Turkmenistan, Turkey sign protocol on cooperation

Business Materials 31 January 2012 18:13 (UTC +04:00)

Azerbaijan, Baku, Jan. 31 / Trend A. Taghiyeva /

Turkey and Turkmenistan have today signed a protocol on the results of the meeting of the intergovernmental economic commission, Cihan agency said today.

The protocol was signed by Turkish Minister of Economy Zafer Caglayan and Turkmen President administration official Hojamuhammed Mohammedov.
Turkish minister said that during the bilateral meetings, Turkey and Turkmenistan discussed the development of cooperation in energy, education, tourism, technology and agriculture.

"Turkish entrepreneurs are interested in investing in the Turkmen economy," Caglayan said.
Turkey remains one of Turkmenistan's largest trade partners. The foreign trade volume between the two countries in 2005 amounted to $341 million. It reached a level of about 3 billion in late 2010.

Turkmenistan mainly exports products of textile, oil, gas, chemical and agricultural industries. Turkey supplies metals and metal products, household goods, building materials, products of electrical, chemical and light industries, food products, vehicles and medicaments.

More than 600 Turkish companies have been registered in Turkmenistan. They are working in trade and investment, construction, energy, textile and processing industries.