Opportunities to initiate investment partnerships and expand energy cooperation were discussed during the 8th meeting of the Joint Intergovernmental Commission on Economic and Humanitarian Cooperation between Azerbaijan and Turkmenistan.
Co-chaired by Mikayil Jabbarov, Azerbaijan’s Minister of Economy, and Nokerguly Atagulyev, Deputy Chairman of Turkmenistan’s Cabinet of Ministers, the joint commission meeting was held in Baku on 28 July.
"The strengthening of the strategic partnership between Azerbaijan and Turkmenistan offers significant potential for the dynamic development of our economic relations," stated Jabarov in a post on his official X page.
By highlighting the positive outcomes of their joint efforts, the sides explored opportunities to further enhance cooperation and mutual investment across various sectors, including business, trade, energy, transport, industry, and agriculture," he added.
The meeting highlighted opportunities to strengthen partnerships in trade, industrial parks, transport, business, agriculture, and within the Alat Free Economic Zone.
The Turkmen delegation was briefed on Azerbaijan’s growing economic indicators, its favourable business and investment environment, and its transport and logistics infrastructure capabilities. It was particularly noted that the transit cargo volume between the two countries has shown steady growth in recent years—exceeding two million tons last year and reaching one million tons in the first half of this year.
Cooperation between Azerbaijan and Turkmenistan on revitalizing the East–West transport corridor and enhancing the efficiency of the Middle Corridor, as well as the prospects for the Zangezur Corridor, were key topics of focus at the Joint Commission.
Turkmen investors were encouraged to engage in active cooperation.
Currently, 75 companies with Turkmen investments operate in Azerbaijan across sectors such as industry, transport, construction, trade, and services.
The Philippines remains under a "severe threat" from China despite recent efforts by Washington and Beijing to ease tensions, Philippine Defence Secre...
Russia has recalled its ambassador to Armenia for consultations, citing Yerevan's growing rapprochement with the European Union. The move is seen as t...
At least 22 people have been killed - including children - and 35 others injured after a truck carrying Afghan returnees overturned in eastern Afghani...
U.S. Defense Secretary Pete Hegseth has urged Asian allies to increase military spending, warning of growing concern over China’s rapid military exp...
Thai rescuers say five people have been pulled alive from a flooded cave in remote Laos, where seven villagers became trapped after heavy rain cut off...
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
Kazakhstan has reiterated that no existing route can replace the Caspian Pipeline Consortium (CPC), which carries more than 80% of the country's crude oil exports through Russia to the Black Sea.
Senior U.S. State Department officials spent three days in Georgia meeting ministers, opposition figures and Church leaders as Washington intensifies its strategic engagement across the South Caucasus.
One hundred and eight years ago, amid collapsing empires and revolutionary chaos, the peoples of the South Caucasus took historic steps towards independence.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
The World Health Organization (WHO) says ongoing conflict, funding pressures and international travel restrictions are complicating efforts to contain a fast-growing Ebola outbreak in the Democratic Republic of Congo (DRC).
Thai rescuers say five people have been pulled alive from a flooded cave in remote Laos, where seven villagers became trapped after heavy rain cut off access underground.
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
Russia has recalled its ambassador to Armenia for consultations, citing Yerevan's growing rapprochement with the European Union. The move is seen as the latest sign of deteriorating relations between the longtime allies ahead of Armenia's parliamentary election on 7 June.
At least 22 people have been killed - including children - and 35 others injured after a truck carrying Afghan returnees overturned in eastern Afghanistan, local officials say.
A renewed wave of U.S. diplomatic activity in the South Caucasus highlights Washington’s growing focus on regional connectivity, trade and security, according to Associate Professor George Mchedlishvili of European University in Tbilisi.
Kyrgyzstan has signed a series of cooperation agreements with China and Belarus at the Fifth Forum of Regional Leaders of Shanghai Cooperation Organisation (SCO) member states, underlining the country's growing economic engagement within the regional bloc.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment