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Turkmenistan reaches new agreements with Russia's Tatarstan

Business Materials 5 June 2020 12:20 (UTC +04:00)
Turkmenistan reaches new agreements with Russia's Tatarstan

BAKU, Azerbaijan, June 5

By Jeila Aliyeva - Trend:

Turkmenistan has reached agreements in various sectors of partnership with leading Tatarstan companies (Russia), Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.

The talks of the co-chairs of the Turkmen-Tatar Working Group on Economic, Scientific, Technical and Cultural Cooperation were held via videoconference.

Tatarstan’s delegation was headed by Minister of Industry and Trade of Russia’s Tatarstan Albert Karimov, while the Turkmen delegation was headed by Minister of Finance and Economy of Turkmenistan Ezizgeldy Annamuhammedov.

Turkmenistan and Tatarstan agreed that relations should be developed in all sectors of mutual interest and potential for joint implementation.

The parties discussed implementation of decisions adopted during the previous meeting of the working group in trade, economic and humanitarian fields. Among the priority areas of mutually beneficial partnership, mechanical engineering, petrochemistry, aviation industry, shipbuilding, agriculture and others were noted.

Earlier, the parties also noted the intensification of cooperation between Turkmenistan and Tatneft oil and gas company, Kazan helicopter plant company, KER-Holding engineering company, AK bars Shipbuilding Corporation and others.

One of the most important trade ties of Turkmenistan and Tatarstan include supply of famous Russian KAMAZ trucks, which are widely used in Turkmenistan's construction and agricultural sectors. Over the past ten years, more than 9,000 trucks and special equipment of KAMAZ Engineering JSC have been delivered to the country.

Also, some 46 dump trucks from KAMAZ have been delivered to the International Sea Port of Turkmenbashi in Turkmenistan in April 2020.

The foreign trade turnover of Turkmenistan and Tatarstan amounted to $65 million from January through September 2019.

Branches of the leading companies of Tatarstan, such as KAMAZ, Tatneft and IED-Holding, operate in Turkmenistan.

Meanwhile, Turkmenistan and Russia's Tatarstan Republic have discussed the construction of various types of ships aimed at the development of merchant fleet on April 6, 2020.

In general, Turkmenistan devotes attention to cooperation with Russia’s regions and cities, in particular with Tatarstan, Astrakhan and Saint Petersburg.

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Follow the author on Twitter: @JeilaAliyeva

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