On 11 June 2024, a Turkmen-Korean business Forum was held in Ashgabat with the participation of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov and President of the Republic of Korea Yoon Suk Yeol. More than 200 representatives of the public and private sectors took part in the forum. […]
Turkmenistan and Korea held an online meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation
On June 3, 2024, Turkmenistan and Korea convened the 9th meeting of their Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation via videoconference. Rakhimberdy Djepbarov, Chairman of the Turkmen State Bank for Foreign Economic Affairs, led the Turkmen delegation. The Korean side was represented by Minister of Trade, Industry and Energy Dukgeun Ahn. Discussions […]
Turkmenistan: New Opportunities For the Italian Textile Machinery Industry
From June 24 to 28, a delegation of Italian textile machinery manufacturers will be engaged in Turkmenistan for an institutional mission organized by ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency. The delegation will have some institutional and commercial meetings scheduled in Ashgabat. For the Italian textile machinery industry, the Turkmen […]
Iranian Business Delegation Explores Opportunities in Ashgabat
A 50-member Iranian business delegation, led by Ramezan Bahrami, Chairman of the Joint Turkmen-Iranian Chamber, visited Ashgabat to explore economic opportunities in Turkmenistan. According to the Iranian Embassy in Turkmenistan, the delegation held meetings with government officials, private sector representatives, and entrepreneurs. On the first day, the delegation, accompanied by Ambassador Ali Mojtaba Rozbahani, met […]
Putin’s visit to Tashkent – Uzbekistan and Russia to implement new cooperation projects worth $20 billion
On 27 May 2024 in Tashkent, President of Uzbekistan Shavkat Mirziyoyev and President of Russia Vladimir Putin chaired the first meeting of the Council of Regions of Uzbekistan and Russia. The forum became part of Putin’s three-day state visit to Uzbekistan. “Currently, over 200 joint projects worth $4 billion are being implemented at the regional […]
Kazakhstan and Turkmenistan FMs held talks in Astana – transport, trade & economic relations under the spotlight
On Monday, 27 May 2024, negotiations were held in Astana between Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu and Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov, MFA Kazakhstan reports. The ministers reviewed a wide range of cooperation areas, including political ties, trade, […]
Growing partnership between Kazakhstan and Singapore may become a bridge between Southeast Asia and Central Asia
On 23-24 May 2024, President of Kazakhstan Kassym-Jomart Tokayev paid his first state visit to Singapore, a country that is a strategic partner of Kazakhstan in Southeast Asia. This was the first visit in more than 20 years, but not the first visit for Tokayev personally. He previously served as a young diplomat in Singapore […]
President of Turkmenistan met with the Prime Minister of Kazakhstan
President Serdar Berdimuhamedov of Turkmenistan met with Prime Minister Olzhas Bektenov of Kazakhstan on 24 May 2024. Prime Minister Bektenov was in Turkmenistan for the regular meeting of the Council of Heads of Government of the Commonwealth of Independent States (CIS). The discussion encompassed a broad range of topics of the bilateral relationship. The sides […]
Trade and economic cooperation, humanitarian and regional ties under the spotlight at the meeting of Turkmenistan President and Russian Prime Minister
On Friday, 24 May 2024, President of Turkmenistan Serdar Berdimuhamedov received Chairman of the Government of the Russian Federation Mikhail Mishustin. During the meeting, the parties discussed prospects for the development of a wide range of cooperation, including in the economic and humanitarian spheres. “The growth of our trade and economic cooperation continues steadily. In […]
Situation of e-commerce in Central Asia
The Daryo.uz news service of Uzbekistan published on 13 March 2024 a report on the ecommerce situation in Central Asia. Here, we are reproducing the report in full: Central Asian countries consider establishing dedicated bank accounts for e-commerce transactions The e-commerce sector in Central Asia reached a value of $8bn in 2022, as per IMARC Group, a […]
More Diversified Trade Can Make Middle East and Central Asia More Resilient
