Belarus and Turkmenistan to step up cooperation, trade

By bne IntelliNews March 27, 2015

Belarus and Turkmenistan will boost their interparliamentary ties and trade cooperation, Chairman of the National Assembly of Belarus Mikhail Myasnikovich said after talks in Ashgabat on March 26. Turkmenistan's president, Gurbanguly Berdimukhamedov, stressed that the two former Soviet republics have enormous cooperation potential in trade and the economy in the international arena.

The countries will set up a joint venture to make cotton products, said Myasnikovich, adding that the project will significantly increase integration and manufacturing cooperation. Products will be produced in Belarus to be sold there, in Turkmenistan and other markets.

The sides also discussed progress in construction of the Garlyk mining and processing factory. “It is a unique project that embodies the best, state-of-the-art technologies in the processing industry,” noted Myasnikovich. Berdimuhamedov said the factory "will not be just another company to mine ore and make mineral fertilizers”. There are also plans to set up additional factories to produce products based on potash salts, he added.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

South Africa's Zuma tries to sell carbon credits to Russian NGO after Zimbabwe failure

Former South African President Jacob Zuma is discussing trading carbon credits with a Russian NGO, facilitated by a new Belarusian entity, according to ... more

Raiffeisen Bank International holding talks to sell its Belarusian subsidiary

Raiffeisen Bank International (RBI), based in Austria, has announced that it is in negotiations for the sale of its 87.74% stake in Belarus's Priorbank. The potential buyer is Soven 1 Holding ... more

Belarusian army general under EU, US sanctions visits Zimbabwe amid discussions of "cooperation" prospects

A delegation of the Zimbabwe Defense Forces travelled to Belarus this week on a visit amid reports of possible high level military hardware supply agreements between the Russian allies. Meanwhile, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    5 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss