Ministry of Foreign Affairs of Turkmenistan Almost six years ago, the heads of the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Turkmenistan and Russia) signed the Convention on the Legal Status of the Caspian Sea in Aktau, … [Read more...]
Belarus and Turkmenistan are preparing for the meeting of the intergovernmental commission
Turkmenistan and Belarus are gearing up for the next meeting of their Intergovernmental Commission on Economic Cooperation. During a meeting on 30 July, Mammetkhan Chakiyev, Co-chair of the Commission and Director General of Turkmenistan's Agency for Transport and Communications, discussed bilateral trade and economic relations with Belarusian Ambassador Vyacheslav … [Read more...]
Central Asia has the potential to become an important transregional transport, logistics, production and technological hub of the world economy – Institute for Strategic and Interregional Studies under the President of Uzbekistan
Akramjon Nematov, the First Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISMI), expressed this opinion during the Forum of Analytical Centers of Central Asian Countries and the Republic of Korea in Tashkent. According to him, the states of Central Asia and the Republic of Korea have real prospects of … [Read more...]
First forum of analytical centers of Central Asia and the Republic of Korea takes in Tashkent
On 30 July, the International Institute for Central Asia (MICA) in Tashkent hosted the first expert Forum on the theme "Era of Change: Vision for Future Cooperation between Central Asia and the Republic of Korea." The event was co-organized by the MICA and the Secretariat of the Korea-Central Asia Cooperation Forum. Around 100 representatives from ministries, diplomatic … [Read more...]
Turkmenistan – Tajikistan: Strategic partnership of fraternal peoples
Irina Imamkulieva Turkmenistan and Tajikistan, based on their strategic objectives and program documents, jointly maintain positive dynamics of interaction in all priority areas of cooperation. Based on the principles of equality, mutual support and trust, Turkmen-Tajik relations demonstrate an exemplary model of strategic partnership. The stages of a long journey Two … [Read more...]
Single Window Boosts Turkmenistan’s Trade with Neighbors
Turkmenistan's trade turnover with neighboring countries has surged following the implementation of a Single Window system for export-import operations, according to the State Customs Service. In the first half of 2024, trade with Iran grew by 35%, Afghanistan increased by 27%, and Uzbekistan posted a 19% growth compared to the same period in 2023. Marine cargo … [Read more...]
Outcomes of the visit of the Turkmen delegation to Pakistan – Turkmenistan outlines proposals for fostering relations with Pakistan
During the government meeting on Friday (26 July), Deputy Prime Minister and Foreign Minister R. Meredov reported on the results of his working visit to Pakistan. It was reported that the delegation of Turkmenistan was received by President of Pakistan Asif Ali Zardari. During the meeting, issues of developing interstate cooperation in the political, diplomatic, trade, … [Read more...]
Turkmenistan and Türkiye plan high and highest level visits this year
On July 26, 2024, the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Türkiye Mekan Ishangulyev met with the Deputy Minister of Foreign Affairs of the Republic of Turkey Ayşe Berris Ekinci. During the meeting, the parties discussed the current state and prospects for the development of bilateral political, trade, economic, cultural and humanitarian … [Read more...]
Turkmenistan and Kyrgyzstan Discuss New Investment Fund, Transport Links, and Textile Collaboration
On 26 July 2024, the VI meeting of the intergovernmental Kyrgyz-Turkmen commission on trade, economic, scientific, technical and humanitarian cooperation between the Kyrgyz Republic and Turkmenistan in a narrow and expanded format was in Cholpon-Ata, Kyrgyz Republic. During the meeting in a narrow format, negotiations were held between Deputy Chairman of the Cabinet of … [Read more...]
The President of Turkmenistan received the newly appointed Ambassador of Germany
On Wednesday, 24 July 2024, President Serdar Berdimuhamedov received the newly appointed Ambassador of Germany to Turkmenistan, Bernd Heinze. The diplomat presented credentials to the head of state and conveyed greetings from President Frank-Walter Steinmeier and Chancellor Olaf Scholz. President Serdar Berdimuhamedov conveyed his wishes to the German leadership and … [Read more...]
Registration for the Turkmenistan Investment Forum is now open
The registration for the Turkmenistan Investment Forum, which will take place on September 19-20, 2024, in Ashgabat, on the eve of the 33rd Anniversary of Turkmenistan’s Independence, is now open. https://tif-turkmenistan.com/en/registration The Forum is organized by the Ministry of Finance and Economy and the Ministry of Foreign Affairs of Turkmenistan. TIF 2024 is … [Read more...]
Visit of the Minister of Foreign Affairs of Turkmenistan to Pakistan
Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rashid Meredov is on a visit to Pakistan. On 23 July 2024, he held a number of meetings, including with the President of Pakistan and the Prime Minister. Bilateral political consultations were also held on the same day. As is obvious from the press materials, issues of the upcoming visit of the National … [Read more...]
Chairman of the Chamber of Commerce and Industry of Turkmenistan and the UAE Ambassador discussed the outcomes of the Turkmen-Emirati business forum – the UAE and Turkmenistan seek to expand economic relations
On 19 July 2024, Chairman of the Chamber of Commerce and Industry of Turkmenistan Mergen Gurdov met with the Ambassador of the United Arab Emirates to Turkmenistan Ahmed Al-Hameli. The meeting was dedicated to the outcomes of the Turkmenistan - United Arab Emirates business forum, held on 25 June this year in Ashgabat, the Chamber of Commerce and Industry of Turkmenistan … [Read more...]