Jihad Azour Dislocations from the pandemic, geoeconomic fragmentation, and Russia’s war in Ukraine have shifted world trade dynamics. While this has created challenges, the redirection of trade has also generated new opportunities, particularly for the Caucasus and Central Asia. Since the war began, the region’s economies have shown continued resilience and trade activity in many […]
E-Commerce in Turkmenistan turning the corner
The ecosystem of e-commerce in Turkmenistan is turning the corner. Consumer confidence, the central element for success in the digital marketplace, is rising fast. Statista estimates that the volume of ecommerce in Turkmenistan will reach about USD 370 million this year. The projected annual growth is 8.06%, which will bring the trade volume of ecommerce […]
Turkmenistan will buy construction steel and marble from Afghanistan
Turkmenistan will buy sizeable quantities of construction steel bars and marble from Afghanistan, reports the Afghan media. Nooruddin Azizi, acting minister of commerce and industry of Afghanistan, told the local media in Kabul on 7 May 2024 that agreements have also been made for the export of 150,000 tons of steel bars and 100,000 cubic […]
Turkmenistan and Türkiye Move Towards Smoother Trade
On 6 May 2024, representatives from Turkmenistan’s State Customs Service and Türkiye’s Ministry of Customs and Trade met online. The meeting discussed a draft agreement for a Simplified Customs Corridor (CPC) and a protocol establishing a Joint Customs Committee, according to Turkmenistan’s State Customs Service. The CPC would enable Turkmenistan and Türkiye to electronically exchange […]
Turkmenistan and Afghanistan discuss expansion of trade relations
On 4 May 2024, a delegation of the private sector of Turkmenistan led by Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan Nokerguly Atagulyev visited Herat province to discuss issues of expanding trade relations between the two countries, the Embassy of Turkmenistan in Kabul reports. During the visit, the Turkmen delegation met with […]
Turkmenistan and Kazakhstan may expand trade through building materials and industrial products supplies
On 2 May 2024, Turkmenistan Ambassador Batyr Rejepov met with Kanat Sharlapayev, Kazakhstan’s Minister of Industry and Construction. Building upon the success of their strategic partnership, trade volume reached $563 million in 2023, reflecting a significant 22.5% increase compared to the previous year (according to Kazakhstan’s Ministry of Industry and Construction). During the meeting, the […]
International Islamic Trade Finance Corporation (ITFC) launches landmark Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum
The International Islamic Trade Finance Corporation (ITFC), member of Islamic Development Bank Group, is delighted to announce the launch of its newest flagship Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum. The aim of the Program is to facilitate economic growth and regional economic integration amongst the six Organisation of […]
Iranian Chamber Sees Untapped Potential in Trade with Turkmenistan
The trade turnover between Iran and Turkmenistan stands at US $ 450 million. However, bilateral trade between the two neighboring countries has significant potential. This was stated by the President of the Iranian Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) Samad Hassanzadeh in Tehran at a meeting on Saturday (27 April) with the Chairman […]
Jana Post of Kazakhstan is a success story in e-commerce in Central Asia
E-Commerce is not a novelty in Central Asia anymore. It has been embraced by the mainstream society. However, the activity at e-commerce platform, though robust, is mostly on the local scale. The expansion is constrained by two factor: 1. The limited geography of first-mile-collection and last-mile-delivery services; and 2. Lack of unified payment gateway solutions. […]
24,000 companies with Russian capital operate in Central Asian countries
At the Innoprom Central Asia exhibition in Tashkent, Russia’s Deputy Prime Minister, minister for industry and trade Denis Manturov emphasized the growing economic ties between Russia and Central Asia. He revealed that over 24,000 companies with Russian capital operate in the region, with combined investments exceeding $38 billion. According to the government representative, Russia retains […]
Kazakhstan and Kyrgyzstan Boost Trade Ties with $300 Million Deal
Business leaders from Kazakhstan and Kyrgyzstan struck a series of agreements worth $300 million during a major business forum held in Astana on 17 April 2024 The Ministry of Trade and Integration of the Republic of Kazakhstan reported this positive development. These deals encompass a variety of projects, including construction of solar power plants, development […]
