Turkmenistan considers promoting expansion of partnership opportunities within ECO

Business Materials 5 March 2021 14:27 (UTC +04:00)
Turkmenistan considers promoting expansion of partnership opportunities within ECO

BAKU, Azerbaijan, March 5

By Jeila Aliyeva - Trend:

Turkmenistan is considering promoting the expansion of partnership opportunities within the framework of the Economic Cooperation Organization (ECO) in the economic, trade, industrial, energy, transport, and communication, cultural and humanitarian spheres, said President of Turkmenistan Gurbanguly Berdimuhamedov, Trend reports with reference to the State News Agency of Turkmenistan.

The president made this remark during the ECO summit.

Turkmenistan plans to conduct concrete work with its partners to create conditions for further activation of trade and economic relations between the countries, said the president.

To do this, Turkmenistan proposes to start working on the creation of economic routes in the ECO region. In addition, industrial cooperation, consolidation of production and technological potential, implementation of joint infrastructure projects were highlighted as key aspects of the economy.

The transport and communication sector will play a key role in achieving the economic development goals of the ECO member states.

The president noted that Turkmenistan considers the ECO space as a system of optimal, cost-effective, and high-tech transport and communication hubs and routes on the Eurasian continent.

At the same time, Turkmenistan calls for focusing on combined transit transport corridors along the East-West route, from the Asia-Pacific region to the European part of the continent, towards the Middle East. The countries should actively move through the Caspian Sea in the western and northern directions, reach the ports of the Black and Baltic Seas.

As a key task, Turkmenistan also considers the creation of energy clusters in the ECO space, the diversification of energy supplies with the participation of our states.

He is also convinced of the need for additional energy routes, both within the ECO region and beyond.

Previously, Ashgabat thought that the prospects for optimizing the transport network along the North-South and West-East transport corridors by using vessels, trains, and ships are reasonable. These projects can connect vast areas from the Pacific Ocean to the Caspian Sea and the Black Sea, from the northern European continent to the Indian Ocean.

The Kazakhstan – Turkmenistan – Iran and Turkmenistan – Afghanistan – Tajikistan railways, airports in Ashgabat and in the provinces, bridges across the Amu Darya, Turkmenbashi international seaport, and other facilities that have already been commissioned and are being built in the country are designed to become the key components of transnational transport corridors.

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