Slovenia-Turkmenistan enhance bilateral trade cooperation

Slovenia-Turkmenistan enhance bilateral trade cooperation


Review Hari Stefanatos

Slovenian President Borut Pahor is on a two-day visit in Turkmenistan in an effort to enhance the bilateral relations between the two countries. On Tuesday the Slovenian President met with his Turkmen counterpart President Gurbanguly Berdimuhamedow and while the agenda included a wide range of topics, like cooperation in the framework of the United Nations and the OSCE and energy security, the focus of the visit was on economic cooperation, namely opportunities in telecommunications, high technology, pharmaceuticals, transport and tourism.

The two Heads of states agreed that there is a lot of unexplored potential to enhance trade and decided that Slovenia will organise the first meeting of a bilateral economic commission, by the end of the year.

The two countries also signed an agreement on economic cooperation and a memorandum of understanding between the foreign ministries, while the Chambers of commerce from both countries also signed a memorandum of understanding.

Pahor’s delegation included Economy Minister Metod Dragonja and representatives of the Chamber of Commerce and Industry (GZS). There were also representatives from slovenian companies seeking to do business in Turkmenistan.

Bilateral trade is currently modest reaching only EUR 12 million in 2013, although that was a 43% increase compared to 2012.

(Source: Sloveniatimes)