Deputy Minister of Economy and Commerce of the Kyrgyz Republic Nazarbek Malaev took part in Turkmenistan Investment Forum TIF 2024, which was held on 10-11 September 2024 in Ashgabat.
On the sidelines of this Forum, Malaev met with Director General of the Agency for Transport and Communications under the Cabinet of Ministers of Turkmenistan Mammedkhan Chakiyev, Deputy Minister of Finance and Economy Babaniyaz Yalakov, Deputy Minister of Energy Serdar Saparov, Chairman of the Turkmenbit Guvanch Agadjanov and Head of the Department of International Economic Cooperation Ministry of Foreign Affairs Atageldy Khaldjanov, according to the Ministry of Economy and Commerce.
During the meetings, a wide range of issues of Kyrgyz-Turkmen cooperation were discussed, including cooperation in the field of trade, energy, industry, investment, transport, etc.
Both sides emphasized the importance of streamlining trade and transit procedures and taking concrete steps to boost trade turnover and create favorable conditions for cargo carriers engaged in transit.
At the same time, in order to improve business conditions for the two countries, the parties agreed to hold a number of online meetings with the participation of relevant ministries and departments to consider and implement mechanisms for the unification of transport, transit, visa fees, simplification of procedures for export, import and transit operations, obtaining visas by cargo carriers and extending the validity of visas to 1 year.
To further stimulate joint business ventures, the parties agreed to strengthen efforts to establish a joint investment development fund, implement a project to build a Business Center “Turkmenistan” in Kyrgyzstan, develop a resort and recreational facility in Kyrgyzstan.
Additionally, the parties explored the possibility of exporting electricity and petroleum products from Turkmenistan to Kyrgyzstan.