Bilateral documents are signed at Turkmen – Singapore business forum
Bilateral documents signing ceremony was held during Turkmen – Singapore business forum.
The following documents have been signed:
The Agreement on Cooperation between the State Bank of Foreign Economic Affairs of Turkmenistan and Bank Association of Singapore and the Agreement on Cooperation between the State Bank of Foreign Economic Affairs of Turkmenistan and DBS Bank Ltd. (Development Bank of Singapore);
Memorandum of Understanding between the Ministry of textile Industry and Indorama Corporation Pte. Ltd.;
In addition, Memorandum of Understanding has been signed between the Trade and Industrial Chamber of Turkmenistan and Singapore Business Federation. The Memorandum of Understanding between Turkmen State Institute of Economics and Management and the Institute of Management Development of Singapore has also been signed.
The same document was signed by the Ministry of Industry and Communication of Turkmenistan and Singapore Company Pacific International Lines Pte. Ltd, which have agreed on cooperation in transport and logistics.
Two Memoranda of Understanding was signed by the Union of Industrialists and Entrepreneurs of Turkmenistan with Vallianz Holdings and Sun Connect Pte. Ltd.
The second part of business forum was dedicated to industrial complex and transport sphere of Turkmenistan and to cooperation in these sections including with participation of business communities.
The state news agency of Turkmenistan
The Minister of Foreign Affairs of Turkmenistan gave a speech at the 13th Central Asia-Korea Cooperation Forum
On November 25, 2020, the 13th Central Asia-Korea Cooperation Forum was held, during which the video statement of the Minister of Foreign Affairs of Turkmenistan R.Meredov was heard.
The Minister of Foreign Affairs of the Republic of Kazakhstan M. Tleuberdi, the First Deputy Minister of Foreign Affairs of the Kyrgyz Republic N.Niyazaliev, Minister of Foreign Affairs of the Republic of Tajikistan S. Mukhriddin, Minister of Foreign Affairs of the Republic of Uzbekistan A. Kamilov and Minister of Foreign Affairs Republic of Korea Kang Kyung-wha also gave speeches in the framework of the Forum.
During the Forum, a wide range of issues of cooperation between the countries of Central Asia and the Republic of Korea in the political-diplomatic line, as well as in the trade-economic and humanitarian fields were discussed.
The parties noted the similarity of their positions on promoting international mechanisms aimed at maintaining peace, security and sustainable economic growth at the regional and global levels.
Turkmenistan stands for the development of the investment climate in the region, welcomes the "New Northern Economic Policy", as announced by the President of Turkmenistan at the International Forum on Northern Economic Cooperation in October this year. “This important initiative of the Republic of Korea is in many respects consonant with the concept of the “Revival of the Great Silk Road”, stressed Minister R. Meredov.
The agenda focused on public health, education, standardization and the environment. The parties exchanged views and proposals regarding the development of cooperation in each direction.
In his speech, the head of the Foreign Ministry of Turkmenistan reflected the activities of Turkmenistan in the health sector, including its contribution to the overall fight against the spread of the coronavirus. It was noted that under the leadership of the President of Turkmenistan, active cooperation with the World Health Organization continues.
R. Meredov drew attention to the need to ensure universal and equal access to vaccines, and suggested continuing scientific and research contacts.
Interaction in the field of education, including scientific exchanges and programs to improve the qualifications of specialists on a mutual basis, was considered.
The Minister of Foreign Affairs of Turkmenistan spoke about the concrete results of the partnership, including the opening in Ashgabat of the Educational Center for the Study of the Korean Language and Culture of the King Sejong Institute Foundation and others.
The parties agreed to continue cooperation in education, in particular distance education, using modern information and communication technologies. Interaction between the specialized structures of the CA countries and the Republic of Korea continues.
The Forum discussed issues of standardization, in particular from the point of view of the development of regional and international economic ties. It was stated that interaction in this area is important for the development of trade and economic relations between the countries of this format.
During the meeting, issues of environmental safety were also considered. The parties discussed the possibilities of expanding cooperation in combating climate change, maintaining a green economy, and careful use of natural resources.
Following the meeting, the participants adopted the Joint Statement of the 13th Central Asia-Korea Cooperation Forum and the Action Plan of the Forum Secretariat for 2021.
Turkmen-Afghan Business Forum held in Ashgabat
On the 27th of February 2020, Turkmen-Afghan Business Forum was held in the Ministry of Foreign Affairs of Turkmenistan.
