Turkmenistan, Belarus mull business partnership prospects

Ashgabat, Turkmenistan, Oct. 11

By Huseyn Hasanov – Trend:

A meeting of the Turkmen and Belarus presidents, Gurbanguly Berdimuhamedov and Alexander Lukashenko, was held in Ashgabat Oct. 11, Trend reports citing the Turkmen government.

"The focus of both countries on innovative development provides favorable opportunities for expanding and diversifying mutually beneficial long-term partnership and launching new promising projects," the Turkmenistan State News Agency reported.

The heads of state discussed key issues of cooperation between the two countries. At the same time, the presence of great diverse potential in the trade and economic sphere was noted, in the optimal use of which a significant role is given to the joint intergovernmental commission, the report said.

The mutual trade turnover between Turkmenistan and Belarus amounted to $65 million in 2017, and to $32.2 million in 2018.

Belarus’ supplies to Turkmenistan mainly consist of high value-added goods including trucks, special purpose vehicles, tractors, road-building equipment, medicines, woodworking products, and agricultural products.

An intergovernmental agreement on trade and economic cooperation between the two countries was signed in 2014.

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