Chinese companies evince interest in new joint projects in Turkmenistan

The universal exhibition of the People's Republic of China, held for the first time in Turkmenistan, has closed in Ashgabat. It effectively showcased the friendly country's considerable industrial and export potential.

Over 100 senior executives and specialists of leading companies and firms from different provinces of the PRC, including Qinghai, Zhejiang, Jiangsu, Shandong, and others, attended the three-day exhibition. A big number of exponents represented the Xinjiang Uygur Autonomous Region (XUAR) and Kizilsu Kyrgyz Autonomous Prefecture of China.

Organized in the Chamber of Commerce and Industry of Turkmenistan, the exhibition featured display stands of 70-plus participants � big diversified companies, specialized firms, and international trade export import agencies.

Senior officials of the Ministry of Trade and Foreign Economic Relations of Turkmenistan held talks with the Chinese delegation led by the vice chairman of the people's government of the Xinjiang Uygur Autonomous Region.

Representatives of the XUAR Commerce Department were among those in attendance at the talks, which focused on the issues of boosting mutual trade turnover, and other proposals. In particular, the parties discussed possibilities for exchanging experience in textile production, launching joint projects to develop greenhouse farming and to create enterprises manufacturing domestic appliances. The participants also noted the untapped potential for building up contacts between Turkmen and Chinese entrepreneurs, and strengthening investment partnership in small and medium business.

The Chinese party put forward a proposal to construct a truck assembly plant of Sinotruk (a Chinese state-owned truck manufacturer) in Turkmenistan.

The attendees also considered the possibility of holding an exhibition fair of Turkmenistan-made products in China's Xinjiang Uygur Autonomous Region in 2018.

The members of the Chinese delegation invited representatives of Turkmenistan to take part in the 2017 China Eurasia Expo to take place in late August in the city of Urumqi. The exhibition will focus on the theme of Building the Silk Road Commercial and Trade Platform to Boost Win-win Economic Cooperation. During the talks, a proposal was made to discuss prospects for Turkmen-Chinese cooperation and concretize its areas on the sidelines of the big international forum.

Source: Turkmenistan State News Agency-TDH