Arzuw NEWS - Turkmenistan news

Turkmenistan has prospects to join EU investment projects

Turkmenistan has the potential to join a number of projects implemented by the EU Investment Fund in Central Asia. This announcement was made public by the EU Delegation to Turkmenistan.

According to the information provided, most of the projects were launched in 2019. These include a number of EU-CA partnership programs, which are aimed at improving the use of energy resources, protecting the natural environment and combating climate change. In addition, projects address such aspects as: the rule of law, improving competitiveness, improving the investment climate, increasing trade flows, strengthening sustainability and reducing financial risks.

In response to questions about the direct cooperation between Turkmenistan and the EU, the EU representative emphasized that the relationship between the parties is based on an interim agreement that took effect in August 2010. It covers trade and related issues. The main objectives of this agreement are to improve the system of governance of the financial sector of Turkmenistan, assistance in developing the agricultural and private enterprise, integration of the general and vocational education systems.

EU representatives stressed the recent increase in the number of foreign delegations visiting Turkmenistan. It was also emphasized that the opening of the EU Delegation in Turkmenistan in July last year is one more convincing proof of the desire to strengthen bilateral partnership in strategically important areas.


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