Business Circles Meet to Bring Closer Azerbaijani and Turkmen Economies
Azerbaijan, Baku, 18 June / corr. Trend I.Khalilova / Azerbaijan held a presentation of its investment opportunities during the first Azerbaijani-Turkmen business-forum in Ashgabat, Elkhan Huseynov, the Azerbaijani Extraordinary and Plenipotentiary Ambassador to Turkmenistan, said on 17 June. A business-forum with 26-member Azerbaijani delegation continued its work. Emil Mejidov, the head of the Azerbaijani Export and Investment Promotion Fund (AZPROMO), headed the Azerbaijani delegation.
The head of the Turkmen delegation is Palvan Taganov, President of the Chamber of Commerce and Industry.
"The Turkmen President Gurbangulu Berdimukhammedov received the head of Azerbaijani delegation," the Ambassador said.
Companies, which are specialized in the production of construction materials, construction, food industry and tourism, were interested in participation in the business-forum.
"These fields are very attractive for foreign investment and this business-forum will give an intensive to proximity of the Azerbaijani and Turkmen economies," Mejidov stated before his Ashgabat visit.
According to the head of AZPROMO, further it is planned to organize a business-forum between Azerbaijan and Turkmenistan on certain fields, particularly construction, textile, chemical and food industry, tourism, finance, refinery and metallurgy. With the consideration of proximity and large opportunities for cooperation, the Turkmen market can be used as a source of raw materials (construction materials, fruits and vegetables), Mejidov said.
In accordance with the Azerbaijani statistics, goods turnover between the two countries amounted to $53.9mln, while import operations amounted $40.3mln as of 2007. However, the export of the Azerbaijani commodity prevails over foreign trade operations at the first quarter, which totaled $5.4mln of the $8.9mln lump goods turnover.
The Azerbaijani and Turkmen Government plan to increase goods turnover to $500mln within the subsequent 2 or 3 years.
The current exchange rate of US dollar was AZN 0.8176 on 17 June.