From 15 to 17 January, Iranian President Masoud Pezeshkian was on a state visit to Tajikistan. On January 16, Pezeshkian had summit talks with Tajik President Emomali Rahmon in Dushanbe, which resulted in the signing of 23 documents. The signed memoranda and programs cover a wide range of areas, including cooperation between the Ministries of […]
Kazakhstan mainstreaming e-commerce through legislative adjustments – volumes grow
Kazakhstan continues to structuralize the space for e-commerce, protecting the interests of the consumers and creating a level playing field for all. The sector is thriving. Kazinform reports that the Ministry of Trade and Integration of the Republic of Kazakhstan plans to tighten requirements for online platforms. The head of the department, Arman Shakkaliev, commented […]
Iran’s exports of goods through the Serakhs railway station on the border with Turkmenistan increased by 6%
In the first 9 months of the current Iranian calendar year (started on 21 March 2024), exports of goods from Iran through the Serakhs railway station on the border with Turkmenistan increased by 6% compared to the same period last year, IRNA news agency reported, citing Mustafa Nasiri, Director General of the Khorasan Provincial Railway. […]
JOINT STATEMENT between Malaysia and Turkmenistan on the occasion of the Official Visit of His Excellency Serdar Berdimuhamedov, President of Turkmenistan to Malaysia
1. The President of Turkmenistan, His Excellency Serdar Berdimuhamedov, undertook an Official Visit to Malaysia from 18 to 19 December 2024 at the invitation of the Prime Minister of Malaysia, the Honourable Dato’ Seri Anwar Ibrahim. 2. This is the first visit of President Serdar Berdimuhamedov, to Malaysia and served to reaffirm the strong relations […]
President of Turkmenistan Serdar Berdimuhamedov paid an official visit to Malaysia – outcomes
On the second day of the official visit to Malaysia – on 19 December 2024 – summit talks were held in Kuala Lumpur between President of Turkmenistan Serdar Berdimuhamedov and Prime Minister of Malaysia Anwar Ibrahim. Negotiations in a narrow format Traditionally, the negotiations were initially held in a narrow format. At the beginning of […]
Turkmenistan and Malaysia strengthen cooperation in various fields – new agreements inked in the field of education
Within the framework of the official visit of the President of Turkmenistan to Malaysia, members of the Government delegation met with their Malaysian counterparts in Kuala Lumpur, where key issues of bilateral cooperation in various areas were discussed. The parties noted the positive dynamics of the development of interstate relations, which are enhanced by regular […]
Leveraging eCommerce for Service-Based Businesses
Introduction to Services in eCommerce eCommerce has evolved far beyond traditional retail, offering powerful opportunities for service-based businesses to expand their reach and transform their online presence. Contrary to popular belief, an eCommerce platform is not limited to selling physical products but can be an incredibly versatile tool for service providers across various industries. The […]
Mutual investments of Türkiye and Turkmenistan exceeded US $ 200 million
The mutual investments between Turkmenistan and Türkiye exceeded US $ 200 million. This is reported in a press release from the Turkish Ministry of Trade on the meeting of Minister Ömer Bolat with President of Turkmenistan Serdar Berdimuhamedov. During the meeting, the parties discussed the current state and prospects for the development of trade and […]
The President of Turkmenistan received the Minister of Trade of Türkiye
On Wednesday, 4 December, President of Turkmenistan Serdar Berdimuhamedov received Turkish Minister of Trade Ömer Bolat, who arrived in Ashgabat to participate in the Exhibition of Turkish Export Goods. At the beginning of the meeting, Bolat conveyed greetings to the President, as well as to the National Leader of the Turkmen people, Chairman of the […]
Türkiye is determined to strengthen and diversify partnership with Turkmenistan, says Minister Ömer Bolat
Trade Minister of Türkiye Ömer Bolat took part in the opening of the 11th Exhibition of Turkish Export Goods in Ashgabat. “We are determined to continue our efforts to develop economic and commercial relations with our friendly and brotherly country, Turkmenistan, to increase mutual investments, and to reach a bilateral trade volume of $5 billion,” […]
