Turkmenistan, Russia Start Business Negotiations

A high-level group on trade and investment support, operating under the auspices of the intergovernmental Turkmen-Russian commission for economic cooperation, started its work in Ashgabat, the state agency Turkmen Dovlet Khabarlari (TDH) reports.

The delegation from the Russian Federation included heads of state structures, major enterprises and companies.

The cooperation of Turkmenistan with the regions of the Russian Federation, the Republic of Tatarstan, St. Petersburg, the Astrakhan and Sverdlovsk regions and other subjects, sees notable contribution from the leading companies of the Russian Federation - Vozrozhdenie, KAMAZ, Zarubezhneft, Siberia Airlines - to the implementation of Turkmenistan's national programs for the development of the industrial sector, in the field of construction and transport. With the participation of Russian capital, 190 economic entities and over 200 joint projects have been registered.

Opportunities are said to have opened with the consideration of large-scale programs aimed at diversifying the industrial sector, radical modernization of the relevant infrastructure, the introduction of high technology and the creation of science-intensive industries, the information says.

At this stage, priority is being given to the implementation of the Turkmen-Russian economic cooperation program for 2017-2019, which includes 80 different events and projects in the fields of trade, industry, energy, engineering, construction, agriculture, transport.

The strategic partnership agreement between Turkmenistan and Russia was signed following the official visit to Ashkhabad of Russian President Vladimir Putin in early October 2017. The two countries also outlined an action plan for the development of economic partnership. The agreement is expected to make better use of the geographical and infrastructure advantages of countries: in industry, transport and communications, energy, agro-industrial, in new technologies and in such areas as automotive, aircraft building, and shipbuilding.

Turkmenistan has confirmed its readiness to increase supplies of Turkmen agricultural products and textiles to Russia and to supply products of the oil and gas and chemical industries and consumer goods. The priority areas of cooperation are the banking-financial sector, support for export-import operations and joint foreign economic projects.

Dimitri Dolaberidze

08 March 2018 15:46