Home / Knowledge / News / Textiles / President visits Turkey for strengthening trade ties
President visits Turkey for strengthening trade ties
25
Mar '08
Turkmen President Gurbanguly Berdimuhamedov is currently on a visit to Turkey for holding a high level talk about the current state, future development of bilateral cooperation and international policies of mutual interest.

The meeting between the two heads of states is expected to result in inking of new Turkmen-Turkish partnership that will lead to qualitatively new level for meeting mutual interest.

A latest statistical survey shows that nearly 479 enterprises of Turkey with Turkish capital operate in Turkmenistan accounting for about 33 percent of the total foreign companies present in the country.

Moreover, Turkmenistan has contracted 809 projects involving Turkish companies worth US $6 billion, Euro 707 million and Manat 69 billion.

On the other hand Turkish companies have made direct investments worth Manat 11.5 billion and $3,279 million. Of these, the textile industry alone accounts for $2,567 million. Trade turn over between the two countries in the year 2007 rose by nearly three times to touch over $1,296 billion compared to 2000.

While Turkey stands fourth in exports made by Turkmenistan, it holds the first place with regard to imports made by the country.

Turkmenistan largely exports textiles, cotton lint, petrochemicals and oil products, while Turkey's export to the country includes mainly machinery and equipments among others.

The ongoing talks between the heads of states and the accord that will be signed eventually will only result in strengthening trade partnership between the two countries.


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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