China's largest industrial holding holds talks in Turkmenistan
Turkmenistan, Ashgabat, March 29 / Trend H.Hasanov /
A delegation headed by the chief engineer of China's largest industrial holding - The Great Wall of China corporation, Hu Gang, arrived in Ashgabat for meetings at several ministries and departments of the country, the Turkmen government said on Thursday.
The company has been engaged for more than thirty years in the creation of satellites, services for their start-up, construction of ground-based management complexes, and search for alternative sources of energy, and also carries out work in the field of petrochemicals and electronics.
According to information, the delegation held a meeting at the Ministry of Communications.
Hu Gang expressed "desire of corporation to actively participate in national projects to modernize the communications and telecommunications systems." In this context, he expressed willingness to share experience in the field of space technology.
Expanding partnership in science and agro-industrial sector has been the subject of meetings at the Academy of Sciences and Ministry of Agriculture of Turkmenistan. Meetings at the Ministry of Oil and Gas Industry and Mineral Resources, Ministry of Water Resources, Ministry of Nature Protection of Turkmenistan are scheduled.
Chinese President Hu Jintao, in a recent letter to President of Turkmenistan Gurbanguly Berdimuhamedov noted that "China has chosen the policy of developing long-term and stable Chinese-Turkmen relations of friendship and cooperation and energy strategic partnership".
The letter, published in the local press, was timed to the 20th anniversary of establishing diplomatic relations between the two countries.
China has taken a leading position among the trade partners of Turkmenistan, Institute of Strategic Planning and Economic Development of Turkmenistan said.
The structure of imports from China to Turkmenistan, is mainly dominated by products for industrial purposes, presented by metal products, equipment, vehicles and other positions. Turkmenistan's exports to China, excluding natural gas, are characterized by agricultural products.
At present, 37 Chinese companies that master 66 investment projects worth about $4.5 billion and 2.3 billion yuan carry out activities in Turkmenistan. Basically, these companies operate in the oil and gas industry, supply high-tech telecommunications equipment, participate in the implementation of infrastructure projects.
Geographical location of Turkmenistan, which has significant opportunities for expansion of transit flows between the two largest markets of the world - Europe and Southeast Asia significantly contributes to the progress of foreign economic relations.
Turkmenistan is actively working to improve transport and communication infrastructure that can meet the intensification and optimization of logistic efficiency of the country's transit resource.