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Turkmenistan ready for further close co-op with Japanese enterprises

Business Materials 25 June 2021 13:09 (UTC +04:00)
Turkmenistan ready for further close co-op with Japanese enterprises

BAKU, Azerbaijan, June 25

By Jeila Aliyeva - Trend:

Turkmenistan and Japan at an online meeting expressed readiness to expand cooperation between banks as well as big corporations, Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.

In particular, Turkmenistan looks for stronger ties with Japanese Japan Bank for International Cooperation (JBIC), large corporations such as Sumitomo, Itochu Corporation and others.

The parties stressed the role of the activities of the Turkmen-Japanese and Japanese-Turkmen Committees on Economic Cooperation, and also expressed the need to accelerate the implementation of the previously reached agreements.

The parties also highlighted the development of "green energy", the intensification of business and scientific contacts as top priorities.

Reportedly, the Japanese business circles are interested in expanding their activity in the Turkmen market and in participating in new infrastructure projects.

Japanese companies have proved themselves to be reliable partners in the implementation of such big projects as construction of industrial plants.

The plant for the production of ammonia and carbamide was built in Mary town of Turkmenistan’s Mary region, the plant for the production of carbamide fertilizers was built in Garabogaz town in the Balkan region, the plant for the of polyethylene and polypropylene was built in Kiyanly town and the world's first plant for the production of environmentally friendly pure synthetic fuel - gas from natural gas was built in Akhal region.

The prospects for mutually beneficial partnership are also available in the transport, communications, logistics and agricultural sectors.

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Follow the author on Twitter: @JeilaAliyeva

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