Armenia intends to promote its brands in the Turkmen market

Armenia intends to promote its brands in the Turkmen market

A meeting between the Minister of Finance and Economics of Turkmenistan B. Bazarov and the delegation of the Republic of Armenia, which included A. Avanesyan (Deputy Minister of Economy) and G. Vardanyan (Deputy Minister of High-Tech Industry) was held in Ashgabat.

At the meeting, the parties discussed in detail the issues of expanding trade and economic cooperation between Turkmenistan and Armenia by increasing export-import operations and enhancing partnership in various sectors of the economy.

The Turkmen side took the initiative to create Trading houses in the territories of both states. This practice has proven to be effective in expanding the assortment and nomenclature of goods delivered to the partner country. As reported by ORIENT in the Ministry of Finance of Turkmenistan, the delegation of Armenia expressed a certain interest in this proposal.

During the meeting, they discussed in detail the issues of increasing the export of Turkmen oil and gas, textile and agricultural products to Armenia, as well as the prospects for expanding the supply to Turkmenistan of various goods from Armenia, including jewelry, branded cognac, etc.

A special place in the negotiation process was assigned to issues of interaction in the field of digitalization of the financial and banking sector of Turkmenistan, taking into account the certain experience of Armenian specialists in this direction, which has found application in a number of states, including Australia, the Russian Federation, Iran and other states.

The parties agreed to consider the proposals that were made during the meeting and, if confirmed, to prepare the relevant project documents.