Turkmenistan prepares for talks on WTO accession
Turkmenistan, Ashgabat, Jan. 19 / Trend H. Hasanov /
Turkmen President Gurbanguly Berdimuhamedov stressed the need at a meeting of the Cabinet of Ministers to consider the issue of Turkmenistan's joining the World Trade Organization (WTO), the Turkmen government said today.
In this regard, President Berdimuhamedov has instructed to prepare proposals to establish a special government commission and start talks with the WTO heads.
The Turkmen president has also ordered the relevant departments to make reports about their work in this area at the next meeting of the Cabinet of Ministers.
EU in the face of European Commission president Jose Manuel Barroso proposed Turkmenistan to join WTO in January 2011.
"This will increase Turkmenistan's share in regional and global trade and have a positive impact on economic development, which is necessary for long-term prosperity and well-being," Barroso said during his visit to Ashgabat.
EU senior official said that EU is ready to support Turkmenistan's joining the WTO. He added that joining the WTO optimizes attracting foreign capital and facilitates creating new jobs.
Fuel-energy complex, high-technological industrial spheres, transport, communications, banking and financial sector are among the promising areas of cooperation between Turkmenistan and the European Union.
At present, Ashgabat is negotiating with the EU and Azerbaijan on the Trans-Caspian gas pipeline construction project, which could be a part of Nabucco transnational project.
Brussels hopes to diversify the sources of gas consumption through Caspian resources, most of which is ensured by Russia.