The 9th meeting of the High-level Group on Trade and Investment Support within the framework of the Intergovernmental Russian-Turkmen Commission on Economic Cooperation was held in Moscow.
The parties discussed the development of trade and economic cooperation, conditions for improving mutual trade, promising joint projects in the fields of industry, energy, construction, state cadastre, as well as in the educational sphere.
“Russia is interested in developing cooperation with Turkmenistan, is ready to implement joint projects, supply various products, expand areas of investment cooperation,” said Dmitry Volvach, Deputy Minister of Economic Development of Russia. – In 10 months of 2023, the mutual trade turnover between our countries in physical terms increased by 8% to 535 thousand tons, exports – by 5.5%, imports – by 21%. Supplies from Turkmenistan to Russia for food products and agricultural raw materials increased by 33%, for chemical industry and rubber products – by 57%.”
“The bilateral economic potential is still great, and there are good opportunities for expanding cooperation both in the oil and gas and financial fields, as well as in a number of industries, agriculture, transport and other sectors of the economy,” Deputy Minister of Trade and Foreign Economic Relations of Turkmenistan Kerimberdi Kurbanov stressed in turn.
The participants of the meeting analyzed the possibilities of Russian export support institutions to provide financial and non-financial support measures in the implementation of trade and investment contracts between Russian and Turkmen companies, reviewed the draft program of economic cooperation between the governments of Russia and Turkmenistan for 2024-2026.
“Currently, the Ministry of Economic Development of Russia is monitoring 36 projects with Russian participation in Turkmenistan, totaling about 255 billion rubles,” Dmitry Volvach explained. – Of these, 11 projects are at the operational stage, 21 projects are at the investment stage, and 10 projects are in the active stage of implementation. Additionally, 15 projects for the organization of supplies of various products in the amount of about 62 million rubles are in varying degrees of readiness. 9 projects worth 188.8 billion rubles are being implemented in the infrastructure sector.”
Among the largest and most successful projects, the Deputy minister named the construction of a complex of anti-mudflow structures that provides the capital of Turkmenistan with full protection from destructive mudflows and protection of urban development from mountain waters. 3 projects worth 24.6 billion rubles are being implemented in the oil and gas industry. In industry, there are 19 projects worth 38 billion rubles, a contract for the supply of more than 300 thousand tons of rolled metal products totaling 14 billion rubles. for the construction of a new satellite city of Ashgabat.
Russian companies are interested in expanding cooperation on the modernization, reconstruction and new construction of energy facilities in Turkmenistan, in cooperation in the field of shipbuilding, supplies of mining equipment and mainline freight three-section locomotives to Turkmenistan, in the reconstruction of the Gyzylarbate wagon repair plant, as well as in the implementation of future projects for the modernization and electrification of railway lines in Turkmenistan.
“I would like to thank our Turkmen partners for their interest in integration issues. The Ministry of Economic Development of Russia is holding a series of introductory seminars in Turkmenistan on the functioning of the Eurasian Economic Union and its advantages,” the Deputy Minister stressed. – At the moment, 14 online seminars on various issues of Eurasian economic integration have already been held at the site of the Ministry of Economic Development of Russia.”
At the end of the meeting, the participants discussed in detail the meeting of the Intergovernmental Russian-Turkmen Commission on Economic Cooperation, which will be held in Ashgabat at the end of January 2024.
A source: economy.gov.ru
