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, […]
Turkmenistan is committed to expanding trade and economic cooperation with Iran – The National Leader of the Turkmen people met with Iranian FM
On Thursday, 28 March 2024, the National Leader of the Turkmen people, Chairman of the Khalk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov met with the Minister of Foreign Affairs of Iran Hossein Amirabdollahian. Amirabdollahian praised Berdimuhamedov’s contributions to fostering positive dialogue between the two nations. Chairman Halk Maslahaty stressed the importance of building partnership in the […]
Turkmen-Japanese Business Forum Fosters cooperation in Tokyo – Minister of Trade and Foreign Economic Relations of Turkmenistan met with the Minister of Economy, Trade and Industry of Japan
Japanese and Turkmen representatives convened in Tokyo on 27 March 2024 for a business forum focused on fostering partnerships between small and medium-sized enterprises (SMEs) from both countries. The event, held at the Japan External Trade Organization (JETRO), brought together over 30 Turkmen leaders and around 100 Japanese participants. Minister Begench Gochmollayev of Turkmenistan’s Ministry […]
Belarus, Turkmenistan Eye Increased Trade Through Exchange Cooperation
The head of the Foreign Economic Activity Department at the Belarusian Universal Commodity Exchange (BUCE) Alexander Bashlia recently visited Ashgabat to explore promising avenues for cooperation with Turkmen businesses, according to BUCE reports. The BUCE aims to significantly increase trade turnover with Turkmenistan in 2024 by leveraging its exchange platform’s export potential. Lumber, dairy products, […]
Annual Trade Between Turkmenistan and Russia exceeds US $ 1.6 bln, says Ambassador Volynkin
Russia has been one of the key trading partners for Turkmenistan over the past five years, with annual trade exceeding $1.6 billion, according to Russian Ambassador Ivan Volynkin. He highlighted a positive trend: imports of Turkmen textiles and food products to Russia have nearly doubled, he said in interview with Azerbaijani news agency Trend. Regular […]
Turkmenistan Customs Service and International Trade Center Discuss Trade Facilitation Projects
On March 13, 2024, the State Customs Service of Turkmenistan met with a delegation from the International Trade Centre (ITC) led by Ms. Elena Butrimova, Head of the Department of Eastern Europe and Central Asia. The meeting focused on ongoing and new projects aimed at enhancing trade facilitation in Turkmenistan. The discussion highlighted the success […]
Almaty Hosts First B5+1 Forum: U.S. and Central Asia Strengthen Business Ties
The inaugural B5+1 Forum kicked off on 14 March 2024 in Almaty, bringing together representatives from the public and private sectors of the United States and Central Asia. Over 200 experts and investors from Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, and the U.S. are participating in the forum. The goal is to foster stronger collaboration and […]
Linkages between creation of National Branding and Concept of Sustainable Development
Kerim Kertiyev, PhD in Economics, National Institute of Finance, Turkmenistan, Chary Nurmuhammedov, Head of Office, UN Resident Coordinator’s Office Nowadays, transition to sustainable development is among important trends fundamentally changing the foundations of the world order. In the modern economy, nations’ welfare is largely formed by the ability of each country to diversify its economy, […]
Trade turnover between Turkmenistan and India increased to US $ 192 million
The volume of bilateral trade between India and Turkmenistan has steadily increased from US $ 60.64 million in 2020-2021 to US $ 192 million in 2022-2023. This was stated by the Ambassador of India to Turkmenistan, Ms. Madhumita Hazarika Bhagat, in an interview with the Turkmenistan newspaper. Among the main goods imported from India are […]
Turkmenistan and Romania outline plans to expand trade and economic ties
On 5 March 2024, Ambassador Annamammet Annaev of Turkmenistan met with Aurelian Gogulescu, President of the Prahova Chamber of Commerce and Industry (CCI) in Romania, Embassy of Turkmenistan to Romania reports. Ambassador Annaev expressed his appreciation for the opportunity to meet and emphasized the strong existing bilateral cooperation between Turkmenistan and Romania across various sectors. […]
Turkmen Commodity and Raw Materials Exchange hosted successful trading session on the sidelines of Afghanistan expo in Ashgabat
On 5 March 2024, on the sidelines of the exhibition of Afghan goods, the mobile stock exchange of the State Commodity Exchange of Turkmenistan was held in Ashgabat. 71 transactions were finalized during the session, generating significant economic activity. The total value of the concluded transactions surpassed US $ 107 million and Turkmen Manat 33 […]
President of Uzbekistan signed a decree on the establishment of the Uzbekistan–Turkmenistan free trade zone
