Azerbaijan, Turkmenistan To Enhance Trade, Economic Cooperation

BAKU:  Azerbaijan and Turkmenistan affirmed mutual interest, in expanding and diversifying bilateral trade and economic cooperation, as the two countries’ top leaders met here.

“We defined priority areas of cooperation, in particular energy, transport, communications, chemical and textile industry, construction, technologies, service sector and etc.,” Turkmen President, Gurbanguly Berdimuhamedov, told a news conference, following the meeting with his Azerbaijani counterpart, Ilham Aliyev.

Berdimuhamedov said, Baku and Ashgabat reached agreement to coordinate efforts towards building East-West transport and transit corridors, passing through the territories of both countries. “We also agreed to use port infrastructure of both Turkmenistan and Azerbaijan on the Caspian Sea, in order to establish automobile-ferry and railway-ferry communication.”

Berdimuhamedov expressed his country’s interest in cooperating with Azerbaijan in energy, chemical, textile industries and the IT sector.

Aliyev said, the two countries agreed to increase the volume of cargo transportation. “Given our close and good relations with our neighbours, we will attract more shippers from neighbouring countries to build a new transport corridor that will stretch thousands of kilometres.”

The two countries signed a package of nearly 20 documents, during Berdimuhamedov’s one-day official visit, including in the fields of civil aviation, culture, migration, education, protection of environment, and land cadastre.

Trade between Azerbaijan and Turkmenistan saw a 40 percent increase last year, in comparison with 2018.