Ashgabat, September 14, 2024 – The Europe Today: In a bid to enhance bilateral business cooperation and stimulate joint projects, Turkmenistan and Kyrgyzstan have agreed to intensify efforts toward the establishment of a Joint Investment Development Fund. This fund will facilitate the implementation of major projects, including the construction of the Turkmenistan Business Center and a resort and recreational facility in Kyrgyzstan.
The decisions were reached during a series of meetings held between Kyrgyz Deputy Minister of Economy and Commerce, Nazarbek Malayev, and several senior Turkmen officials, including Mamedkhan Chakyev, Director General of the Agency for Transport and Communications; Babaniyaz Yalakov, Deputy Minister of Finance and Economy; Serdar Saparov, Deputy Minister of Energy; Guvanch Agajanov, Chairman of the State Concern “Turkmennebit”; and Atageldy Khaldzhanov, Head of the Department of International Economic Cooperation at the Ministry of Foreign Affairs.
The discussions took place on the sidelines of an investment forum in Ashgabat, held on September 10-11. The meetings focused on deepening Kyrgyz-Turkmen cooperation in various sectors, including trade, energy, industry, investment, and transport.
One key outcome of the talks was an agreement to hold a series of online meetings involving relevant ministries and agencies to explore mechanisms for streamlining transport, transit, and visa procedures. These measures include unifying transport and transit fees, simplifying export, import, and transit operations, and extending the validity of visas for freight carriers to one year.
In addition, the parties discussed the export of electricity and oil products from Turkmenistan to Kyrgyzstan, reflecting both countries’ commitment to expanding economic collaboration in critical sectors.
The press service of the Kyrgyz Ministry of Economy and Commerce confirmed these developments, highlighting the positive momentum in Kyrgyz-Turkmen relations and the potential for future cooperation in multiple areas.
