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Turkmenistan to sign contract with Switzerland on purchase of special vehicles

Business Materials 19 December 2020 10:29 (UTC +04:00)
Turkmenistan to sign contract with Switzerland on purchase of special vehicles

BAKU, Azerbaijan, December 19

By Jeila Aliyeva - Trend:

Turkmenistan will sign a contract for the purchase of special vehicles for public services with Switzerland, Trend reports with reference to Turkmenistan’s State News Agency.

The relevant decree was signed by President of Turkmenistan Gurbanguly Berdimuhamedov, says the report.

According to the decree, the contract will be signed by the municipal administration of the capital of Turkmenistan – Ashgabat - with the company ITS Investment & Trading Services AG.

According to the contract, the supply of special vehicles for utilities, spare parts, garbage cans and containers should be carried out before august 2021.

As earlier The Federal Department of Economic Affairs, Education and Research of Switzerland told Trend, Total trade between Switzerland and Turkmenistan from January through October 2020 amounted to 6.97 million CHF ($7.6 million).

The message noted that Swiss exports to Turkmenistan in the reporting period amounted to 6.8 million CHF ($7.5 million), while imports – 130,824 CHF ($143,368).

Regarding Swiss exports to Turkmenistan, the department noted that most exported Swiss products were pharmaceuticals. Switzerland exported to Turkmenistan pharmaceutical products worth 2.8 million CHF ($3.1 million).

The second most exported type of Swiss products to Turkmenistan was machinery and various spare parts (from January through October 2020 2.5 million CHF or $2.7 million worth of exports).

Meanwhile, most imported Turkmen products by Switzerland were also machinery and parts thereof. In particular, Switzerland imported from Turkmenistan 41,796 CHF ($45,803) worth machinery and parts thereof.

Switzerland's second most imported product from Turkmenistan was optical, medical and precision instruments worth 36,114 CHF ($39,577).

Turkmenistan and Switzerland have previously discussed the need to expand trade and economic cooperation by creating new collaborative mechanisms.

Turkmenistan established diplomatic relations with Switzerland on May 8, 1992. An Intergovernmental agreement on investment promotion and mutual protection was signed in 2008.

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Follow the author on Twitter: @JeilaAliyeva

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