Russia, Turkmenistan to mull industrial co-op agreement
Ashgabat, Turkmenistan, Jan. 30
By Huseyn Hasanov– Trend:
Russian Prime Minister Dmitry Medvedev has instructed the country’s Ministry of Industry and Trade to hold talks with Turkmenistan and sign an agreement on industrial cooperation if the sides reach a concord, according to Russia’s official internet portal of legal information.
The purpose of the agreement is to create mutually beneficial competitive environment in the industrial production markets of Russia and Turkmenistan.
Russia and Turkmenistan plan to cooperate in this sphere to implement joint programs and projects in order to enhance competitiveness of enterprises of the two countries and facilitate the development of industrial cooperation.
It was previously reported that Turkmenistan adopted a state program on increasing the export volume of goods produced in the country and a state program on production of import-substituting products. Under these programs, it is planned to implement more than 110 projects aimed at the development of chemical industry, mechanical engineering, agriculture, construction sphere, light, food and other industries, as well as the formation of the domestic pharmaceutical industry.
Enterprises will be built to produce a wide range of construction, chemical, household and other products made from local raw materials.
Meanwhile, the economy is being diversified in Turkmenistan – the textile industry and the oil and gas processing industry have achieved progress.
Privatization is mainly carried out in the spheres of construction, trade, communications and services.