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of the Ministry of Education of Turkmenistan
of the Innovation Information Center
of the Ministry of Education of Turkmenistan
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The third meeting of the Turkmen-Chinese working group on investment cooperation was held in Ashgabat
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On October 14, the third meeting of the Turkmen-Chinese working group on investment cooperation was held in Ashgabat.
At the meeting, the Turkmen part of the working group was headed by Galina Romanova, Head of the Consolidated Department of Public Finance and Economic Policy of the Ministry of Finance and Economy, and the Chinese part was headed by Yang Hao, Deputy Head of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce of the People's Republic of China.
The meeting was attended by specialists from the Ministry of Finance and Economy, the Central Bank, Vnesheconombank, the Ministries of Industry and Construction, Textile Industry, Energy, Agriculture, Environmental Protection, state concern Turkmenneft, Turkmengaz, Turkmenkhimiya, State Corporation Turkmengeologiya, departments of the Agency for Transport and Communications, state associations of animal husbandry and poultry farming, food industry, grain products, as well as the Union of Industrialists and Entrepreneurs.
The Chinese side was represented by officials of the Ministry of Commerce and regional departments for investment management and foreign trade, the Export-Import Bank of China, the Chinese Chamber of Commerce for the Import and Export of Machine-building and Electronic Products, top managers of a number of companies specializing in industrial engineering, computer technology, oilfield and chemical equipment, CNPC Corporation and its branches in Turkmenistan, as well as Huawei Technologies.
During the meeting, the progress of the implementation of the agreements reached between President of Turkmenistan Serdar Berdimuhamedov and President of the People's Republic of China Xi Jinping during the Central Asia-China summit in May 2023 was analyzed, and key areas of further cooperation were identified.
It was decided to actively explore and stimulate the expansion of mutual investments, strengthen the role of the working group and other mechanisms of interaction in key areas.
The Turkmen side informed the Chinese participants of the meeting about specific measures taken to improve the investment climate and business conditions in the country, progress in the process of joining the World Trade Organization and the latest assessment studies by the international rating agency Fitch ratings.
The Chinese delegation informed about the work done on important projects in the oil and gas sector, transport and the chemical industry.
During the talks, they confirmed their mutual readiness to deepen cooperation in traditional areas of cooperation, such as energy resources and infrastructure, as well as identify the potential of partnership in the fields of new energy, green minerals, and create new growth points.
Representatives of the business circles of the two sides - enterprises, industry organizations, financial institutions, held an in-depth exchange of views on enhancing investment relations in the industrial sector and agreed to continue work on improving interaction mechanisms.