At the end of the meeting between the President of Turkmenistan and the Prime Minister of Singapore with the participation of official delegations, a package of documents aimed at enhancing bilateral cooperation was signed.
In particular, the foreign ministries of the two countries signed an intergovernmental agreement on the mutual removal of visa requirements for diplomats, employees and holders of official passports.
The intergovernmental agreement on the elimination of double taxation from income tax and on the prevention of non-payment of taxes is aimed at expanding trade and economic relations.
A Memorandum of understanding on legal cooperation between the Ministry of justice of Turkmenistan and the Ministry of internal Affairs of Singapore was also signed.
The package of bilateral documents also includes agreements and memorandums signed following the results of the joint business forum held in Singapore on August 26. Among them: the agreement on cooperation between the State Bank of foreign economic activity of Turkmenistan and the Association of banks of Singapore and the Agreement on cooperation between the State Bank of foreign economic activity of Turkmenistan and DBS Bank Ltd. (Development Bank of Singapore); Memorandum of understanding between the State concern "Turkmenhimiya" and the company of the Indorama Corporation Pte. Ltd.; Memorandum of understanding between the Ministry of textile industry and Indorama Corporation Pte Ltd; Memorandum of understanding between the chamber of Commerce and industry of Turkmenistan and the business Federation of Singapore.
A Memorandum of understanding was also signed between the Turkmen state Institute of Economics and management of the Institute of management development of Singapore.
A similar document was signed by the Ministry of industry and communications of Turkmenistan and the Singapore company Pacific International Lines Pte. Ltd., having agreed on cooperation in the field of transport and logistics.
Two memorandums of understanding were signed by the Union of Industrialists and entrepreneurs of Turkmenistan: with Vallianz Holdings and Sun Connect Pte. Ltd.