;
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

93% remediation in Alliance-affiliated factories complete

Textiles | On 17th Dec 2018

93% remediation in Alliance-affiliated factories complete

Remediation in all the factories affiliated with the Alliance for...

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search