Kazakhstan, Turkmenistan aim to increase trade turnover to $1 billion

Kazakhstan, Turkmenistan aim to increase trade turnover to $1 billion

Kazakhstan and Turkmenistan intend to increase bilateral trade to $1 billion. Kazakh President Kassym-Jomart Tokayev and Chairman of the Halk Maslahaty (People’s Council) of Turkmenistan Gurbanguly Berdimuhamedov discussed this goal during an informal meeting today. They also talked about prospects for further strengthening their strategic partnership. Special attention was given to expanding cooperation in the gas sector, particularly Kazakhstan’s participation in the development of the Galkynysh field with foreign partners. The parties also explored transit and transport opportunities. In this regard, the Kazakhstan-Turkmenistan-Iran railway and the Turkmenbashi-Garabogaz–Kazakhstan border highway play a key role in developing the North-South route.

«It is encouraging to see the successful development of cooperation between our countries. Plans include strategically significant projects, and this work will be crucial in ensuring the continued high-quality development of our economic partnership,» Tokayev said.

The Head of State also congratulated Gurbanguly Berdimuhamedov on the start of the International Year of Peace and Trust. He noted that this initiative, supported by the UN, reflects Turkmenistan’s high international standing. In turn, Gurbanguly Berdimuhamedov called Kazakhstan one of Turkmenistan’s key strategic partners.

«Based on our strategy, we will continue to develop mutual relations and cooperation, which have already been established in politics, trade and economic spheres, as well as in cultural and humanitarian matters,» Berdimuhamedov said.

The President of Kazakhstan and the Chairman of the Halk Maslahaty of Turkmenistan visited the SPK Turkistan industrial park, where six investment projects worth 36.5 billion tenge are being implemented. The enterprises produce drip irrigation systems, tractors, and industrial refrigerators. The next phase includes the construction of 112 facilities and the launch of 13 new projects totaling nearly 40 billion tenge. Additionally, Kassym-Jomart Tokayev and Gurbanguly Berdimuhamedov toured an exhibition of Kazakh manufacturers.