Turkmenistan, Germany mull prospects of trade, economic co-op
Trend | April 16, 2018- Turkmen Foreign Minister Rashid Meredov met in Ashgabat with Michael Harms, executive director of German Committee on Eastern European Economic Relations (GCEEER), the Turkmen Foreign Ministry said in a message.
The sides discussed the potential and prospects of trade and economic relations between the two countries and a number of issues concerning the prospects for cooperation in the banking sphere, high technologies, investments and tourism.
The sides stressed that holding of meetings of the Turkmen-German working group, as well as development of new economic projects are positive factors in strengthening the mutually beneficial partnership.
“Speaking about relations in the business sphere, the parties noted that German companies have been effectively operating for many years in various areas of the Turkmen market,” the message said.
German companies make a significant contribution to the implementation of long-term projects in Turkmenistan. Such companies as Siemens, Daimler, Claas, Rohde & Schwarz, Dresser-Rand are among them.
As of 2016, 167 investment projects and contracts involving German capital were registered in Turkmenistan, totaling $540 million and about 555 million euros.