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UK’s JCB Sales Limited interested in supply of special machinery, equipment for Turkmenistan

Business Materials 19 February 2021 12:15
UK’s JCB Sales Limited interested in supply of special machinery, equipment for Turkmenistan

BAKU, Azerbaijan, February 19

By Jeila Aliyeva - Trend:

The UK’s JCB Sales Limited company is interested in the supply of special machinery and equipment for Turkmenistan, Trend reports with reference to Turkmenistan’s State News Agency.

The issues of cooperation between Turkmenistan and the company were discussed during a videoconference with representatives of the UK.

The investment issues and other aspects of joint projects were also considered.

According to the report, the UK side was headed by the British Prime Minister's Trade Envoy for Turkmenistan Emma Nicholson.

From the Turkmen side, the meeting was attended by heads and representatives of the Ministry of Finance and Economy, the Central Bank, the State Bank for Foreign Economic Affairs, the State Committee for Water Management, the Union of Industrialists and Entrepreneurs.

As earlier 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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