International Islamic Trade Finance Corporation and ESCAP join forces in effort to grow export opportunities through Investment Promotion Agencies in Central Asia
The International Islamic Trade Finance Corporation (ITFC) and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have embarked on the implementation of a strategic partnership for a project under the Trade Connect Central Asia+ (TCCA+) Program in the region: “Boosting Exports through Foreign Direct Investments (FDI)”. The project complements ITFC’s […]
Trade and economic ties, expansion of air links and higher education: The new Ambassador of Belarus to Turkmenistan shared on the future development of Turkmen-Belarusian relations
Stanislav Chepurnoi has been appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Turkmenistan. The corresponding decision was made by President Alexander Lukashenko, the BelTA news agency reports. Until now, Stanislav Chepurnoi served as Head of the Department of International Cooperation and Trade of the Office of the Council of Ministers of the […]
Strengthening trade and economic ties in the region: Turkmenistan, Uzbekistan and Tajikistan are developing an AEO agreement
Recently, Chairman of the State Customs Service of Turkmenistan Maksat Khudaikulyev met with Executive Secretary of the International Center for Transport Diplomacy Igor Runov. The meeting focused on the issue of concluding a trilateral Agreement on mutual recognition of Authorized Economic Operators (AEO) with the participation of Turkmenistan, Uzbekistan and Tajikistan. The implementation of this […]
Top E-Commerce trends in 2024
Global e-commerce sales are projected to see significant growth in the next few years, with sales projected to reach $8.1 trillion in 2026 and account for 20.6% of all retail sales globally by 2027. With this anticipated growth, retailers are looking for ways to keep pace with the competition by adopting new technologies and strategies […]
Kazakhstan and France expand cooperation in the field of critical resources and investments – $2.2 billion deals signed
President Kassym-Jomart Tokayev of Kazakhstan concluded a two-day state visit to France on 5 November 2024. The visit resulted in the signing of a comprehensive package of 36 documents, including 14 commercial agreements valued at $2.2 billion. The set of documents also includes 1 intergovernmental and 21 interdepartmental agreements. One of the landmark documents signed […]
The Ministry of Economic Development of Russia: trade turnover with Turkmenistan has increased by almost 50%
Russia and Turkmenistan discussed issues of bilateral cooperation in the fields of energy, transport, state cadastre and cartography, healthcare, education, engineering geology and regional cooperation. Relevant sectoral negotiations were held in Ashgabat as part of a meeting of the co-chairs of the Intergovernmental Russian-Turkmen Commission on Economic Cooperation, the Ministry of Economic Development of Russia […]
Turkmenistan: Trade single window eases transit, powers growth
Turkmenistan, once a crucial transit point on the ancient Silk Road linking the East and the West, is writing a new chapter in bolstering modern connectivity and global trade. The country’s single window system for trade, implemented with UN Trade and Development (UNCTAD) support, integrates 22 government agencies responsible for clearing cross-border consignments into one […]
Kazakhstan and Afghanistan Target $3 Billion in Trade
Kazakhstan and Afghanistan have signed a partnership roadmap aimed at boosting bilateral trade to a value of $3 billion. The agreement was inked by Deputy Prime Minister Serik Zhumangarin and Minister of Trade and Industry Nooriddin Azizi during bilateral business forum in Almaty on 22 October. The roadmap outlines a broad range of cooperation areas, […]
UNDP and Partners Hold Webinars on Turkmenistan’s Accession to the WTO
Ashgabat, October 15-16, 2024 – The United Nations Development Programme (UNDP), in collaboration with the Ministry of Finance and Economy of Turkmenistan, organized a series of webinars as part of the joint project “Partnering for SDG Acceleration, Phase III,” aimed at preparing the country for accession to the World Trade Organization (WTO). The first webinar, […]
Over 80 Companies from Mongolia and Turkmenistan participated in Joint Business Forum in Ashgabat
As part of the state visit of President of Mongolia Ukhnaa Khurelsukh to Turkmenistan, a Mongolian-Turkmen business forum and a meeting of entrepreneurs were held in Ashgabat on 12 October. The forum was opened by Duuren Tumenjargal, Executive Director of the Mongolian Chamber of Commerce and Industry, Mergen Gurdov, Chairman of the Turkmen Chamber of […]
