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Russian-Turkmen trade reaches 2 bln dollars in first half of 2011

Russian companies were participating in more than 30 projects in Turkmenistan

ASHGABAD, September 29 (Itar-Tass) — Trade turnover between Russia and Turkmenistan reached some two billion U.S. dollars in January-August 2011.

The vice-president of the Russian Chamber of Commerce and Industry, Alexander Rybakov, described it as a good result. However, he told a two-day economic forum that opened in the Turkmen capital on Wednesday that the figure still didn’t reflect the huge potential of Russian-Turkmen economic interaction.

A business delegation from Russia, including entrepreneurs from Moscow, St. Petersburg, Omsk, Saratov, Chelyabinsk and other parts of Russia has brought cooperation proposals to Ashgabad.

“Relations between Turkmenistan and Russia make the weather in the entire Central Asia. We fully share this assessment given by the presidents of Russia and Turkmenistan during their last meeting,” the head of the Russian delegation said at the forum.

Alexander Rybakov, the vice-president of the Russian Chamber of Commerce and Industry, said that Russian companies were participating in more than 30 projects in Turkmenistan. Another twenty projects are ready to be launched in the sphere of hi-tech production. About a hundred proposals made by Turkmen agencies and entrepreneurs are in the process of development. Priority areas of cooperation as set forth by the sides include the power sector, textiles, the light industry, raw materials, building materials, education and tourism.

“We are focused on innovative projects. The future of our relations lies with them,” Rybakov emphasized.

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