Turkey, Turkmenistan discuss trade and economic cooperation

Turkey, Turkmenistan discuss trade and economic cooperation

Turkmenistan, Ashgabat, Jan.31/ Trend, H. Hasanov /

President of Turkmenistan Gurbanguly Berdimuhammadov received Turkish Economy Minister Zafer Caglayan on Monday, the Turkmen government said on Tuesday.

The head of the Turkish delegation conveyed Turkey's President Abdullah Gul and Prime Minister Recep Tayyip Erdogan's greetings, as well as "Turkish side's strong interest in the steady establishment of efficient intergovernmental interaction on a number of priorities," the report said.

According to the report, Caglayan said "there are all the conditions for that - above all, Turkmenistan's huge resource and economic potential, keeping high rates of economic development during hard economic time, as well as favorable investment climate created in the country that attracts an increasing number of potential foreign investors".

The joint intergovernmental Turkmen-Turkish commission for economic cooperation, a regular meeting of which is underway in Ashgabat these days, plays a decisive role in this process.

"It will certainly contribute to further strengthening of the best traditions of good neighborliness and many years' successful cooperation, including on such important spheres as industry, agriculture, as well as urban development".

The two sides expressed "confidence in continuous trade and economic cooperation for further strengthening of relations of friendship and brotherhood between the Turkmen and Turkish peoples".

Turkey remains one of the largest trade partners of Turkmenistan. If the foreign trade volume between the two countries in 2005 amounted to $341 million, in late 2010 it reached nearly $3 billion.

Turkmenistan mainly exports products of textile, oil and gas and chemical and agricultural industries. The country imports metals and metal products, household products, building materials, electric equipment, chemical and light industry products, food products, vehicles and medicines from Turkey.

Turkmenistan has registered more than 600 Turkish companies actively involved in sectors such as trade and investment, construction, energy, textile and processing sectors.

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