Almaty recently hosted an important event for business cooperation between Kazakhstan and Armenia — 50 Armenian entrepreneurs visited Kazakhstan with a business mission. The event, organized by the Diplomatic Club “Astana” in collaboration with the embassies of both countries, was aimed at strengthening constructive dialogue between the countries, creating additional opportunities for building business ties, […]
International Trade Center Opened at Uzbek-Afghan border – Expected annual trade turnover is USD 1.2 billion
The International Trade Centre was opened on 29 August 2024 at Termez, the border town between Uzbekistan and Afghanistan. It is located on the Uzbek territory. The sprawling complex covers an area of 36 hectares. The project cost was USD 70 million. The centre will play an important role in the development of trade and […]
Turkmenistan-Tatarstan Cooperation Growing Exponentially
nCa Report The cooperation between Turkmenistan and Tatarstan, the largest component republic of the Russian Federation is expanding exponentially. This was evident at the recently-held ninth meeting of the Joint Turkmen-Tatarstan Working Group on Trade, Economic, Scientific, Technical and Cultural Cooperation. Here are the outcomes: [There is some duplication because of material from various sources] […]
Warehouse space deficit in Central Asia estimated at 20 million m²
There is an acute shortage of warehouse space in Central Asia, which leads to a situation of zero vacancy in the market. According to Stanislav Akhmedzyanov, Managing Partner of IBC Global, the deficit of modern warehouse facilities in the region is measured in tens of millions of square meters. “If you need a high-quality modern […]
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 […]
Seminar on classification of goods in accordance with the Harmonized commodity description and coding system implemented in Turkmenistan
In Ashgabat, on August 21-22, the EU-funded Border Management Programme in Central Asia (BOMCA 10) jointly with USAID TCA organised seminar on classification of goods in accordance with the Harmonized Commodity Description and Coding System, developed by WCO. This activity is aimed at providing assistance to the State Customs Service of Turkmenistan in building its […]
Responsible Packaging and Roots of Brand Loyalty
nCa Report Brand loyalty is a flexible concept. — At some level, it is not perhaps even loyalty; it is possibly a force of habit. Nevertheless, there are two main reasons why we go for a particular brand: 1. It is actually good; and/or 2. Our favourite celebrity or influencer recommends it. Let us try […]
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 […]
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 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 […]
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 […]
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 […]
Turkmenistan launches a Single Window system for export and import operations – dedicated website created
Turkmenistan has launched a Single Window system for export and import operations, streamlining the process for businesses. The State Customs Service coordinates this initiative, offering a central web portal called “Single Window for Export-Import Operations”. https://tradebridge.gov.tm/en This user-friendly system allows participants in foreign economic activity to submit information about goods or vehicles crossing the […]
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 cooperation. Particular […]
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, […]
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 […]
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 to be taken at […]
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 […]
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 meeting brought together […]
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, Tajikistan, Turkmenistan, and Uzbekistan. […]
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 turn Yolov […]
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 […]
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 pharmaceuticals. “A […]
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 […]
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 government and […]
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 […]
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. […]
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 Dukgeun Ahn. Discussions […]
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 industry, the Turkmen […]
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, accompanied by Ambassador Ali Mojtaba Rozbahani, met […]
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 […]
Kazakhstan and Turkmenistan FMs held talks in Astana – transport, trade & economic relations under the spotlight
On Monday, 27 May 2024, negotiations were held in Astana between Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu and Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov, MFA Kazakhstan reports. The ministers reviewed a wide range of cooperation areas, including political ties, trade, […]
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 […]
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 […]
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 steadily. In […]
Situation of e-commerce in Central Asia
The Daryo.uz news service of Uzbekistan published on 13 March 2024 a report on the ecommerce situation in Central Asia. Here, we are reproducing the report in full: Central Asian countries consider establishing dedicated bank accounts for e-commerce transactions The e-commerce sector in Central Asia reached a value of $8bn in 2022, as per IMARC Group, a […]
More Diversified Trade Can Make Middle East and Central Asia More Resilient
