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Turkmenistan interested in expanding co-op with Russia’s Lipetsk region

Business Materials 16 May 2021 14:11 (UTC +04:00)
Turkmenistan interested in expanding co-op with Russia’s Lipetsk region

BAKU, Azerbaijan, May 16

By Jeila Aliyeva - Trend:

Turkmenistan is interested in expanding mutually beneficial cooperation with the Lipetsk region of Russia, Trend reports with reference to the Lipetsk Time.

The country is particularly interested in cooperation in such areas as agriculture, metallurgy, petrochemicals and energy.

Currently, metal products, confectionery, baby food, machinery and equipment are exported from the region to Turkmenistan.

Meanwhile, textiles are mainly exported from Turkmenistan to Lipetsk.

As earlier the Russian Ministry of Foreign Affairs told Trend, The positive dynamics in Russian-Turkmen trade continued in 2020 – the trade turnover increased by 39.6 percent, compared to 2019 and reached $970.2 million (excluding Turkmen gas supplies).

The message said that the volume of exports increased by 19.6 percent (to $649.5 million), imports – by 11.6 percent (to $320.6 million).

"In 2020, Turkmenistan mainly exported metals and products made from them; food products and agricultural raw materials; chemical industry products; machinery, equipment, and vehicles," the ministry noted.

The main items of import from Turkmenistan were: chemical industry products; textile, products made from it and shoes; food products and agricultural raw materials; mineral products.

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