Turkmenistan, Germany ratify agreement
Ashgabat, Turkmenistan, Oct. 18
By Huseyn Hasanov– Trend:
The Turkmen parliament and the Federal Republic of Germany ratified the agreement on the avoidance of double taxation with respect to taxes on income and property, the Turkmen government said in a message.
According to the message, the document was approved at the meeting of the parliament of the fifth convocation.
The signing ceremony was held as part of Turkmen President Gurbanguly Berdimuhamedov’s two-day visit to Germany August 29-30, 2016.
Some 167 investment projects and contracts with German capital totaling $540 million and around 555 million euros were registered in Turkmenistan.
German companies, namely, Siemens, Daimler, Claas, Rohde & Schwarz, Dresser-Rand, greatly contribute to the implementation of the long-term projects in Turkmenistan.
The trade turnover volume between Turkmenistan and Germany amounted to $306 million in 2015.