The Uzbekistan–Turkmenistan free trade zone will be established in the Shavat district of the Khorezm region of Uzbekistan in accordance with the decree of the President of Uzbekistan Shavkat Mirziyoyev, Uzbek news outlets reported. An infrastructure for storage, sorting, marketing, transportation of goods and other modern services will be created in the free trade zone […]
Transport, Electricity and TAPI under the spotlight of Turkmenistan-Afghanistan talks in Ashgabat – Afghanistan’s Foreign Ministry issued press release on Meredov and Muttaqi meeting
Acting Foreign Minister of Afghanistan Amir Khan Muttaqi leading a delegation met with the Deputy Prime Minister, Minister of Foreign Affairs, Rashid Meredov in Ashgabat on Monday, 26 February 2024. The meeting focused on bilateral relations between Afghanistan and Turkmenistan, upgrading Afghanistan’s diplomatic presence in Ashgabat, and practically starting TAPI project in Afghanistan, according to […]
Turkmenistan’s foreign ministry hosted a meeting with an Afghan delegation led by Muttaqi
On February 26, 2024, in Ashgabat, a meeting was held between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and a delegation that arrived in Turkmenistan led by the acting Minister of Foreign Affairs of Afghanistan Amir Khan Muttaqi, consisting of representatives of various government agencies of Afghanistan, including the Ministry of Mining and […]
Trade in goods and services between the UK and Turkmenistan totaled £66 million
The total volume of trade turnover between the UK and Turkmenistan for the period from October 2022 to September 2023 amounted to 66 million pounds, an increase of 43.5%, or 20 million pounds in current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Tokayev’s first state visit to Qatar – Kazakhstan and Qatar inked 9 agreements and commercial deals worth $ 18 billion
On 13-14 February 2024, President of Kazakhstan Kassym-Jomart Tokayev made his first state visit to Qatar. In Doha, the head of Kazakhstan met with Sheikh Tamim bin Hamad Al Thani, as well as with the Prime Minister – Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman Al Thani. Tokayev also had a series of meetings […]
Xinjiang Exports to Central Asia Surge, Led by Electric Vehicles and Solar Panels
Trade between China’s Xinjiang region and Central Asia hit a record high in 2023, totaling 283.67 billion yuan, according to Xinhua. This figure represents 79.4% of Xinjiang’s total foreign trade, highlighting the region’s growing importance as a trade hub. Xinjiang’s exports to Central Asia jumped 23.2% year-on-year to 246.57 billion yuan. Labor-intensive and electromechanical products […]
Ambassador Akmaljon Kuchkarov hosted a press briefing – An overview of the current state of multidimensional Turkmen–Uzbek relations presented
On 5 February 2024, the Ambassador of Uzbekistan to Turkmenistan, Akmaljon Kuchkarov, hosted a briefing for Turkmen journalists and representatives of foreign media accredited in Ashgabat. The event was dedicated to the 583rd anniversary of the great Uzbek writer and thinker Alisher Navoi, who made a huge contribution to the development of Turkic literature. In […]
Afghanistan Eyes Balanced Trade with Central Asia
In 2023, Afghanistan imported about $1.4 billion worth of goods from Central Asian countries, while the country exported goods worth $100 million, TOLOnews reports, citing the Afghan Ministry of Industry and Trade. According to the ministry’s spokesman Akhundzada Abdul Salam Javad, the country’s main exports to Central Asia are fresh fruits, dried fruits, while attempts […]
Turkmenabad Eyes Hosting Next Uzbekistan-Turkmenistan Business Forum
Uzbekistan and Turkmenistan are exploring the possibility of hosting the next interregional business forum in Turkmenabad, according to a recent meeting between Ambassador Akmaljon Kochkarov of Uzbekistan to Turkmenistan and Lebap province governor Shohrat Amangeldiyev, UzReport reports. Discussions focused on strengthening trade and economic ties between the bordering regions of Bukhara (Uzbekistan) and Lebap (Turkmenistan), […]
Xinjiang Opens Large-Scale Electric Vehicle Production Targeting Central Asia
A large-scale production facility of motorcycles and electric bikes has opened in Khorgos, China, on the border with Kazakhstan, CGTN reports. The company is located in the Xinjiang Pilot Free Trade Zone and belongs to a local technology company in the field of new energy Kingold. This is the first such project in Xinjiang, fully […]
Xinjiang’s Trade grows with Central Asia, Becoming its Largest Market
Urumqi customs data shows Central Asia as the largest trading partner for China’s Xinjiang Uygur Autonomous Region (XUAR). In 2023, trade turnover surged by 50%, accounting for a remarkable 79.4% of XUAR’s total foreign trade volume, Xinhua reports. Trade with Kazakhstan, Kyrgyzstan, and Tajikistan, XUAR’s top three partners, increased by 70.8%, 25.8%, and 93.4%, respectively. […]
EU-Uzbekistan Trade Grows, and EU-Central Asia Summit in Sight
