At the International Forum on Attracting Foreign Investments to Turkmenistan’s Economy (TEIF 2025), Kerimberdi Kurbanov, Acting Minister of Trade and Foreign Economic Relations of Turkmenistan, spoke about the prospects for further strengthening trade and economic cooperation with Malaysia. Turkmenistan’s national economy demonstrates steady growth due to the effective utilization of its rich natural, economic, and […]
Workshop in Ashgabat Addresses Foreign Trade Procedures in Uzbekistan
On 15–16 April, a two-day workshop titled “Foreign Trade Activities in the Republic of Uzbekistan: Customs Procedures for Import, Transit and Export of Goods” was held in Ashgabat. The event was conducted within the framework of the International Trade Centre (ITC) project “Turkmenistan: Enhancing Trade Resilience and Integration”, funded by the European Union (EU). The […]
Turkmenistan is an important trading partner of the UAE, says UAE Minister of State for Foreign Trade
A Turkmen delegation is taking part in the 14th Annual Abu Dhabi Investment Forum (AIM Congress). The forum, themed this year “Mapping the Future of Global Investment: The New Wave of a Globalised Investment Landscape – Towards a New Balanced World Structure”, is attended by about 20,000 delegates from 180 countries. On the sidelines of […]
India-Turkmenistan Bilateral Brief
Overview India was among the first countries to recognize Turkmenistan’s independence in December 1991. Formal diplomatic relations were established in April 1992 with opening of resident Mission of India in Ashgabat in January 1994. Historical Background 2. India and Turkmenistan share historical and civilizational linkages, established by archaeological evidence that contacts existed between the Indus […]
US Imposes 27% Reciprocal Duty on Kazakh Products
U.S. President Donald Trump announced a 10% minimum tariff on most goods imported to the United States and higher rates on dozens of trading partners, including a 27% reciprocal tariff on imports from Kazakhstan, during an April 2 speech at the White House Rose Garden. According to Trump, the higher tariffs were calculated by taking […]
Meeting of the Turkmen-Armenian intergovernmental commission – agenda and outcomes
On 26 March 2025, the 10th meeting of the intergovernmental commission for economic cooperation between Armenia and Turkmenistan took place in Yerevan. David Khudatyan, the Minister of Territorial Administration and Infrastructure of Armenia, and Batyr Amanov, the Deputy Chairman of the Cabinet of Ministers of Turkmenistan, co-chaired the session. A protocol was signed following the […]
Iran-Turkmenistan Economic Consortium: A New Step Towards Developing Bilateral Trade
In line with strengthening economic cooperation between Iran and Turkmenistan, a special economic consortium for the development of exports and trade exchanges has been established with the support of the Iran-Turkmenistan Joint Chamber of Commerce. This initiative, which has been widely welcomed by economic actors, creates a valuable opportunity to organize trade, facilitate investment, and […]
Uzbekistan and Turkmenistan introduce a free trade regime
Since 25 February 2025, a free trade regime has been introduced between Uzbekistan and Turkmenistan. According to the Ministry of Investment, Industry and Trade of Uzbekistan, the bilateral implementation of the necessary procedures has been completed for the entry into force of the Protocol on Exemptions from the Free Trade regime to the Agreement between […]
ECO Facilitates Talks on Iran-Turkmenistan Joint Trade Zone
The Economic Cooperation Organization Secretariat hosted the First Bilateral Meeting of the Sub-Working Group under the Working Group on establishing the ECO Joint Trade Zones. The meeting brought together the representatives of the relevant Ministries and Agencies of Turkmenistan and the Islamic Republic of Iran to discuss various aspects of establishing a Joint Trade Zone […]
Neutrality and economic development: Turkmenistan shares its experience at the WTO event “Building Resilience through Trade”
On February 17, 2025, the event “Building Resilience through Trade: Engagement for Sustainable Peace” was held at the headquarters of the World Trade Organization (WTO). It was organized by the Permanent Mission of Turkmenistan in Geneva in cooperation with the Interpeace Building platform. The session focused on the interconnection between economic development, sustainable peace, and […]
Online sales of Azerbaijani products launch in Turkmenistan
Online sales of “Made in Azerbaijan” products are now launched in Turkmenistan. Azerbaijani products are now available for purchase through three major online platforms in Turkmenistan – “GiperTM”, “Ynamdar”, and “AshgabatMarket”. These platforms are known for their large consumer base. The initial offerings include a wide range of high-quality products such as teas, jams, juices, […]
Turkmenistan Boosts Agricultural Exports
An analysis of customs statistics for 2024 indicates a significant increase in the export of goods from Turkmenistan. Notably, there has been a substantial rise in the supply of agricultural products, which holds a leading position in the country’s export structure. One of the key export products has been greenhouse tomatoes. During the reporting period, […]
Afghanistan’s Trade with Central Asia Reaches $1.6 Billion
The Ministry of Industry and Commerce has announced that Afghanistan’s trade with five Central Asian countries has reached a total value of $1.696 billion during the current solar year (March 2024 to March 2025), TOLOnews reported. According to ministry spokesperson Akhundzada Abdul Salam Jawad, exports accounted for $112 million of this trade volume, while imports […]
EU-Turkmenistan Partnership: Summing up the achievements, we look to the future
On 24 January, the European Union Delegation to Turkmenistan and the Ministry of Foreign Affairs of Turkmenistan held a joint press conference to reflect on the their partnership in 2024 and to outline strategic priorities for the year ahead. The event brought together local and international media, representatives from Turkmen ministries and agencies, and coordinators […]
The Global E-Commerce Landscape: Trends, Growth, and Opportunities
Global E-Commerce Market Volume and Growth In 2024, the global e-commerce market has reached an impressive milestone, with total sales volumes estimated at approximately $6.3 trillion. This represents a year-over-year increase of around 9.4% from 2023, demonstrating the continued robust growth of online retail and digital commerce platforms. The steady expansion reflects the increasing consumer […]
The Iranian Ambassador notes the importance of trade relations with Turkmenistan
From the point of view of trade, Turkmenistan is one of the promising markets for Iran, Iran intends to continue developing a new stage of relations between the two countries, Iranian Ambassador to Turkmenistan Ali Mojtaba Rouzbehani said at a meeting with Governor of Khorasan Razavi province Gholamhusein Mazfari. The meeting took place in the […]
Iranian President’s visit to Tajikistan: Economy, security and regional issues in focus
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 […]