Turkmen-Kazakh Business Forum held in Almaty
Amul Info ·
A meeting of the Joint Business Council and a bilateral business forum between Turkmenistan and Kazakhstan were held in Almaty. Participants discussed expanding business ties, launching joint manufacturing projects, increasing trade turnover and developing new logistics routes. The Turkmen…
A meeting of the Joint Business Council and a bilateral business forum were held in Almaty, Kazakhstan, with the aim of developing trade and economic cooperation between Turkmenistan and Kazakhstan.
The main objective of the meetings was to strengthen ties between private-sector businesses in the two countries. As part of the forum, Turkmen and Kazakh business representatives held direct B2B meetings, discussing the implementation of joint projects and ways to increase mutual trade.
The Turkmen delegation was headed by Begench Arazov, a representative of the leadership of the Union of Industrialists and Entrepreneurs of Turkmenistan. He briefed the participants on the opportunities offered by the country's private sector.
It was noted that the private sector currently accounts for more than 72 percent of Turkmenistan's economy, excluding raw-material industries. Established in 2008, the Union of Industrialists and Entrepreneurs of Turkmenistan brings together more than 29,000 small and medium-sized businesses operating in construction, textile manufacturing, agriculture, logistics and services.
During the meetings, participants noted that favourable conditions for entrepreneurs in Turkmenistan include access to preferential lending and a supportive tax environment. The contribution of Rysgal Joint-Stock Commercial Bank, overseas trade houses and specialised educational institutions to private-sector development was also highlighted.
During the forum, the parties identified several priority areas for future cooperation. These include implementing joint production projects in the light, food and chemical industries; coordinating transport routes to establish new logistics corridors; and introducing innovative solutions involving digital services and environmentally friendly technologies.
Participants emphasised that the geographical proximity of Turkmenistan and Kazakhstan, together with their transport and infrastructure capabilities, creates favourable conditions for implementing high-tech projects and increasing trade between the two countries.