Turkmenistan Sums Up Results of First Caspian Economic Forum

Turkmenistan Sums Up Results of First Caspian Economic Forum
The first Caspian Economic Forum brought together delegations from 58 countries, representatives of 39 international organizations and businessmen from 50 countries.

On Friday, President of Turkmenistan Gurbanguly Berdimuhamedov held regular video conference working session of the Cabinet of Ministers, during which the Deputy Chairman of the Cabinet of Ministers reported on the results of the First Caspian Economic Forum held on August 11-12 and on the events scheduled for August-September.

According to reports, 105 brokers from 19 countries participated in the exchange trades organized by the State Commodity and Raw Materials Exchange of Turkmenistan on the sidelines of the First Caspian Economic Forum. With 256 transactions, to following products were sold to the foreign markets:

  • textile products worth more than 6,3 million US dollars;
  • A-80 and ECO-93 gasoline, aviation kerosene, diesel fuel, liquefied gas, petroleum coke, polyethylene, urea, technical iodine for a total amount of 335,5 million US dollars; 
  • cotton fiber worth more than 36,88 million US dollars;
  • colorless glass and Portland cement worth more than 1,5 million US dollars.

Entrepreneurs of Turkmenistan took part in the exchange trades as well. During the trades, the following products were purchased:

  • polyethylene and polypropylene worth 43 million manat;
  • textile products worth 96,6 thousand manat.

Within the framework of the First Caspian Economic Forum, 17 bilateral documents in the field of industry and communications were signed. The relevant agreement was reached on the purchase of medical helicopters manufactured by the Kazan Helicopter Plant.

A meeting of business circles took place with the participation of more than 300 representatives of foreign companies, as well as members of the Union of Industrialists and Entrepreneurs of Turkmenistan. Within its framework, 15 agreements were signed in bilateral meetings.

On the sidelines of the forum, the Chamber of Commerce and Industry of Turkmenistan, together with the institutions of relevant ministries and departments of Turkmenistan, organized the Caspian Exhibition of Innovative Technologies and International Auto Fair “Türkmen sährasy - 2019” at the Turkmenbashi International Seaport, where companies from 22 countries installed 156 pavilions to showcase their products.

The exhibition program included 23 familiarization events that presented opportunities for both domestic producers and foreign companies. 23 bilateral meetings were also held to discuss the relevant partnership opportunities.

In general, following the results of the events and negotiations held at the First Caspian Economic Forum, about 60 international documents were signed on cooperation in such areas as information technology, investment cooperation, trade, economic and financial spheres, diplomacy, transport, electric power industry, light industry, agriculture and water management and sports.

The First Caspian Economic Forum brought together delegations from 58 countries, representatives of 39 international organizations and businessmen from 50 countries.