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...]
Ulyanovsk business mission to Ashgabat – Outcomes
During a recent business mission to Turkmenistan, companies from Ulyanovsk region (Russia) secured preliminary agreements with Turkmen businesses to supply a variety of products, including sinks, doors, building materials, garden and upholstered furniture, kitchen tables, nanopaints, and tools. Discussions also included the potential supply of roofing materials, heating … [Read more...]
E-Commerce Opportunities in Central Asia
The 2nd CAREC Digital Trade Forum was held in Astana on 17 April 2024. The theme of the forum was: Advancing Digital Solutions and Deepening Regional Cooperation for Trade. Ms. Saida Nur, the director for business development, Mastercard, gave a useful and informative presentation at the forum. We are presenting here a reformatted version of her … [Read more...]
The National Leader of the Turkmen people met with the heads of the Japanese company Kawasaki Heavy Industries Ltd.
On Thursday, June 27, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov met with Tatsuya Watanabe, Senior Adviser on strategic issues of the Japanese company Kawasaki Heavy Industries Ltd., and Kenji Sanada, Executive Officer. The meeting highlighted Japan's role as a long-standing strategic partner for … [Read more...]
Turkmenistan and Astrakhan Region Forge Closer Ties in Humanitarian and Economic Spheres
The Consul of Turkmenistan in Astrakhan, Ghadam Ilamanov, met with Vladimir Golovkov, Minister of External Relations of the Astrakhan Region (Russia), to discuss expanding cooperation in humanitarian and economic spheres. The meeting focused on preparations for the upcoming visit of Khojamyrat Ashyrmyradov, governor of the Balkan province, to the Astrakhan … [Read more...]
Ready4Trade and Central Asia Invest Projects Conclude, Paving the Way for Increased Trade and Investment in Central Asia
On June 26, 2024, Almaty hosted the final meeting for the EU-funded Ready4Trade (ITC) and OECD-led Central Asia Invest projects, marking the culmination of years-long efforts to streamline trade procedures, boost investment, and solidify economic cooperation within Central Asia. The event brought together deputy heads from government agencies across Kazakhstan, Kyrgyzstan, … [Read more...]
Turkmenistan Ready to Boost Trade and Transit with Afghanistan
On 25 June, the Consul General of Turkmenistan in Herat Batyr Yolov met with Governor Noor Ahmad Islamjar. During the meeting, Nur Ahmad Islamjar noted that the Afghan side is interested in intensifying cargo transportation along the Afghanistan-Turkmenistan-Kazakhstan-China route, and establishing exports of Afghan fruits and vegetables and dry fruits to Turkmenistan. In … [Read more...]
President of Turkmenistan has been invited to pay an official visit to Pakistan
On Tuesday, 25 June 2024, President of Turkmenistan Serdar Berdimuhamedov received Federal Minister for Industries and Production of Pakistan Rana Tanveer Hussain. The Minister conveyed greetings from President Asif Ali Zardari and Prime Minister Mian Muhammad Shahbaz Sharif to the Head of state, confirming Pakistan's commitment to friendly relations with Turkmenistan. … [Read more...]
Turkmen-UAE Business Forum held in Ashgabat
On 25 June 2024, the Turkmenistan-United Arab Emirates Business Forum was held in Ashgabat at the Chamber of Commerce and Industry, which brought together representatives of government and business circles of the two countries. The event was attended by companies specializing in the fields of energy, digital technologies, trade, agriculture, food industry, construction and … [Read more...]
President of Turkmenistan and UAE Minister of Economy discussed cooperation in Fuel and renewable energy sectors, transport
On Tuesday, 25 June 2024, President Serdar Berdimuhamedov received the Minister of Economy of the United Arab Emirates Abdulla bin Touq Al-Marri, who led his country's delegation to participate in the Turkmenistan-UAE business forum. The Minister conveyed greetings to the head of Turkmenistan from the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al … [Read more...]
National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan met with the UAE Minister of Economy
The national leader of Turkmen people Gurbanguly Berdimuhamedov met with the United Arab Emirates' Minister of Economy Abdullah bin Touq Al-Marri to discuss expanding economic partnership between two nations. Minister Al-Marri conveyed greetings from UAE President Sheikh Mohammed bin Zayed Al Nahyan, highlighting the UAE's desire for stronger ties with neutral … [Read more...]
Turkmenistan, UAE Discuss Deepening Economic Ties
On June 25, 2024, Turkmenistan's Foreign Minister Rashid Meredov held a meeting with Abdulla bin Touq Al-Marri, the United Arab Emirates' Minister of Economy. The discussions focused on strengthening existing relations between the two nations. Specific proposals were put forward to increase trade turnover, diversify economic partnerships, and achieve mutually beneficial … [Read more...]
Sharing Economy and Central Asia – Part Two
nCa Report CORDIS (Community Research and Development Information Service) is the European Commission's primary public repository and portal to disseminate information on all European Union funded research projects and their results in the broadest sense. Cordis-EC Here is the take of CORDIS on sharing economy: Understanding the role of governance in the sharing … [Read more...]