Uzbekistan and the European Union witnessed a 30% surge in trade volume during 2023, as announced by the Uzbek President’s press service following a meeting between President Mirziyoyev and EU Vice President Margaritis Schinas. Leading European companies are actively participating in major investment projects within Uzbekistan’s high-tech sectors, further solidifying the economic partnership. Additionally, the […]
Afghanistan-Turkmenistan Trade Reaches $481 Million in 2023
Trade between Afghanistan and Turkmenistan soared to $481 million in 2023, TOLoNews reports citing the Afghan Ministry of Industry and Commerce. During a recent meeting between the Acting Minister and the Turkmen Ambassador in Kabul discussions focused on expanding trade, with a specific emphasis on boosting Afghan marble exports to Turkmenistan. “Afghanistan and Turkmenistan had […]
Ashgabat to host an exhibition of Afghanistan production
Turkmenistan’s Ambassador to Afghanistan Khoja Ovezov met with Nooruddin Azizi, Acting Minister of Industry and Commerce of Afghanistan. An increase in Afghanistan’s exports to Turkmenistan was noted at the meeting, the Afghan Ministry of Industry and Commerce reports. In this context, the parties discussed a roadmap for increasing trade turnover between the two countries. The […]
Russia Eyes Deeper Investment Ties with Turkmenistan
Russia is interested in developing cooperation with Turkmenistan and is ready to implement joint projects, supply various products, and expand areas of investment cooperation. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the 9th meeting of the High-level Group on Trade and Investment Support within the framework of the […]
Trade between Turkmenistan and Uzbekistan exceeds $970 million
According to the Agency of Statistics under the President of Uzbekistan, trade between Turkmenistan and Uzbekistan amounted to $970.1 million in January-November 2023. Of this, exports of Uzbek products to Turkmenistan amounted to $106.5 million, while imports from Turkmenistan were $809.6 million. As the figures show, trade and economic relations between Turkmenistan and Uzbekistan are […]
UK Imports of Turkmen Goods Surge 500%
The total volume of trade turnover between the UK and Turkmenistan for the period from July 2022 to June 2023 amounted to 64 million pounds, an increase of 48.8%, or 21 million pounds in current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Turkmenistan continues to implement a Single Window for Export-Import Operations
The State Customs Service of Turkmenistan has held a regular meeting of the commission for coordinating the work of the Single Window for export-import operations. In addition to customs officers, representatives of ministries, departments and public associations took part in the meeting. Within the framework of the meeting, events related to the launch of the […]
Turkmenistan’s trade turnover with the CIS countries exceeded $2.6 billion (Updated)
Turkmenistan’s foreign trade turnover with the states of the Commonwealth of Independent States in January-October 2023 exceeded US $2.6 billion or 16.5% of the country’s total foreign trade turnover. This was stated by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Khojamyrat Geldimyradov, speaking at a meeting of the Council of Heads of Government […]
Russia-Turkmenistan Trade Surges 11.6% as Trade via Eastern Branch of International North -South Transport Corridor Booms
Russia and Turkmenistan have witnessed a remarkable 11.6% surge in their bilateral trade turnover this year and the lion’s share of the trade is conditioned by the growth of trade flows via Turkmenistan from Iran. This is evident from remarks by Mikhail Rumyantsev, Executive Director of the Russian–Turkmen Business Council “Many already want to unload […]
Iran to Send Trade Representative to Turkmenistan
The Trade Promotion Organization of Iran (TPOI) will dispatch a trade representative to Turkmenistan within the next four months to foster stronger bilateral trade and economic ties, according to TPOI head Mahdi Zeighami. In an interview with IRNA, Zeighami emphasized the ongoing development of a comprehensive cooperation document between Turkmenistan and Iran, highlighting the potential […]
China Boosts Truck Supplies to Central Asia
Against a backdrop of growing demand, China is increasing its exports of heavy-duty vehicles to Central Asian countries, CGTN reports. The Chinese province of Shaanxi is a national center for the production of electric vehicles and heavy trucks. SHACMAN, a company that has been producing trucks in Shaanxi for over 50 years, is widely in […]
Trade complex: new successes, innovative technologies and modern services
Batyr Atdayev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan The trade complex, which occupies one of the main positions in the domestic and foreign economic policy of Turkmenistan, has become one of the rapidly developing areas of the national economy. Today, President Serdar Berdimuhamedov worthily continues the initiatives of the Hero-Arkadag on the […]
Trade between the countries of Central Asia exceeds $ 10 billion, says Foreign Minister of Kazakhstan Nurtleu