Arkadag Berdimuhamedov is on an official visit to Tajikistan – Turkmenistan and Tajikistan outline promising areas of cooperation
On 4-5 April 2024, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov is on a two-day official visit to Tajikistan. On the first day of the visit, Berdimuhamedov met with President Emomali Rahmon, as well as with Chairman of the Majlisi Milli Majlisi Oli (Parliament) of Tajikistan […]
Turkmenistan-Pakistan Transit Trade agreement is at final stage, says Pakistan Minister for Commerce
On 3 April 2024, the Ambassador of Turkmenistan to Pakistan, Atajan Movlamov met with the Federal Minister for Commerce of Pakistan Jam Kamal Khan. The meeting discussed ways for development of trade relations between the two countries. Minister Jam Kamal emphasized Pakistan’s commitment to strengthening bilateral ties with Turkmenistan, particularly in trade, for the mutual […]
Pakistan supports the early finalization of a Transit trade agreement with Turkmenistan
Pakistani President Asif Ali Zardari called for the early finalization of a Transit trade agreement with Turkmenistan to further strengthen bilateral cooperation between the two countries. He shared this point of view during a meeting with the Ambassador of Turkmenistan to Pakistan Atajan Movlamov, the Press Information Department reports. According to Zardari, such an agreement, […]
Turkmenistan is committed to expanding trade and economic cooperation with Iran – The National Leader of the Turkmen people met with Iranian FM
On Thursday, 28 March 2024, the National Leader of the Turkmen people, Chairman of the Khalk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov met with the Minister of Foreign Affairs of Iran Hossein Amirabdollahian. Amirabdollahian praised Berdimuhamedov’s contributions to fostering positive dialogue between the two nations. Chairman Halk Maslahaty stressed the importance of building partnership in the […]
Turkmen-Japanese Business Forum Fosters cooperation in Tokyo – Minister of Trade and Foreign Economic Relations of Turkmenistan met with the Minister of Economy, Trade and Industry of Japan
Japanese and Turkmen representatives convened in Tokyo on 27 March 2024 for a business forum focused on fostering partnerships between small and medium-sized enterprises (SMEs) from both countries. The event, held at the Japan External Trade Organization (JETRO), brought together over 30 Turkmen leaders and around 100 Japanese participants. Minister Begench Gochmollayev of Turkmenistan’s Ministry […]
Belarus, Turkmenistan Eye Increased Trade Through Exchange Cooperation
The head of the Foreign Economic Activity Department at the Belarusian Universal Commodity Exchange (BUCE) Alexander Bashlia recently visited Ashgabat to explore promising avenues for cooperation with Turkmen businesses, according to BUCE reports. The BUCE aims to significantly increase trade turnover with Turkmenistan in 2024 by leveraging its exchange platform’s export potential. Lumber, dairy products, […]
Annual Trade Between Turkmenistan and Russia exceeds US $ 1.6 bln, says Ambassador Volynkin
Russia has been one of the key trading partners for Turkmenistan over the past five years, with annual trade exceeding $1.6 billion, according to Russian Ambassador Ivan Volynkin. He highlighted a positive trend: imports of Turkmen textiles and food products to Russia have nearly doubled, he said in interview with Azerbaijani news agency Trend. Regular […]
Turkmenistan Customs Service and International Trade Center Discuss Trade Facilitation Projects
On March 13, 2024, the State Customs Service of Turkmenistan met with a delegation from the International Trade Centre (ITC) led by Ms. Elena Butrimova, Head of the Department of Eastern Europe and Central Asia. The meeting focused on ongoing and new projects aimed at enhancing trade facilitation in Turkmenistan. The discussion highlighted the success […]
Almaty Hosts First B5+1 Forum: U.S. and Central Asia Strengthen Business Ties
The inaugural B5+1 Forum kicked off on 14 March 2024 in Almaty, bringing together representatives from the public and private sectors of the United States and Central Asia. Over 200 experts and investors from Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, and the U.S. are participating in the forum. The goal is to foster stronger collaboration and […]
Linkages between creation of National Branding and Concept of Sustainable Development