Sharing Economy and Central Asia – Part One
nCa Report Until recently, Sharing Economy was a rather fluffy concept. Even now, it is not fully structuralized but the experts recognize it as a fast growing sector of the global economy. According to Nitya Shukla, writing for Business Guides, Sharing Economy (also called Collaborative Economy or Peer Economy) refers to economic activities which include owners renting out … [Read more...]
Integration in world economy could boost Central Asia’s trade
Countries in Central Asia can foster closer regional ties and increase trade amongst one another if they are all members of the World Trade Organization (WTO). This emerged at the second Central Asia Trade Policy Forum, held from 3-5 June 2024 in Almaty, Kazakhstan. It brought together senior representatives of the five Central Asian countries and Azerbaijan to discuss the … [Read more...]
Turkmenistan and Poland eye establishing a Working group on economic cooperation
On 17 June 2024, political consultations between the Ministries of Foreign Affairs of Turkmenistan and Poland was held in Warsaw. The Turkmen side was headed by Deputy Minister of Foreign Affairs of Turkmenistan Akhmet Gurbanov, the Polish side - by Deputy Minister of Foreign Affairs of the Republic of Poland Marek Pravda, the Ministry of Foreign Affairs of Turkmenistan … [Read more...]
Turkmenistan’s new steps to protect intellectual property: expanding cooperation with the Eurasian Patent Office
During the Cabinet of ministers’ meeting on Friday (14 June) DPM, foreign minister Rashid Meredov presented plans for the development of cooperation between Turkmenistan and the Eurasian Patent Office (EAPO). Modernizing the national economy through technology and innovation is a top priority for Turkmenistan. Collaboration with specialized international and regional … [Read more...]
Agricultural Forum of Turkmenistan held on the sidelines of Green Tech Amsterdam 2024 in the Netherlands
A dedicated session at the prestigious Green Tech Amsterdam 2024 exhibition explored exciting economic opportunities for Dutch companies in Turkmenistan's agricultural sector. The event brought together key stakeholders, including representatives from Dutch and Turkmen business circles, the Turkmen Ministry of Agriculture, the Embassy of Turkmenistan, and leading European … [Read more...]
Uzbekistan, Korea Forge $9.6 Billion worth package of investment deals, Launch a new model of high-tech and innovative cooperation
Following a summit in Tashkent on June 14, 2024, President Yoon Suk Yeol of Korea and President Shavkat Mirziyoyev of Uzbekistan signed a series of agreements ushering in a "New Era of High-Tech and Innovative Cooperation" between the two nations. These agreements span vital sectors including critical minerals, rail transportation, agriculture, finance, and … [Read more...]
Kazakhstan Sees $120 Million Export Potential to Turkmenistan
During the meeting in Astana on 13 June 2024, Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev and Minister of Trade and Foreign Economic Relations of Turkmenistan Begench Gochmollayev exchanged views on a wide range of issues related to the development of trade and economic relations between the two countries. According to Kazakhstan's Ministry of Trade and … [Read more...]
President Yoon Suk Yeol’s visit to Astana – South Korea and Kazakhstan signed dozens of agreements, MoUs and commercial deals worth over $430 million
South Korea and Kazakhstan signed more than 30 agreements on the sidelines of President Yoon Sok Yeol's state visit to Astana. Following the summit talks with President of Kazakhstan Kassym-Jomart Tokayev, 11 documents on cooperation were signed, including: 1. Agreement on cooperation in the field of energy industry development; 2. Agreement on cooperation in the oil … [Read more...]
Turkmenistan, S. Korea Eye Deeper Economic Partnership – S. Korean Firms Secured $5 Billion in Turkmenistan Projects over last decade
President of Korea Yoon Suk Yeol said that South Korea's industrial know-how and technology, if combined with Turkmenistan's abundant resources, can create economic synergy between the two countries particularly in sectors such as energy and resource development. The remarks were made at the joint Turkmen-Korean business forum in Ashgabat, which brought together 250 … [Read more...]
Speech by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov at the Turkmen-Korean Business Forum
Dear President of the Republic of Korea, Mr. Yoon Suk Yeol! Dear guests! Dear Forum members! Today we are hosting the Turkmen-Korean Business Forum, and I take this opportunity to express my gratitude to the President of the Republic of Korea, Mr. Yoon Suk Yeol, for participating in it and for paying special attention to building up the bilateral dialogue. It should be … [Read more...]
Turkmen-Korean business Forum held in Ashgabat
On 11 June 2024, a Turkmen-Korean business Forum was held in Ashgabat with the participation of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov and President of the Republic of Korea Yoon Suk Yeol. More than 200 representatives of the public and private sectors took part in the forum. The participants included … [Read more...]
Turkmenistan and Korea held summit talks in Ashgabat – a package of documents in the field of energy and investment cooperation signed
nCa Report On 10 June, 2024, summit talks were held in Ashgabat between President of Turkmenistan Serdar Berdimuhamedov and President of Korea Yoon Suk Yeol. During the talks, the heads of state discussed a wide range of issues of interstate cooperation, specifying its priorities taking into account the present realities and with a view to a long-term … [Read more...]