The volume of trade between the countries of the Central Asian region (Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, Uzbekistan) has exceeded US $ 10 billion to date. This was stated by the Minister of Foreign Affairs of Kazakhstan Murat Nutrleu at a meeting of the foreign ministers of the Central Asian countries in Dushanbe, on Wednesday, 13 […]
Qatar, Turkmenistan Chambers discuss ways to boost cooperation
Qatar Chamber and the Turkmenistan Chamber of Commerce and Industry discussed ways to enhance commercial and industrial cooperation, encourage businessmen from both countries to form alliances and partnerships, and promote investment climates and opportunities in both nations. According to the Qatar Chamber’s press release, this came during a meeting held recently at the Chamber’s headquarters […]
Pakistan and Turkmenistan agree to forge connectivity and trade cooperation
Ambassador of Turkmenistan to Pakistan Atajan Movlamov had a meeting with Federal Minister for Commerce, Industries and Production of Pakistan Dr. Gohar Ejaz in Islamabad on 7 Sep. According to the message of the Ministry of Commerce in social nets, trade routes and rail links, gas pipelines and transit trade took center stage in discussions. […]
China’s provinces build up trade and economic relations with Uzbekistan
Another train set off last week from China to the Central Asian region, demonstrating the increasing trade and economic relations and the growing transport connectivity between China and the region. On 30 August, a train loaded with 261 cars left the Liuzhou automobile logistics base (Guangxi Zhuang Autonomous Region in southern China) for Tashkent, the […]
The Interdepartmental Commission discussed the implementation of the “Single Window for Export-import operations” in Turkmenistan
The introduction of the “Single Window for export-import operations” is underway in Turkmenistan. The relevant Interdepartmental Commission for the coordination of this work held a regular meeting, which brought together the heads and officials of ministries, departments and public organizations that are part of the commission, the State Customs Service of Turkmenistan reports. During the […]
Azerbaijan, Uzbekistan set up Supreme Interstate Council – Baku and Tashkent aim to bolster ties in transport, energy
President of Uzbekistan Shavkat Mirziyoyev is on a two-day state visit to Azerbaijan. This is the first foreign visit of the Uzbek leader after his re-election to the presidency. Following the summit talks in Baku on 22 August 2023, President Mirziyoyev and President of Azerbaijan Ilham Aliyev signed an agreement on the establishment of the […]
Kazakhstan and Vietnam set sights on $1 Billion in trade and lift visa requirements
On Monday, 21 August, President Kassym-Jomart Tokayev, who arrived on his first official visit to Hanoi, held talks with President Vo Van Thuong of Vietnam. During the talks, prospects for the development of cooperation in trade and economic, investment, energy, transport and logistics, agro-industrial, cultural and humanitarian spheres were discussed, the press service of the […]
Imports from Turkmenistan to the UK posted 400% growth – Department for Business and Trade
The total volume of trade turnover between the UK and Turkmenistan for the period from April 2022 to March 2023 amounted to 52 million pounds, an increase of 30%, or 12 million pounds at current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Kazakhstan aims to create a direct export route to the Middle East and South Asia
Kazakhstan is working to create the shortest direct route for the delivery of its export food to the markets of the Persian Gulf, the Middle East, Pakistan, India and the East Africa. To this end, a joint venture will be launched with the Emirati company Abu Dhabi Ports, which is part of the AD Ports […]
Визит делегации движения “Талибан” по содействию торговле и инвестициям в Казахстан
Лидеры бизнеса из Казахстана и Афганистана встретились в Астане 2 августа 2023 года, чтобы обсудить торговые и инвестиционные возможности. Делегацию движения “Талибан” возглавляет Азизи Нуриддин, министр торговли и промышленности Афганистана. Афганистан является крупным импортером казахстанской муки и растительного масла, и объем взаимной торговли между двумя странами составляет около 1 миллиарда долларов. Правительство Казахстана заинтересовано в […]
Taliban delegation on trade and investments promotion visit to Kazakhstan
The business leaders from Kazakhstan and Afghanistan met in Astana on 2 August 2023 to discuss trade and investment opportunities. The Taliban delegation is led by Azizi Nuriddin, Minister of Commerce and Industry of Afghanistan. Afghanistan is a major importer of Kazakh flour and vegetable oil, and the two countries have a mutual trade volume […]
Turkmenistan participates in largest International Expo in Afghanistan
A group of Turkmen businessmen participates at the Imam Abu Hanifa 2nd National and International Expo and Trade Fair in Kabul, the Embassy of Turkmenistan in Afghanistan reports. The 2nd National and International Exhibition of Imam Abu Hanifah, organized by the Afghanistan Chamber of Commerce & Investment/ACCI, will continue from 16 to 22 July 2023. […]