Turkmenistan, China negotiating about JV establishment
Ashgabat, Turkmenistan, March 1
By Huseyn Hasanov- Trend:
Ten protocols of intention on joint business development were signed in Ashgabat following the visit of a delegation of Chinese businessmen, Neutral Turkmenistan newspaper wrote.
Along with the expansion of trade ties, the documents envisage the establishment of modern facilities in Turkmenistan focused on import substitution and export, the information says.
In particular, Qinghai cashmere industrial group together with the Turkmen Oguzabat company agreed to establish a cashmere production facility in Ashgabat by using Turkmen raw materials.
The representatives of Pekin Sancuan Sencyuri Teknoloji Ko.Ltd together with Merdana Turkmen local company intend to establish the production and maintenance of the equipment for the oil and gas complex.
Among the plans of other Chinese companies are the construction of the cellulose production enterprises, a plant producing filters for cars, trucks and agricultural machines.
An agreement was also reached to establish a joint facility for the production of metal products, gas generators, granite and marble processing.
The two countries have agreed to open joint shops and restaurants and exchange the trading houses.