Turkmenistan, Ashgabat, July 20 /Trend H.Hasanov/
The tenth meeting of the Turkmen-Japanese Economic Committee is being held in Tokyo, the official Turkmen source said on Friday.
Both countries are discussing prospects for joint investment projects in the oil and gas industry, chemical industry and fisheries, communications, transportation, banking, textile industry at the governmental level.
The parties were in favour of holding economic and trade exhibitions, forums and fairs on a regular basis. Japanese companies are already represented in Turkmenistan in such industries as the oil and gas sector, transport and communications, construction, healthcare and water management.
Participation in projects to modernise fuel and energy, particularly the modernisation of the Caspian state's largest oil refinery in Turkmenbashi worth $1.6 billion is especially conspicuous.
The delivery of modern road construction and earth moving equipment from Japan is also part of the traditional form of cooperation
The official visit of Berdymuhamedov to Japan in 2009 during which a number of intergovernmental agreements and contracts with Japanese companies were signed, gave additional impetus to the bilateral relations.
Such companies as Mitsubishi, Kawasaki, Sojitz, Itochu Corporation and JGC, Toyota Corporation and the Marubeni Corporation expressed interest in cooperating with Turkmenistan.
In a recent message from Prime Minister of Japan Yoshihiko Noda, addressed to the President of Turkmenistan on the occasion of the 20th anniversary of establishing diplomatic relations between the two countries, he said that Japan's high technology and rich natural resources of Turkmenistan are complimentary.
A number of projects in Turkmenistan are being implemented funded as commercial loans from the Japan Bank for International Cooperation (JBIC).