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Turkmenistan to cooperate with UK Export Finance

Finance Materials 9 May 2020 12:07 (UTC +04:00)
Turkmenistan to cooperate with UK Export Finance

BAKU, Azerbaijan, May 9

By Jeila Aliyeva - Trend:

Turkmenistan intends to cooperate with UK Export Finance, Trend reports with reference to Online Newspaper of the Oil and Gas Complex of Turkmenistan.

The possibilities of expanding cooperation in the financial sphere, as well as the implementation of specific investment projects, were discussed at meeting held in the Ministry of Finance and Economy of Turkmenistan via videoconference.

The meeting was attended by representatives and specialists of the UK Export Finance, as well as members of a number of ministries and industry departments of Turkmenistan, and the British Ambassador to Turkmenistan Hugh Philpott.

Singing of a memorandum for cooperation is important for further cooperation. The project of this memorandum was previously discussed.

According to the representative of UK Export Finance, Vomik Shah, this structure is ready to help English companies to cooperate with Turkmenistan and expand the range of provided services.

Negotiations of the Turkmen delegation with the UK Export Finance were held in February 2020. During these talks, prospects for cooperation with the agencies of Turkmenistan, in particular with Turkmengas State Concern of the country, were discussed.

The mission of this company is to ensure that no viable UK export fails for lack of finance or insurance, while operating at no net cost to the taxpayer.

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Follow the author on Twitter: @JeilaAliyeva

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