Jihad Azour Dislocations from the pandemic, geoeconomic fragmentation, and Russia’s war in Ukraine have shifted world trade dynamics. While this has created challenges, the redirection of trade has also generated new opportunities, particularly for the Caucasus and Central Asia. Since the war began, the region’s economies have shown continued resilience and trade activity in many […]
E-Commerce in Turkmenistan turning the corner
The ecosystem of e-commerce in Turkmenistan is turning the corner. Consumer confidence, the central element for success in the digital marketplace, is rising fast. Statista estimates that the volume of ecommerce in Turkmenistan will reach about USD 370 million this year. The projected annual growth is 8.06%, which will bring the trade volume of ecommerce […]
Turkmenistan will buy construction steel and marble from Afghanistan
Turkmenistan will buy sizeable quantities of construction steel bars and marble from Afghanistan, reports the Afghan media. Nooruddin Azizi, acting minister of commerce and industry of Afghanistan, told the local media in Kabul on 7 May 2024 that agreements have also been made for the export of 150,000 tons of steel bars and 100,000 cubic […]
Turkmenistan and Türkiye Move Towards Smoother Trade
On 6 May 2024, representatives from Turkmenistan’s State Customs Service and Türkiye’s Ministry of Customs and Trade met online. The meeting discussed a draft agreement for a Simplified Customs Corridor (CPC) and a protocol establishing a Joint Customs Committee, according to Turkmenistan’s State Customs Service. The CPC would enable Turkmenistan and Türkiye to electronically exchange […]
Turkmenistan and Afghanistan discuss expansion of trade relations
On 4 May 2024, a delegation of the private sector of Turkmenistan led by Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan Nokerguly Atagulyev visited Herat province to discuss issues of expanding trade relations between the two countries, the Embassy of Turkmenistan in Kabul reports. During the visit, the Turkmen delegation met with […]
Turkmenistan and Kazakhstan may expand trade through building materials and industrial products supplies
On 2 May 2024, Turkmenistan Ambassador Batyr Rejepov met with Kanat Sharlapayev, Kazakhstan’s Minister of Industry and Construction. Building upon the success of their strategic partnership, trade volume reached $563 million in 2023, reflecting a significant 22.5% increase compared to the previous year (according to Kazakhstan’s Ministry of Industry and Construction). During the meeting, the […]
International Islamic Trade Finance Corporation (ITFC) launches landmark Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum
The International Islamic Trade Finance Corporation (ITFC), member of Islamic Development Bank Group, is delighted to announce the launch of its newest flagship Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum. The aim of the Program is to facilitate economic growth and regional economic integration amongst the six Organisation of […]
Iranian Chamber Sees Untapped Potential in Trade with Turkmenistan
The trade turnover between Iran and Turkmenistan stands at US $ 450 million. However, bilateral trade between the two neighboring countries has significant potential. This was stated by the President of the Iranian Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) Samad Hassanzadeh in Tehran at a meeting on Saturday (27 April) with the Chairman […]
Jana Post of Kazakhstan is a success story in e-commerce in Central Asia
E-Commerce is not a novelty in Central Asia anymore. It has been embraced by the mainstream society. However, the activity at e-commerce platform, though robust, is mostly on the local scale. The expansion is constrained by two factor: 1. The limited geography of first-mile-collection and last-mile-delivery services; and 2. Lack of unified payment gateway solutions. […]
24,000 companies with Russian capital operate in Central Asian countries
At the Innoprom Central Asia exhibition in Tashkent, Russia’s Deputy Prime Minister, minister for industry and trade Denis Manturov emphasized the growing economic ties between Russia and Central Asia. He revealed that over 24,000 companies with Russian capital operate in the region, with combined investments exceeding $38 billion. According to the government representative, Russia retains […]
Kazakhstan and Kyrgyzstan Boost Trade Ties with $300 Million Deal
Business leaders from Kazakhstan and Kyrgyzstan struck a series of agreements worth $300 million during a major business forum held in Astana on 17 April 2024 The Ministry of Trade and Integration of the Republic of Kazakhstan reported this positive development. These deals encompass a variety of projects, including construction of solar power plants, development […]
Arkadag Berdimuhamedov is on an official visit to Tajikistan – Turkmenistan and Tajikistan outline promising areas of cooperation
On 4-5 April 2024, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov is on a two-day official visit to Tajikistan. On the first day of the visit, Berdimuhamedov met with President Emomali Rahmon, as well as with Chairman of the Majlisi Milli Majlisi Oli (Parliament) of Tajikistan […]
Turkmenistan-Pakistan Transit Trade agreement is at final stage, says Pakistan Minister for Commerce
On 3 April 2024, the Ambassador of Turkmenistan to Pakistan, Atajan Movlamov met with the Federal Minister for Commerce of Pakistan Jam Kamal Khan. The meeting discussed ways for development of trade relations between the two countries. Minister Jam Kamal emphasized Pakistan’s commitment to strengthening bilateral ties with Turkmenistan, particularly in trade, for the mutual […]
Pakistan supports the early finalization of a Transit trade agreement with Turkmenistan
Pakistani President Asif Ali Zardari called for the early finalization of a Transit trade agreement with Turkmenistan to further strengthen bilateral cooperation between the two countries. He shared this point of view during a meeting with the Ambassador of Turkmenistan to Pakistan Atajan Movlamov, the Press Information Department reports. According to Zardari, such an agreement, […]