BAKU, Azerbaijan, April 29. Exploring the potential of green energy can open up opportunities for new sectors of cooperation between Turkmenistan and Belgium, a source in the Belgian Ministry of Foreign Affairs, Foreign Trade and Development Cooperation told Trend.
A source in the ministry noted that Turkmenistan intends to diversify its partnerships in the field of energy exports and explore the potential of green energy, which may open up opportunities for new sectors of cooperation with Belgium.
"Climate change and sustainable development goals are priorities for the Turkmen authorities. Belgian companies possess significant expertise and know-how in water management, energy efficiency, and environmental challenges. This could be interesting for future cooperation in this area," the source said.
Additionally, it was noted that some Belgian companies are currently actively working on or exploring opportunities in Turkmenistan.
The source in the ministry also added that Belgium hopes that Turkmenistan will continue its efforts to improve the business climate and transport links, as well as to diversify the economy.
Meanwhile, Eurostat data show that Turkmenistan and Belgium have been actively increasing their trade relations in recent years, supporting the growth of mutually beneficial trade turnover, totaling more than 104.7 million euros from the beginning of 2018 to the end of 2023.
The largest trade turnover between Turkmenistan and Belgium over these years occurred in 2022 (34 million euros) and the smallest in 2018 (8.13 million euros).