Turkmenistan and France to strengthen economic cooperation

On June 16, 2020, a meeting was held in the form of a videoconference between representatives of the Ministry of Foreign Affairs of Turkmenistan and the France-Turkmenistan Chamber of Commerce on the possibilities of developing and expanding trade and economic cooperation between Turkmenistan and France.

This meeting provided an opportunity for participants to discuss in detail the level of trade and economic relations between the two countries. The possibilities of developing partnerships in priority areas, including trade and investment, the oil and gas sector, were emphasized. Ways of expanding cooperation between the business circles of Turkmenistan and France were examined.

In addition, the impact of the pandemic situation on trade and economic ties between countries of the world and the region was discussed. In this regard, the parties noted a number of measures taken by the Government of Turkmenistan and the possibility of taking new measures to mitigate the impact of the global pandemic on national productive sectors of the economy, preserving jobs and protecting vulnerable groups.

In conclusion, the parties expressed their readiness to consider various forms of cooperation, such as direct investment, creation of joint ventures, project and structural financing, creation of a joint investment fund and others.

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