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Turkmenistan, Kazakhstan's trading houses opening being worked out

Business Materials 17 March 2021 17:19 (UTC +04:00)
Turkmenistan, Kazakhstan's trading houses opening being worked out

BAKU, Azerbaijan, March 17

By Jeila Aliyeva - Trend:

The issue of opening trading houses of Turkmenistan and Kazakhstan for the promotion of products and the conclusion of contracts between entrepreneurs of the two countries is currently being worked out, the Ministry of Foreign Affairs of Kazakhstan told Trend.

"Kazakhstan attaches great importance to the expansion of trade and economic cooperation with Turkmenistan," said the ministry.

The message notes that it is mainly about expanding cooperation between the countries in the fuel and energy, transport and transit and industrial sectors.

"First of all, this is an increase in trade turnover, building up business ties between the business circles of the two states," the ministry stressed.

At the same time, Kazakhstan and Turkmenistan are important players in the energy market.

"For many years, the transit of Turkmen gas through the territory of Kazakhstan to China via the Turkmenistan – Uzbekistan – Kazakhstan - China gas pipeline has been successfully carried out," the report added.

Turkmenistan and Kazakhstan are strategic partners. Two neighboring countries indicated the availability of significant potential for enhancing cooperation in the trade and economic sphere, transport and communications sector, energy.

Ashgabat and Nur-Sultan regularly discuss partnership issues in the gas sector and the development of cross-border mineral deposits.

Kazakhstan is involved in a big project to supply Central Asian gas to China. Since 2009, China National Petroleum Corporation has been purchasing Turkmen fuel transported through the territories of Uzbekistan and Kazakhstan.

Within the cooperation in the transport sector, the project on the construction of the Kazakhstan-Turkmenistan-Iran transnational railway was implemented in December 2014.The goods can be freely transported to the countries of the Persian Gulf, to the Indian Ocean, and transported to Europe via this trade route.

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