H1 2024: the trade turnover between Turkmenistan and Uzbekistan exceeded $ 600 million
In the first half of 2024, the mutual trade turnover between Turkmenistan and Uzbekistan amounted to US $ 614.2 million. Compared to the same period last year, the growth rate amounted to almost US $ 170 million, according to the Statistics Agency under the President of Uzbekistan. As a result, Turkmenistan took the sixth place in the list of Uzbekistan's main foreign trade … [Read more...]
International Investment Forum and Exhibition (TIF 2024) will be held in Ashgabat on September 19 – 20, 2024
International Investment Forum and Exhibition (TIF 2024) will be held in Ashgabat on September 19 – 20, 2024, on the eve of Turkmenistan's 33rd anniversary of Independence. https://tif-turkmenistan.com/ The Forum is organized by the Ministry of Finance & Economy and the Ministry of Foreign Affairs of Turkmenistan. TIF 2024 is intended to become the leading … [Read more...]
Visit of the Deputy Minister of Foreign Affairs of Turkmenistan to Romania
Deputy Minister of Foreign Affairs of Turkmenistan Akhmet Gurbanov visited Romania. On 18-19 July, he held a series of meetings in Bucharest. The main topics of discussion were political, interparliamentary cooperation, issues of interaction in transport projects and education. Political consultations between the Ministries of Foreign Affairs of Turkmenistan and Romania On … [Read more...]
Alongside TAPI gas line route: Crucial regional rail project on the cards
Pakistan and Turkmenistan are likely to announce next week, the construction of a railway line along the route of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project to enhance regional connectivity and provide a reliable transportation link between the two countries, well-informed sources told Business Recorder. This announcement is part of the decisions … [Read more...]
Uzbekistan and Kyrgyzstan Pledge Deeper Ties: Political Dialogue and Industrial Growth Top Agenda of the Summit talks in Tashkent
On 18 July 2024, President Shavkat Mirziyoyev of Uzbekistan and President Sadyr Japarov of Kyrgyzstan held summit talks in Tashkent. The main political document of the visit was the Joint Statement on further deepening and expanding the relations of a comprehensive strategic partnership signed by the heads of state. A key outcome was the establishment of an Interstate … [Read more...]
Deputy Foreign Minister of Turkmenistan visits the Slovak Republic – Slovakia Seeks to Revitalize Political and Economic Dialogue with Turkmenistan
On July 16-17, 2024, a delegation of Turkmenistan headed by Deputy Minister of Foreign Affairs of Turkmenistan Ahmed Gurbanov visited the Slovak Republic for political consultations and bilateral meetings. The main purpose of the visit was to strengthen bilateral relations and develop mutually beneficial cooperation between the two countries. During the visit, A.Gurbanov … [Read more...]
ADB Raises Developing Asia and the Pacific’s Economic Growth Forecast for 2024
The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, as rising regional exports complement resilient domestic demand. The growth outlook for next year is maintained at 4.9%. Inflation is forecast to slow to 2.9% this year amid easing global food prices and … [Read more...]
The 18th meeting of the Joint Uzbek-Turkmen Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation held in Tashkent
On 16 July 2024, the 18th meeting of the Joint Uzbek-Turkmen Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation was held in Tashkent. The event was co-chaired by Deputy Prime Minister of Uzbekistan Jamshid Khodjaev and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Atdaev. It was also attended by the heads of ministries, … [Read more...]
Uzbekistan-Turkmenistan Business Council Convenes and “Made in Turkmenistan” Exhibition opens in Tashkent
On 15 July 2024, Tashkent hosted the fourth meeting of the Turkmenistan-Uzbekistan Business Council, coinciding with the "Made in Turkmenistan" exhibition, according to UzDaily.uz. The council was chaired by Dilshod Rasulov, Deputy Chairman of Uzbekistan's Chamber of Commerce and Industry, and Mergen Gurdov, Chairman of Turkmenistan's Chamber of Commerce and Industry. The … [Read more...]
Eurasian Development Bank, the Islamic Development Bank and the Emirati consulting company join forces to introduce Islamic finance in Central Asia
At the end of June, the Eurasian Development Bank (EDB) concluded two agreements on the development of Islamic finance in Central Asia. This includes: Memorandum of Understanding between the Islamic Development Bank (IsDB) Institute and the EDB on the Development of Islamic Finance in Central Asia Cooperation agreement between EDB and Dar Al Sharia on Islamic … [Read more...]
Turkmenistan and Türkiye Discuss Deepening Economic Ties and European Market Opportunities
Turkmenistan’s Ambassador to Belgium Sapar Palvanov met with Mr. Haluk Nuray, the Permanent Representative of the Economic Development Foundation and the Union of Chambers and Commodity Exchange of Türkiye, Brussels Mission. The meeting was aimed at exploring avenues for strengthened economic cooperation between Turkmenistan and Türkiye, with a particular focus on unlocking … [Read more...]
Xi paid a state visit to Tajikistan – Dushanbe and Beijing are moving towards further deepening comprehensive strategic relations
On 4-6 July 2024, President Xi Jinping of China paid a state visit to Tajikistan. As a result of the summit talks between Tajikistan and China, 29 new documents were signed on cooperation in various fields of trade and economy, including industry, energy, transport, digital economy, innovation and investment, as well as in cultural and humanitarian areas, including a Joint … [Read more...]
Government officials and private sector representatives In Turkmenistan gained a deeper insight into the WTO Trade Facilitation Agreement and the role of National Trade Facilitation Committees
A workshop on the WTO Trade Facilitation Agreement and National Trade Facilitation Committees was held in Ashgabat on July 2-4 for ministries, state agencies and non-commercial associations of Turkmenistan responsible for border regulation and international trade facilitation, as well as private sector representatives. The event was held under "Turkmenistan: Enhancing trade … [Read more...]