Kazakh-Turkmen Business Council discussed prospects for cooperation
On 8 October, a meeting of the Kazakh-Turkmen Business Council was held in Ashgabat. The meeting brought together representatives of the business circles of both countries. The sides discussed new initiatives and projects in sectors such as energy, transport, logistics and agriculture, the Foreign Trade Chamber of Kazakhstan reports. The Co-chairman of the Kazakhstan’s part […]
UK Goods Trade with Turkmenistan Rises, but Services Trade slightly declines
The total volume of trade turnover between the UK and Turkmenistan for the period from April 2023 to March 2024 amounted to £53 million, a decrease of 5.4%, or £ 3 million pounds in current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Iran becomes a trade hub for agricultural exporters from Central Asia
In the medium term, we should expect Iran’s regional role to grow and cargo flows to increase. Today, Central Asian countries consider Iran as a trade hub that will increase exports to Africa and the Middle East. Berik Bulekbayev, an expert consultant to the UNECE, the World Bank, and an honorary railwayman, said this during […]
Trade turnover between Turkmenistan and Bulgaria grew by 600% – Ashgabat and Sofia intend to intensify economic cooperation
Despite the significant growth in trade between Turkmenistan and Bulgaria, there is untapped potential for further economic cooperation. This was the focus of a recent meeting between Turkmenistan’s Ambassador Esen Aydogdiyev and Bulgarian Minister of Economy and Industry Petko Nikolov. According to Bulgaria’s Ministry of Economy and Industry, bilateral trade has surged this year. In […]
President Serdar Berdimuhamedov met with German businessmen – The promising areas of the Turkmen-German partnership outlined
On 17 September 2024, in Astana, President of Turkmenistan Serdar Berdimuhamedov met with representatives of German business circles. During the meeting, the head of state announced several projects in which Turkmenistan is seeking proposals from German partners. Transport In the transportation and communications sectors, Turkmenistan is open to exploring the use of its Caspian Sea […]
Central Asia-Jiangsu Trade Center Opens in Nanjing, Boosting Regional Trade
On September 12, the opening of the Central Asia – Jiangsu Trade Center took place in the Chinese city of Nanjing, Jiangsu Province. The multi-storey Center is a multifunctional platform for Central Asian businesses to enter the Chinese market, according to the Ministry of Trade and Integration of Kazakhstan. The Central Asia-Jiangsu Trade Center will […]
Armenia’s business mission to Almaty: Strengthening economic ties and new transport routes via Turkmenistan and Iran
Almaty recently hosted an important event for business cooperation between Kazakhstan and Armenia — 50 Armenian entrepreneurs visited Kazakhstan with a business mission. The event, organized by the Diplomatic Club “Astana” in collaboration with the embassies of both countries, was aimed at strengthening constructive dialogue between the countries, creating additional opportunities for building business ties, […]
International Trade Center Opened at Uzbek-Afghan border – Expected annual trade turnover is USD 1.2 billion
The International Trade Centre was opened on 29 August 2024 at Termez, the border town between Uzbekistan and Afghanistan. It is located on the Uzbek territory. The sprawling complex covers an area of 36 hectares. The project cost was USD 70 million. The centre will play an important role in the development of trade and […]
Turkmenistan-Tatarstan Cooperation Growing Exponentially
nCa Report The cooperation between Turkmenistan and Tatarstan, the largest component republic of the Russian Federation is expanding exponentially. This was evident at the recently-held ninth meeting of the Joint Turkmen-Tatarstan Working Group on Trade, Economic, Scientific, Technical and Cultural Cooperation. Here are the outcomes: [There is some duplication because of material from various sources] […]
Warehouse space deficit in Central Asia estimated at 20 million m²
There is an acute shortage of warehouse space in Central Asia, which leads to a situation of zero vacancy in the market. According to Stanislav Akhmedzyanov, Managing Partner of IBC Global, the deficit of modern warehouse facilities in the region is measured in tens of millions of square meters. “If you need a high-quality modern […]
