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Turkmenistan, Turkey consider to diversify business ties

16 October 2014 10:05 (UTC+04:00)
Turkmenistan, Turkey consider to diversify business ties

By Aynur Jafarova

Turkmenistan, Turkey exchanged views on the prospects for diversification of business partnership as Turkmen President Gurbanguly Berdimuhamedov met with the head of the Turkish Union of Chambers and Commodity Exchanges Rifat Hisarcıklıoglu, Turkmen media reported.

During the meeting, Hisarcıklıoglu said that the high prospects of the Turkmen market are stipulated by its versatile potential, as well as favorable investment climate created in the country.

The parties stressed that the practice of holding regular business forums and sectoral fairs also contribute to the expansion of effective cooperation between Turkmenistan and Turkey.

They also noted that the mentioned fairs present good opportunities for searching relevant areas of partnership, as well as developing contacts between business organizations of the two countries.

Turkey is one of the largest trade-economic partners of Turkmenistan. More than 600 Turkish companies are working on the local market. They are actively involved in the construction industry.

Earlier it was reported that as of 2013, the foreign trade turnover of Turkmenistan and Turkey amounted to about $4.746 billion or by 38 percent more than in 2012.

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