Turkmenistan, Kuwait discuss prospects for co-op in trade
Ashgabat, Turkmenistan, June 5
By Huseyn Hasanov – Trend:
Minister of Foreign Affairs of Turkmenistan Rashid Meredov met with Ambassador Extraordinary and Plenipotentiary of Kuwait Majdi Ahmad Al-Dhafiri, the Turkmen Foreign Ministry said June 5.
The parties discussed prospects of cooperation in political, trade and economic, cultural and humanitarian spheres.
During the official visit of the President of Turkmenistan to Kuwait in March of this year, a solid package of bilateral documents was signed. In this regard, the parties conducted a thorough analysis of the implementation of interstate treaties and agreements reached during the visit.
The parties also discussed a wide range of regional and international issues of mutual interest.
Earlier, a Memorandum of understanding was signed between the state concern Turkmengas and Kuwait Petroleum Corporation. The document was signed following the talks of President of Turkmenistan Gurbanguly Berdimuhamedov and Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah.
In addition, a memorandum of understanding on cooperation between the government of Turkmenistan and the Kuwait Fund for Arab Economic Development was signed. Agreements were signed on economic, technical and trade cooperation, and on the establishment of a joint commission. At the summit talks in Kuwait, the parties considered the possibility of establishing joint ventures in the manufacturing sector based on mutual investments, and partnerships in such spheres as metallurgy.
Energy, trade, investment, transport and communication, chemical industry, textile industry and agriculture, health care and high technology are areas of cooperation among the two states designed for long-term prospects, the State News Agency "Turkmen Dovlet Khabarlary" noted in its comments.
A proposal was made to hold a joint business forum and an exhibition on trade and investment. Turkmenistan is also interested in discussing issues related to the participation of large financial and investment structures of the Middle East in the implementation of Turkmenistan–Afghanistan–Pakistan–India gas pipeline (TAPI) project.