BAKU, Azerbaijan, March 6. Turkmenistan and Russia are showing active dynamics in expanding bilateral trade, Ambassador Extraordinary and Plenipotentiary of Russia to Turkmenistan Ivan Volinkyn told Trend.
"Over the past five years, Russia has been one of Turkmenistan's main trading partners with an annual turnover exceeding $1.6 billion. At the same time, the supply of Turkmen products to the Russian market is constantly increasing: imports of textiles and food products to Russia have almost doubled," Volinkyn said.
According to him, economic relations between the two countries are being discussed at a consistently high level, including within the framework of a specially created Intergovernmental Russian-Turkmen Commission.
"The first Russian-Turkmen Business Forum was held in Ashgabat in January 2023. This indicates the high business activity of entrepreneurs and the mutually beneficial nature of doing business," he stressed.
The Ambassador stressed that the best guideline for Russian investors is the strategy of Turkmenistan until 2052, which defines the vector of socio-economic development of the country for the long term.
"Within the framework of medium-term programs, Turkmenistan provides for increased investments in the development of new innovative industries, agricultural reform with an eye to the production of environmentally friendly products, the formation of transport and logistics corridors and the modernization of the fuel and energy complex. This approach contributes to the joint implementation of infrastructure projects and the expansion of bilateral trade between our countries," Volinkyn added.
Meanwhile, Russia is Turkmenistan's leading partner in terms of trade turnover among the countries of the Commonwealth of Independent States (CIS).
Within the framework of this partnership, an active exchange of various goods and services is carried out, including energy carriers, machine-building products, as well as food and agricultural products.