From the Turkmen side, the heads and representatives of a number of ministries and agencies of the country, including the Union of Industrialists and Entrepreneurs and the Chamber of Commerce and Industry participated to the Forum. Among the participants of the representative delegation of Afghanistan, there were specialists of trade-economic sector of the country and private entrepreneurs.
During the meeting, the parties touched upon a number of contemporary issues of trade and economic nature. The opportunities of expanding the variety of imports and exports between the two countries, enhancement of investments, facilitation of trade procedures, as well as the establishment of direct contacts between the business circles were regarded.
The parties expressed intent to intensify the trade relations in the field of energy, transport and logistics, communications and industry. The exchange of views on expanding the cooperation in the oil and gas field, as well as in the construction sphere took place. The participants agreed to continue regular negotiations on these matters.
Speaking about the social-economic development of Afghanistan, the participants noted the vital role of humanitarian initiatives realized under the leadership of the President of Turkmenistan Gurbanguly Berdimuhamedov.
Turkmenistan presents exhibition of export goods in Singapore
Turkmen – Singapore business forum is to be held in Singapore under the state visit of President Gurbanguly Berdimuhamedov to the Republic of Singapore.
Meeting of representatives of business circles of two countries is to become a starting event for taking of trade and economic partnership contact to new level, for opening of new points of consolidation of efforts.
The meeting of the conference hall of Shangri La Hotel was forestalled by the exhibition of export goods of our country. It presented the production of textile industry, yarn, fabrics and readymade sewing production including jeans, bright gift bedding, kitchen and bath sets, silk items and ornamented carpets.
It also presented the products made by the facilities of chemical industry of Turkmenistan, which was described in details in informational bulletins and booklets. Bright banners attract the attention to the displays of oil and gas industry, agriculture, food industry and other branches.
Turkmenbashy International Seaport has also presented its display at the exhibition, having demonstrated passenger and commercial fleet, capabilities of cargo transfer and shipbuilding yard.
In addition to pharmaceutical production, the section of medical industry demonstrated herbal teas from the plants growing in Turkmen land, medicine made of licorice, cosmetic face masks based on mineral materials.
Turkmen entrepreneurs also demonstrate their production in Singapore. These are home textile, clothes, washing liquids. Stylish leather footwear, food products, natural fruit juices, confectionary.
Private tourist agencies offered their service in tourism business inviting t make a wonderful trip around historical places of Turkmenistan and to see its modern architectural beauties.
The state news agency of Turkmenistan
Turkmen – Singapore business forum starts working
Turkmen – Singapore business forum, which was timed to the visit of President Gurbanguly Berdimuhamedov to this country, started working in Singapore.
More than 40 big companies of Singapore took part in business meeting in the conference hall of Shangri-La Hotel. Specialization of the companies is rather broad. This is production of equipment for oil and gas, chemical, energy, agricultural and food production spheres, construction industry, shipbuilding, transport and communication sphere, trade, banking business, development of software, engineering and other.
Turkmenistan was represented by the heads and specialists of different ministries and departments and members of the Union of Industrialists and Entrepreneurs.
The forum was opened by Teo Xyong Xeng, the Chairman of Singapore Business Federation, which unites more than 25,800 companies as well as the main local and foreign business chambers.
In his speech, he noted that current forum gives good opportunities for study of capabilities of cooperation and investment collaboration. According to his words, trade between Turkmenistan and Singapore was 43.4 billion US dollars in 2018, which is 5 times higher than in 2016.
Being one of the most rapidly growing economies in Central Asia with huge natural resources, Turkmenistan represents huge economic potential for establishment of trade and investment relations, Teo Xyong Xeng said, having announced the signing of the Memorandum of Understanding on cooperation between Singapore Business Federation and Trade and Industrial Chamber of Turkmenistan.
In this context, such priority spheres as oil and gas sphere, energy, chemistry, construction, transport and logistic, agriculture have been mentioned.
The state news agency of Turkmenistan
Business circles of Caspian countries discuss perspective projects and sign the agreements
In the afternoon, the conference hall of Berkarar Hotel hosted the meeting of representatives of business circles of Caspian states. Its agenda included topical subjects of establishment of international cooperation, attraction of foreign investments and technologies in different branches of the states of the region, discussion of perspective joint projects.
For example, one of the session was dedicated to the cooperation in oil and gas sphere, its directions and perspectives. Officials of the State Concern Turkmengaz, Malaysian PETRONAS, Chinese CNPC and other took part in the session. The review of activity of big foreign partners in Turkmenistan has been presented and new investment projects in petrochemical sphere were presented.
