Trade turnover between Turkmenistan and Uzbekistan has tripled over the past few years
15:25 05.10.2021 5815
(Photo: Sputnik Uzbekistan)
Trade turnover between Turkmenistan and Uzbekistan has tripled over the past few years, Minister of Investment and Foreign Trade of the Republic Sardor Umurzakov said at the Turkmen-Uzbek Economic Forum on Monday, Sputnik Uzbekistan news agency reported.
It was also noted that for eight months of this year, trade between neighboring states increased by 25% and amounted to USD 418.1 million.
During the meeting, Umurzakov said that this year Uzbekistan became the beneficiary of the EU's GSP+ system of preferences, which allows importing more than 6 thousand different types of goods to Europe duty-free. As he mentioned, entrepreneurs of the two countries can jointly use this opportunity to jointly develop industry and exports.
According to statistics, in 2020 the trade turnover between the two countries amounted to 527 million USD.
Within the framework of the Ashgabat agreement, both countries participate in the creation of sub-regional transport corridors Russia-Kazakhstan-Uzbekistan-Turkmenistan-Iran-Oman-India and China-Central Asia-Caspian-South Caucasus-Europe, which allows direct access to foreign markets.
The President of Turkmenistan and the Vice President of the UAE noted the active dynamics of cooperation in the energy, oil and gas and other spheres
The development of bilateral cooperation was discussed at a meeting on February 21 between the President of Turkmenistan Serdar Berdimuhamedov and the Vice President, Deputy Prime Minister, Minister of the Presidential Administration of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, who arrived in our country on a visit, TDH reports.
Dynamic development of national investments is carried out at the fields of Turkmenistan
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
UAE President invited to Ashgabat for International Forum of Peace and Trust
Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov extended an invitation to UAE President Sheikh Mohammed bin Zayed Al Nahyan to attend the International Forum of Peace and Trust, which will be held on December 12 in Ashgabat, TDH reports.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.