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Turkmenistan, UK consider opportunities for co-op in agricultural sector

Business Materials 19 January 2021 11:31
Turkmenistan, UK consider opportunities for co-op in agricultural sector

BAKU, Azerbaijan, January 19

By Jeila Aliyeva - Trend:

Turkmenistan and the UK have discussed opportunities for cooperation in the field of agriculture, Trend reports with reference to Business Turkmenistan information portal, Trend reports with reference to the Business Turkmenistan information portal.

The discussions were held during a video meeting between representatives of the two countries.

Special importance was attached to the achievements of biotechnology and genetics in agriculture, animal husbandry, fish farming.

The representatives of the UK were acquainted with the activities of Turkmen businessmen in the agro-industrial sector, as well as the opportunities created for this and the tasks set.

In addition, the parties discussed the development of agricultural production on a scientific basis, projects aimed at resource conservation and ensuring food abundance, and ways to develop relations in this direction.

The Department for International Trade of the UK told Trend, total trade in goods and services between the UK and Turkmenistan was 27 million pounds sterling ($35.8 million) from the second quarter of 2019 to the second quarter of 2020.

The message told that the top 5 goods exported from the UK to Turkmenistan in the reporting period were: Other chemicals (4 million pound sterling - $5.3 million), fyeing, tanning & coloring materials (2 million pound sterling - $2.6 million), general industrial machinery (intermediate) (980,000-pound sterling - $1.3 million), general industrial machinery (capital) (970,000-pound sterling - $1.2 million), jewelry (970,000-pound sterling $1.2 million).

Thus, the top 5 goods imported to the UK from Turkmenistan at the same period were: metal ores & scrap (390,000 pound sterling - $517,629), aircraft (340,000 pound sterling - $451,266), inorganic chemicals (280,000 pound sterling – $371,631), ships (250,000 pound sterling - $331,813), general industrial machinery (capital) (150,000 pound sterling - $199,088).

“COVID-19 did slow down the progress of our scheduled activities due to travel restrictions, however, we’ve managed to continue our engagement via online platforms,” reads the message, adding that currently, the conversations are ongoing on a number of potential projects with Turkmenistan.

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Follow the author on Twitter: @JeilaAliyeva

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