The investments were the topic of another subject. High-rank delegates of the World and Asian Development Bank, one of the leading Qatari company Al Qamra Holding made speech at the session.
The name of the third session is Industrialization: Look in to the Future. It was held by the Central Asia Regional Head of the European Bank for Reconstruction and Development, who focused on the role of business in this sphere. Big industrial projects initiated by Leader of the nation Gurbanguly Berdimuhamedov, which are implemented by the Union of Industrialists and Entrepreneurs of Turkmenistan, practice of Azerbaijan of legal support of business and successful model of free industrial zone on example of free industrial zone in the port of Georgian Poti have been reviewed in this section.
Outcomes of the exchange trades held under Caspian Exhibition of Innovative Technologies have been announced in the end of business forum where 300 heads and representatives f 90 big companies, banks, associations and unions took part.
256 transactions to total amount of 380,179,000 US dollars have been registered at the trades. For foreign currency, brokers from Russia, Turkey, Great Britain, Luxemburg, United Arab Emirates, USA, Singapore, Hong Kong and Afghanistan have bought hydro-treated diesel fuel, A-80 gasoline, L – 0.2 – 63 and L – 0,5 – 62 diesel fuel, TC1 jet fuel, total petroleum coke, ECO – 5 hydro-treated diesel fuel produced by Turkmenbashy Refinery complex as well as ECO-93 gasoline and liquefied of the State Concern Turkmengaz. B-type carbamide and technical iodine produced by the State Concern Turkmenhimiya were the subjects of foreign currency transactions.
In addition, cotton yarn and fibre, Portland cement and glass were sold for foreign currency to Russian Federation, UAE, Turkey and Uzbekistan.
For local market, Turkmen entrepreneurs have bought polypropylene and polyethylene to total amount of 43 million manats.
It has been mentioned in the final speech that Turkmenistan has demonstrated again the willingness to start real cooperation in specific strategic directions with Caspian states and with the countries of other regions.
Document signing ceremony, which set out the agreements reached during the meetings and session in the fields of the CEF 2019 was held afterwards. In general, 57 international documents, which are related to cooperation in such spheres as international technologies, investment cooperation, trade and economic and financial sphere, diplomacy, transport, power energy, light industry, agriculture and water management, sport and other areas.
Certificate award ceremony took place afterwards. The Trade and Industrial Chamber of Turkmenistan has been awarded with the certificate for organization of Caspian Exhibition of Innovative Technologies and the first international motor exhibition of Turkmenistan on the territory of Turkmenbashy International Seaport. This certificate was presented by Sergey Gorsky, Deputy Executive Director of Messe Frankfurt, the global leader in organization of motor industry exhibitions.
Awarding this certificate, we welcome the initiative of President Gurbanguly Berdimuhamedov to organize the exhibition of advanced technologies and the first motor exhibition, which is held in Turkmenbashy and supplements this forum, supporting the promotion of new technologies in industry including in car manufacturing industry, - Mr Gorsky said.
President of the Union of Commercial Chambers and Commodity exchanges of Turkey Rifat Hisarciklyogly and the Secretary General of the Trade and Industry Chamber of the Economic Cooperation Organization Adem Kula have also presented the certificates.
ISO Compliance certificate has been awarded to the State Commodity and Raw Material Exchange of Turkmenistan by the General Project Manager of SGS in Caspian Region Azer Mammadov.
It was mentioned that this certificate is awarded by the results of big work made by the Exchange after the audit and inspection by SGS and is high marks of the final result.
After the ceremony, the briefing was given to representatives of mass media on the outcomes of the meeting of business circles. The main subjects of discussion, outcomes of available capabilities of activation of cooperation have been summed up as well as weighted and comprehensive assessment multidimensional potential of Turkmenistan has been given.
Outcomes of the first day of work of Caspian Economic Forum has been summed up the briefing. The importance of the initiative of President Gurbanguly Berdimuhamedov on foundation of CEF, which marked the launch of new ground of the dialog of the countries of the region and their international partners where anyone can obtain full information about the dynamics and perspective plans of social and economic development the Caspian Five, exchange the views about latest world trends in different section of economy, receive direct comments on interesting questions from representatives of the Governments, profile ministries and departments, successful businessmen and leading international experts has been highlighted.
The state news agency of Turkmenistan