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.


Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search