Turkmenistan considers Germany as its leading partner, President says

By Azernews

By Gunay Hasanova

Turkmenistan considers Germany as one of its leading partners, said Turkmen President Gurbanguly Berdimuhamedov in his message to the participants of Turkmen-German business forum to be held in Ashgabat on December 1.

The forum will bring together representatives of government, organizations, and companies of the two countries.

"German companies are among the first to come to the promising Turkmen market and they effectively work in different areas for many years, which indicate about the favorable investment climate created in our country,” said the Turkmen President.

More than 60 business entities with German capital have opened their branches and representative offices in Turkmenistan.

Today, 167 investment projects and contracts with the participation of the German capital in the total amount of $540 million and about 555 million Euros have been registered in Turkmenistan.

The volume of trade turnover between Turkmenistan and Germany was $ 306 million in 2015.

The German companies contribute significantly to the long-term projects in Turkmenistan. They include companies such as Siemens, Daimler, Claas, Rohde & Schwarz, and Dresser-Rand.

In turn, Turkmenistan is also interested in attracting Germany’s huge capital and advanced technology.

The sides regularly hold joint business forums, which bring together representatives of the companies specializing in trade, energy, chemical industry, banking, transport, communication, construction, industry, and agriculture.

The diplomatic relations between Turkmenistan and Germany were established in 1992. Turkmenistan and Germany successfully cooperate both bilaterally and as part of the authoritative international organizations, primarily the UN and the OSCE.