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Turkmenistan, Germany to intensify economic cooperation

Business Materials 30 November 2011 10:39 (UTC +04:00)
The Joint Economic Forum of Turkmenistan and Germany, which will launch its work on Wednesday in Ashgabat intended to "play a significant role in the further development of trade and economic cooperation and enhance mutually beneficial business contacts between the two countries," Turkmen President Gurbanguly Berdimuhammadov said in his appeal to participants of the Day of German Economy in Turkmenistan.
Turkmenistan, Germany to intensify economic cooperation

Turkmenistan, Ashgabat, Nov.30 / Trend, H.Hasanov /

The Joint Economic Forum of Turkmenistan and Germany, which will launch its work on Wednesday in Ashgabat intended to "play a significant role in the further development of trade and economic cooperation and enhance mutually beneficial business contacts between the two countries," Turkmen President Gurbanguly Berdimuhammadov said in his appeal to participants of the Day of German Economy in Turkmenistan.

"The Day of Economy of Germany in Turkmenistan is a significant event, indicating a strengthening and expansion of friendly ties between our country and Germany," the text says.

Berdimuhammadov stressed that Turkmenistan "attaches great importance to friendly relations and constructive dialogue with Germany, which occupies a key position in Europe on economic development".

The promising directions of cooperation are transport and communications spheres, science and education, construction, supply of modern technology and equipment.

Germany is represented in the local market in oil and gas industry, textile industry, health, transport and communications spheres, as well as in the agricultural sector in Turkmenistan.

There are some 62 companies from Germany in Turkmenistan, which particularly implemented such projects as the construction of plants producing lubricating oils and paraffin, plants for diesel fuel treatment from water at the oil refinery in Turkmenbashi, as well as construction of a compressor station in Korpedje.

The cooperation has been established with well-known German companies to provide health care sphere of Turkmenistan with the newest medical equipment, as well as training of highly skilled specialists.

Germany contributes to the development of local textile industry. A significant share in technological equipment on textile enterprises accounts for the leading German companies' products.

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