12th meeting of the Joint Turkmen-Austrian Commission convened in Vienna
Vienna hosted the 12th meeting of the Joint Turkmen-Austrian Commission on 5 June 2024. Mergen Gurdov, Chairman of Turkmenistan's Chamber of Commerce and Industry, led the Turkmen delegation. Over 70 representatives from both countries' governments and businesses participated. The meeting focused on expanding cooperation across various sectors, including: innovative … [Read more...]
Turkmenistan and Japan prepare for meeting of joint committees on economic cooperation
Foreign Minister of Turkmenistan Rashid Meredov, who also heads the Turkmen-Japanese Committee for Economic Cooperation, held a videoconference with Hiroyuki Tsubai, Chairman of the Japanese-Turkmen Committee, on 6 June 2024, according to the Turkmen Foreign Ministry. During the meeting, the sides discussed issues of further development of bilateral relations, where they … [Read more...]
Turkmenistan and Korea held an online meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation
On June 3, 2024, Turkmenistan and Korea convened the 9th meeting of their Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation via videoconference. Rakhimberdy Djepbarov, Chairman of the Turkmen State Bank for Foreign Economic Affairs, led the Turkmen delegation. The Korean side was represented by Minister of Trade, Industry and Energy … [Read more...]
Turkmenistan: New Opportunities For the Italian Textile Machinery Industry
From June 24 to 28, a delegation of Italian textile machinery manufacturers will be engaged in Turkmenistan for an institutional mission organized by ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency. The delegation will have some institutional and commercial meetings scheduled in Ashgabat. For the Italian textile machinery … [Read more...]
Iranian Business Delegation Explores Opportunities in Ashgabat
A 50-member Iranian business delegation, led by Ramezan Bahrami, Chairman of the Joint Turkmen-Iranian Chamber, visited Ashgabat to explore economic opportunities in Turkmenistan. According to the Iranian Embassy in Turkmenistan, the delegation held meetings with government officials, private sector representatives, and entrepreneurs. On the first day, the delegation, … [Read more...]
Putin’s visit to Tashkent – Uzbekistan and Russia to implement new cooperation projects worth $20 billion
On 27 May 2024 in Tashkent, President of Uzbekistan Shavkat Mirziyoyev and President of Russia Vladimir Putin chaired the first meeting of the Council of Regions of Uzbekistan and Russia. The forum became part of Putin's three-day state visit to Uzbekistan. "Currently, over 200 joint projects worth $4 billion are being implemented at the regional level. A new package of … [Read more...]
Kazakhstan and Turkmenistan Look to the Future: Digital Cooperation Takes Center Stage
Deputy Prime Minister, Minister of Foreign Affairs of Turkmenistan Rashid Meredov met with Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan Zhaslan Madiyev during an official visit to Astana. During the meeting, prospects for strengthening bilateral cooperation and exchanging experience in strategically important areas were … [Read more...]
“Black Sea – Caspian Sea”: unlimited opportunities for friendship and partnership
Konstantin Sabiashvili, Ambassador Extraordinary and Plenipotentiary of Georgia to Turkmenistan This year, on May 26, Georgia celebrates the 33rd anniversary of the restoration of state independence. For centuries, the Georgian people have tirelessly fought for independence and the right to determine their own destiny. As you know, Georgian statehood dates back more than three … [Read more...]
Growing partnership between Kazakhstan and Singapore may become a bridge between Southeast Asia and Central Asia
On 23-24 May 2024, President of Kazakhstan Kassym-Jomart Tokayev paid his first state visit to Singapore, a country that is a strategic partner of Kazakhstan in Southeast Asia. This was the first visit in more than 20 years, but not the first visit for Tokayev personally. He previously served as a young diplomat in Singapore during the 1970s. President Tokayev's visit … [Read more...]
President of Turkmenistan met with the Prime Minister of Kazakhstan
President Serdar Berdimuhamedov of Turkmenistan met with Prime Minister Olzhas Bektenov of Kazakhstan on 24 May 2024. Prime Minister Bektenov was in Turkmenistan for the regular meeting of the Council of Heads of Government of the Commonwealth of Independent States (CIS). The discussion encompassed a broad range of topics of the bilateral relationship. The sides highlighted … [Read more...]
UNDP strengthens national trade capacity of Turkmenistan through digitalization in trade
The United Nations Development Programme (UNDP) and the Ministry of Trade and Foreign Economic Relations of Turkmenistan organized a two-day training titled "Developing Trade in a Competitive Environment and the Role of Digitalization as a Tool for Simplifying Trade Formalities”. The training was held as part of the ongoing joint project on “Strengthening the Trade Capacity of … [Read more...]
Trade and economic cooperation, humanitarian and regional ties under the spotlight at the meeting of Turkmenistan President and Russian Prime Minister
On Friday, 24 May 2024, President of Turkmenistan Serdar Berdimuhamedov received Chairman of the Government of the Russian Federation Mikhail Mishustin. During the meeting, the parties discussed prospects for the development of a wide range of cooperation, including in the economic and humanitarian spheres. "The growth of our trade and economic cooperation continues … [Read more...]