ASHGABAT, Turkmenistan, April 29. Turkmenistan and the Republic of Tatarstan of the Russian Federation increased the volume of trade turnover by 13 percent by the end of 2023, Trend reports.
Rustam Minnikhanov, President of the Republic of Tatarstan, made this statement during a meeting in Ashgabat with Turkmen President Serdar Berdimuhamedov.
"For many years, Tatarstan's leading enterprises have operated successfully in Turkmenistan. Our trade turnover climbed by 13 percent last year, reaching $52 million," he said.
The meeting highlighted the potential for increasing cooperation between Turkmenistan and Tatarstan in the field of gas transportation, oil production, automobile, aircraft and shipbuilding, as well as agriculture and energy.
As part of Turkmenistan and the Republic of Tatarstan's desire to strengthen economic ties and expand trade partnerships, the emphasis is on multilateral and mutually beneficial initiatives such as the exchange of oil and gas industry expertise, the development of infrastructure and transportation routes, and the promotion of investments and business partnerships.
Within the framework of this strategic cooperation, special attention is also paid to creating favorable conditions for the development of small and medium-sized businesses, as well as the exchange of experience in the fields of education and culture, contributing to deep mutual understanding and further strengthening friendly relations between both sides.