Turkmenistan and U.S. Representatives Explore Prospects for Economic Partnership
A Turkmen-American business forum was held in Ashgabat to discuss opportunities for expanding economic cooperation between Turkmenistan and the United States. The event brought together a delegation of American business leaders led by Eric Stewart, Executive Director of the Turkmen-American Business Council. In their remarks, representatives from both sides emphasized the friendly and cooperative nature of Turkmen-American relations, reaffirming their commitment to deepening ties based on mutual benefit. Turkmenistan, focused on economic diversification and the adoption of advanced technologies, expressed readiness to support U.S. companies in establishing and expanding operations in the Turkmen market. It was highlighted that Turkmenistan offers favorable conditions for investors, including legal and organizational mechanisms to facilitate business activities. The U.S. delegation underscored the strong interest of leading American companies in the Turkmen market and their willingness to contribute to strategic programs aimed at regional development. Companies such as John Deere, Case, General Electric, Boeing, and others are already operating successfully in key sectors of the Turkmen economy. Discussions during the forum centered on priority areas of collaboration, including: Industry, agriculture, and water resources: Supplies of advanced equipment to boost productivity. Fuel and energy sector: Joint projects to advance energy infrastructure. Transportation and construction: Enhancing connectivity and infrastructure development. Innovative technologies, healthcare, and ecology: Promoting sustainable solutions and technological progress. Special attention was given to the role of the Turkmen-American Business Council as a key platform for fostering partnerships between public and private sectors in both countries. Meetings between Turkmen ministries and agencies and representatives of the U.S. business community took place as part of the forum. Discussions focused on opportunities to increase bilateral trade, expand investment activities, and enhance cooperation in high-tech industries. Participants outlined practical steps for implementing joint projects to further strengthen economic ties. Turkmen-American cooperation continues to develop across multiple sectors. Notable recent engagements include: February 2024: The U.S. State Department hosted talks with a Turkmen delegation led by U.S. Deputy Assistant Secretary of State for Central Asia, John Pommersheim, covering political, economic, and cultural cooperation. April 2024: Political consultations in Ashgabat reaffirmed mutual commitments to enhancing bilateral ties. August 2024: Turkmen Deputy Foreign Minister Ahmed Gurbanov met with U.S. Ambassador Elizabeth Rood to discuss future collaboration prospects. Both sides highlighted the importance of regular political consultations and multilateral platforms such as the C5+1 format for coordinating joint actions and fostering regional development.