Kerim Kertiyev, PhD in Economics, National Institute of Finance, Turkmenistan, Chary Nurmuhammedov, Head of Office, UN Resident Coordinator’s Office Nowadays, transition to sustainable development is among important trends fundamentally changing the foundations of the world order. In the modern economy, nations’ welfare is largely formed by the ability of each country to diversify its economy, […]
Trade turnover between Turkmenistan and India increased to US $ 192 million
The volume of bilateral trade between India and Turkmenistan has steadily increased from US $ 60.64 million in 2020-2021 to US $ 192 million in 2022-2023. This was stated by the Ambassador of India to Turkmenistan, Ms. Madhumita Hazarika Bhagat, in an interview with the Turkmenistan newspaper. Among the main goods imported from India are […]
Turkmenistan and Romania outline plans to expand trade and economic ties
On 5 March 2024, Ambassador Annamammet Annaev of Turkmenistan met with Aurelian Gogulescu, President of the Prahova Chamber of Commerce and Industry (CCI) in Romania, Embassy of Turkmenistan to Romania reports. Ambassador Annaev expressed his appreciation for the opportunity to meet and emphasized the strong existing bilateral cooperation between Turkmenistan and Romania across various sectors. […]
Turkmen Commodity and Raw Materials Exchange hosted successful trading session on the sidelines of Afghanistan expo in Ashgabat
On 5 March 2024, on the sidelines of the exhibition of Afghan goods, the mobile stock exchange of the State Commodity Exchange of Turkmenistan was held in Ashgabat. 71 transactions were finalized during the session, generating significant economic activity. The total value of the concluded transactions surpassed US $ 107 million and Turkmen Manat 33 […]
President of Uzbekistan signed a decree on the establishment of the Uzbekistan–Turkmenistan free trade zone
The Uzbekistan–Turkmenistan free trade zone will be established in the Shavat district of the Khorezm region of Uzbekistan in accordance with the decree of the President of Uzbekistan Shavkat Mirziyoyev, Uzbek news outlets reported. An infrastructure for storage, sorting, marketing, transportation of goods and other modern services will be created in the free trade zone […]
Transport, Electricity and TAPI under the spotlight of Turkmenistan-Afghanistan talks in Ashgabat – Afghanistan’s Foreign Ministry issued press release on Meredov and Muttaqi meeting
Acting Foreign Minister of Afghanistan Amir Khan Muttaqi leading a delegation met with the Deputy Prime Minister, Minister of Foreign Affairs, Rashid Meredov in Ashgabat on Monday, 26 February 2024. The meeting focused on bilateral relations between Afghanistan and Turkmenistan, upgrading Afghanistan’s diplomatic presence in Ashgabat, and practically starting TAPI project in Afghanistan, according to […]
Turkmenistan’s foreign ministry hosted a meeting with an Afghan delegation led by Muttaqi
On February 26, 2024, in Ashgabat, a meeting was held between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and a delegation that arrived in Turkmenistan led by the acting Minister of Foreign Affairs of Afghanistan Amir Khan Muttaqi, consisting of representatives of various government agencies of Afghanistan, including the Ministry of Mining and […]
Trade in goods and services between the UK and Turkmenistan totaled £66 million
The total volume of trade turnover between the UK and Turkmenistan for the period from October 2022 to September 2023 amounted to 66 million pounds, an increase of 43.5%, or 20 million pounds in current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Tokayev’s first state visit to Qatar – Kazakhstan and Qatar inked 9 agreements and commercial deals worth $ 18 billion
On 13-14 February 2024, President of Kazakhstan Kassym-Jomart Tokayev made his first state visit to Qatar. In Doha, the head of Kazakhstan met with Sheikh Tamim bin Hamad Al Thani, as well as with the Prime Minister – Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman Al Thani. Tokayev also had a series of meetings […]
Xinjiang Exports to Central Asia Surge, Led by Electric Vehicles and Solar Panels
Trade between China’s Xinjiang region and Central Asia hit a record high in 2023, totaling 283.67 billion yuan, according to Xinhua. This figure represents 79.4% of Xinjiang’s total foreign trade, highlighting the region’s growing importance as a trade hub. Xinjiang’s exports to Central Asia jumped 23.2% year-on-year to 246.57 billion yuan. Labor-intensive and electromechanical products […]
