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Turkmenistan, Armenia To Develop Basis For Economic Cooperation

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  • Turkmenistan, Armenia To Develop Basis For Economic Cooperation

    TURKMENISTAN, ARMENIA TO DEVELOP BASIS FOR ECONOMIC COOPERATION

    Turkmenistan.ru
    April 9 2010

    The 2nd meeting of the intergovernmental Turkmen-Armenian commission
    on economic cooperation was held in Yerevan. The meeting was chaired
    by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Hydyr
    Saparlyev and Minister of Energy and Natural Resources of Armenia
    Armen Movsisyan.

    According to the official press release, the meeting agenda included
    a wide range of issues covering virtually the entire spectrum of
    bilateral cooperation, of which trade and economy, fuel-energy sector,
    chemical industry, transport and communications as well as agriculture
    were named the priority areas. A separate subject of discussions was
    the topic of building up human relations, primarily in education,
    science and health spheres, as well as strengthening and expanding the
    cultural contacts as an important component of the Turkmen-Armenian
    relations. Following the meeting, there was signed a protocol.

    In those days, there was also held an exhibition of textile and carpet
    products of Turkmenistan at the exhibition hall of the Government
    House in Yerevan, which was opened by Armenian Prime Minister Tigran
    Sargsyan. In his speech he stressed that "good neighborly relations
    between the two countries need economic support," and in that sense
    Turkmenistan and Armenia have a large untapped potential.

    According to the Armenian news agency, all the exhibited specimens
    were purchased by visitors on the first day of the exhibition.

    To date, Turkmenistan exports to Armenia textiles, oil and oil
    products worth US $ 14 million annually. The total annual trade
    turnover between the countries amounts to US$ 20 million. Armenia
    mainly exports cognac, agricultural products and jewelry products
    to Turkmenistan. Turkmenistan registered 10 enterprises with the
    capital of the Republic of Armenia, and four projects in the oil
    and gas industry are being implemented in Turkmenistan with the
    participation of Armenian companies.
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