Arzuw NEWS - Turkmenistan news

Turkmenistan and Pakistan plan to increase mutual trade turnover

Representatives of Turkmenistan and Pakistan discussed the possibility of further increasing mutual trade turnover. This topic was key at the meeting held between the Turkmen Ambassador to Pakistan Atajan Mowlamov and Advisor to the Prime Minister of Pakistan on Trade and Investment Abdul Razak Davood.

Participants of the meeting noted that at the moment neither of the two countries has fully realized the potential available in this area. Therefore, mutual measures should be taken to help increase the volume of trade.

According to the report, the Ministry of Commerce of Pakistan is currently working on the creation of a strategy aimed at strengthening cooperation with Turkmenistan. The strategy is being developed as part of the program of integration of the five states of the Central Asian region with Pakistan and Afghanistan.

In order to ensure the most harmonious inclusion in the above-mentioned strategy, the representative of the Turkmen side noted the interest in organizing this year's 6th meeting of the Joint Commission, which includes representatives of the governments of Turkmenistan and Pakistan. In addition, the sides considered the possibility of concluding a Memorandum of Understanding, the participants of which included Turkmen ports and the Pakistani port of Gwadar.

The representative of Pakistan praised the proposal of the Turkmen side to transit goods using the capabilities of the ports of Gwadar and Karachi, as well as rail and road transport.

In addition, the participants of the meeting expressed their mutual intention to hold the third meeting of the Turkmen-Pakistani working group on trade in the near future.

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