Ambassador Akmaljon Kuchkarov hosted a press briefing – An overview of the current state of multidimensional Turkmen–Uzbek relations presented
On 5 February 2024, the Ambassador of Uzbekistan to Turkmenistan, Akmaljon Kuchkarov, hosted a briefing for Turkmen journalists and representatives of foreign media accredited in Ashgabat. The event was dedicated to the 583rd anniversary of the great Uzbek writer and thinker Alisher Navoi, who made a huge contribution to the development of Turkic literature. In […]
Afghanistan Eyes Balanced Trade with Central Asia
In 2023, Afghanistan imported about $1.4 billion worth of goods from Central Asian countries, while the country exported goods worth $100 million, TOLOnews reports, citing the Afghan Ministry of Industry and Trade. According to the ministry’s spokesman Akhundzada Abdul Salam Javad, the country’s main exports to Central Asia are fresh fruits, dried fruits, while attempts […]
Turkmenabad Eyes Hosting Next Uzbekistan-Turkmenistan Business Forum
Uzbekistan and Turkmenistan are exploring the possibility of hosting the next interregional business forum in Turkmenabad, according to a recent meeting between Ambassador Akmaljon Kochkarov of Uzbekistan to Turkmenistan and Lebap province governor Shohrat Amangeldiyev, UzReport reports. Discussions focused on strengthening trade and economic ties between the bordering regions of Bukhara (Uzbekistan) and Lebap (Turkmenistan), […]
Xinjiang Opens Large-Scale Electric Vehicle Production Targeting Central Asia
A large-scale production facility of motorcycles and electric bikes has opened in Khorgos, China, on the border with Kazakhstan, CGTN reports. The company is located in the Xinjiang Pilot Free Trade Zone and belongs to a local technology company in the field of new energy Kingold. This is the first such project in Xinjiang, fully […]
Xinjiang’s Trade grows with Central Asia, Becoming its Largest Market
Urumqi customs data shows Central Asia as the largest trading partner for China’s Xinjiang Uygur Autonomous Region (XUAR). In 2023, trade turnover surged by 50%, accounting for a remarkable 79.4% of XUAR’s total foreign trade volume, Xinhua reports. Trade with Kazakhstan, Kyrgyzstan, and Tajikistan, XUAR’s top three partners, increased by 70.8%, 25.8%, and 93.4%, respectively. […]
EU-Uzbekistan Trade Grows, and EU-Central Asia Summit in Sight
Uzbekistan and the European Union witnessed a 30% surge in trade volume during 2023, as announced by the Uzbek President’s press service following a meeting between President Mirziyoyev and EU Vice President Margaritis Schinas. Leading European companies are actively participating in major investment projects within Uzbekistan’s high-tech sectors, further solidifying the economic partnership. Additionally, the […]
Afghanistan-Turkmenistan Trade Reaches $481 Million in 2023
Trade between Afghanistan and Turkmenistan soared to $481 million in 2023, TOLoNews reports citing the Afghan Ministry of Industry and Commerce. During a recent meeting between the Acting Minister and the Turkmen Ambassador in Kabul discussions focused on expanding trade, with a specific emphasis on boosting Afghan marble exports to Turkmenistan. “Afghanistan and Turkmenistan had […]
Ashgabat to host an exhibition of Afghanistan production
Turkmenistan’s Ambassador to Afghanistan Khoja Ovezov met with Nooruddin Azizi, Acting Minister of Industry and Commerce of Afghanistan. An increase in Afghanistan’s exports to Turkmenistan was noted at the meeting, the Afghan Ministry of Industry and Commerce reports. In this context, the parties discussed a roadmap for increasing trade turnover between the two countries. The […]
Russia Eyes Deeper Investment Ties with Turkmenistan
Russia is interested in developing cooperation with Turkmenistan and is ready to implement joint projects, supply various products, and expand areas of investment cooperation. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the 9th meeting of the High-level Group on Trade and Investment Support within the framework of the […]
Trade between Turkmenistan and Uzbekistan exceeds $970 million
According to the Agency of Statistics under the President of Uzbekistan, trade between Turkmenistan and Uzbekistan amounted to $970.1 million in January-November 2023. Of this, exports of Uzbek products to Turkmenistan amounted to $106.5 million, while imports from Turkmenistan were $809.6 million. As the figures show, trade and economic relations between Turkmenistan and Uzbekistan are […]