Turkmenistan and Iran are preparing to establish joint trade zone
Turkmenistan and Iran are preparing to establish a joint trade zone. It will be located Incheh Borun n the Golistan province of Iran. It is a small town with population of about 2000. Nevertheless, it is strategically important as the Kazakhstan-Turkmenistan-Iran railway line enters Iran at this point. An area of 12577 hectares (about 125 […]
Seminar on classification of goods in accordance with the Harmonized commodity description and coding system implemented in Turkmenistan
In Ashgabat, on August 21-22, the EU-funded Border Management Programme in Central Asia (BOMCA 10) jointly with USAID TCA organised seminar on classification of goods in accordance with the Harmonized Commodity Description and Coding System, developed by WCO. This activity is aimed at providing assistance to the State Customs Service of Turkmenistan in building its […]
Responsible Packaging and Roots of Brand Loyalty
nCa Report Brand loyalty is a flexible concept. — At some level, it is not perhaps even loyalty; it is possibly a force of habit. Nevertheless, there are two main reasons why we go for a particular brand: 1. It is actually good; and/or 2. Our favourite celebrity or influencer recommends it. Let us try […]
Rise of E-commerce in Central Asia creates more space for China
E-commerce is rising fast in Central Asia and this has created additional space for China. According to the People’s Daily of China, approximately nine million parcels are exchanged between China and countries around the world daily, making it easier and faster for consumers to “buy globally.” Over the past five years, the scale of China’s […]
Kazakhstan and Turkmenistan strengthen economic cooperation: Kazakh-Turkmen Trade Grew by Nearly a Third
On 9 August 2024, First Deputy Prime Minister of the Republic of Kazakhstan Roman Sklyar met with Deputy Chairmen of the Cabinet of Ministers of Turkmenistan Batyr Atdaev and Baymyrat Annamammedov in Astana. During the meeting, the sides exchanged views on the economic situation in Kazakhstan and Turkmenistan, discussed the current status and prospects for […]
The development of the trade sector is a factor in strengthening the national economy
TDH Commentary Turkmenistan’s trade policy is one of the key factors of the country’s economic development and its foreign policy relations. The growth of trade turnover in the domestic market is evidence of the successful implementation of the tasks set for the sphere of trade, as well as improving the welfare and social standard of […]
The delegation of Turkmenistan visited the Republic of the Philippines
On 2 August 2024, as part of the visit of the delegation of Turkmenistan to the Republic of the Philippines, political consultations between the foreign ministries of Turkmenistan and the Republic of the Philippines took place in Manila. The Turkmen delegation was led by Deputy Minister of Foreign Affairs Ahmet Gurbanov, while the Philippine side […]
Single Window Boosts Turkmenistan’s Trade with Neighbors
Turkmenistan’s trade turnover with neighboring countries has surged following the implementation of a Single Window system for export-import operations, according to the State Customs Service. In the first half of 2024, trade with Iran grew by 35%, Afghanistan increased by 27%, and Uzbekistan posted a 19% growth compared to the same period in 2023. Marine […]
Turkmenistan launches a Single Window system for export and import operations – dedicated website created
Turkmenistan has launched a Single Window system for export and import operations, streamlining the process for businesses. The State Customs Service coordinates this initiative, offering a central web portal called “Single Window for Export-Import Operations”. https://tradebridge.gov.tm/en This user-friendly system allows participants in foreign economic activity to submit information about goods or vehicles crossing the […]
Turkmenistan and Türkiye plan high and highest level visits this year
On July 26, 2024, the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Türkiye Mekan Ishangulyev met with the Deputy Minister of Foreign Affairs of the Republic of Turkey Ayşe Berris Ekinci. During the meeting, the parties discussed the current state and prospects for the development of bilateral political, trade, economic, cultural and humanitarian cooperation. Particular […]
Visit of the Minister of Foreign Affairs of Turkmenistan to Pakistan
Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rashid Meredov is on a visit to Pakistan. On 23 July 2024, he held a number of meetings, including with the President of Pakistan and the Prime Minister. Bilateral political consultations were also held on the same day. As is obvious from the press materials, […]
H1 2024: the trade turnover between Turkmenistan and Uzbekistan exceeded $ 600 million
In the first half of 2024, the mutual trade turnover between Turkmenistan and Uzbekistan amounted to US $ 614.2 million. Compared to the same period last year, the growth rate amounted to almost US $ 170 million, according to the Statistics Agency under the President of Uzbekistan. As a result, Turkmenistan took the sixth place […]
Alongside TAPI gas line route: Crucial regional rail project on the cards
Pakistan and Turkmenistan are likely to announce next week, the construction of a railway line along the route of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project to enhance regional connectivity and provide a reliable transportation link between the two countries, well-informed sources told Business Recorder. This announcement is part of the decisions to be taken at […]
Uzbekistan and Kyrgyzstan Pledge Deeper Ties: Political Dialogue and Industrial Growth Top Agenda of the Summit talks in Tashkent
On 18 July 2024, President Shavkat Mirziyoyev of Uzbekistan and President Sadyr Japarov of Kyrgyzstan held summit talks in Tashkent. The main political document of the visit was the Joint Statement on further deepening and expanding the relations of a comprehensive strategic partnership signed by the heads of state. A key outcome was the establishment […]
Uzbekistan-Turkmenistan Business Council Convenes and “Made in Turkmenistan” Exhibition opens in Tashkent
On 15 July 2024, Tashkent hosted the fourth meeting of the Turkmenistan-Uzbekistan Business Council, coinciding with the “Made in Turkmenistan” exhibition, according to UzDaily.uz. The council was chaired by Dilshod Rasulov, Deputy Chairman of Uzbekistan’s Chamber of Commerce and Industry, and Mergen Gurdov, Chairman of Turkmenistan’s Chamber of Commerce and Industry. The meeting brought together […]
Ready4Trade and Central Asia Invest Projects Conclude, Paving the Way for Increased Trade and Investment in Central Asia
On June 26, 2024, Almaty hosted the final meeting for the EU-funded Ready4Trade (ITC) and OECD-led Central Asia Invest projects, marking the culmination of years-long efforts to streamline trade procedures, boost investment, and solidify economic cooperation within Central Asia. The event brought together deputy heads from government agencies across Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. […]
Turkmenistan Ready to Boost Trade and Transit with Afghanistan
On 25 June, the Consul General of Turkmenistan in Herat Batyr Yolov met with Governor Noor Ahmad Islamjar. During the meeting, Nur Ahmad Islamjar noted that the Afghan side is interested in intensifying cargo transportation along the Afghanistan-Turkmenistan-Kazakhstan-China route, and establishing exports of Afghan fruits and vegetables and dry fruits to Turkmenistan. In turn Yolov […]
Integration in world economy could boost Central Asia’s trade
Countries in Central Asia can foster closer regional ties and increase trade amongst one another if they are all members of the World Trade Organization (WTO). This emerged at the second Central Asia Trade Policy Forum, held from 3-5 June 2024 in Almaty, Kazakhstan. It brought together senior representatives of the five Central Asian countries […]
Uzbekistan, Korea Forge $9.6 Billion worth package of investment deals, Launch a new model of high-tech and innovative cooperation
Following a summit in Tashkent on June 14, 2024, President Yoon Suk Yeol of Korea and President Shavkat Mirziyoyev of Uzbekistan signed a series of agreements ushering in a “New Era of High-Tech and Innovative Cooperation” between the two nations. These agreements span vital sectors including critical minerals, rail transportation, agriculture, finance, and pharmaceuticals. “A […]
Kazakhstan Sees $120 Million Export Potential to Turkmenistan
During the meeting in Astana on 13 June 2024, Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev and Minister of Trade and Foreign Economic Relations of Turkmenistan Begench Gochmollayev exchanged views on a wide range of issues related to the development of trade and economic relations between the two countries. According to Kazakhstan’s Ministry […]