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Turkmenistan, UAE to hold business talks

3 February 2017 16:40 (UTC+04:00)
Turkmenistan, UAE to hold business talks

By Trend

The next meeting of the joint Turkmen-UAE intergovernmental commission will be held in the first half of 2017, the Turkmen Foreign Ministry said in a message on February 3.

According to the message, the issue was raised during the meeting of Turkmen Foreign Minister Rashid Meredov and UAE Extraordinary and Plenipotentiary Ambassador Hassan Abdullah Al Adhab.

Particular attention was paid to the strengthening of the political and diplomatic cooperation, intensification of the trade and economic relations and expansion of cultural and humanitarian contacts between Turkmenistan and UAE, the ministry said.

In this regard, the need for improving the effectiveness of bilateral cooperation mechanisms, in particular, joint intergovernmental commission, was stressed, the ministry said.

According to the message, Turkmenistan and UAE will consider the possibility of preparing the cooperation program between the foreign ministries soon.

Diplomatic relations between Turkmenistan and the UAE were established in October 1995. The UAE companies successfully operate in the local energy market. One of such companies - Dragon Oil has been operating in the Turkmen sector of Caspian Sea since 1999 as part of the Production Sharing Agreement (PSA). The company is one of the largest foreign investors in Turkmenistan.

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