Home / Knowledge / News / Trade prospect seems positive for this fiscal year
Trade prospect seems positive for this fiscal year
Feb '08
Turkmenistan is expanding its trade ambit to deal with various countries with the objective of securing substantial trade proceeds.

Recently, a meeting of the Turkmen-Uzbek joint commission for trade-economic, scientific-technical and cultural cooperation in its third edition, held in Ashgabat between January 31 to February 2 resulting in inking a bilateral protocol.

This apart, trade turnover between Belarus and Turkmenistan is also likely to reach $1 billion by 2010. Trade between the two countries grew seven times as against 2007 and amounted to US $90 million.

Turkmenistan showed a remarkable rise in its 2008 production that on the whole amounted to 120.1 percent or 12.1 trillion mantas.

While the figures for industrial sector equaled to 124.5 percent, agriculture secured 111.1 percent, construction-117 percent and service sector 115.2 percent.

At a meeting held for the discussion of trade benefits for the last year, the Minister of Economy and Finance, Hodzhamyrat Geldimyradov observed that the GDP growth for the year 2007 amounted to 111.6 percent which was considerably good when compared to the previous year.

Oil products showed a growth of 3.9 percent, petroleum products grew by 5.8 percent while diesel fuel and cotton fibre showed a growth of 14 and 13.9 percent respectively.

Besides, foreign trade turnover also marked an increase of 33.6 percent compared to 2006 standing at $13.4 billion.

With the present situation showing a year on year increase, Turkmenistan stands a fair chance of nearly doubling its growth rate if this trend continues.

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search