TASHKENT: Uzbek President Shavkat Mirziyoyev and visiting Turkmenistan President Serdar Berdimuhamedov discussed enhancing bilateral cooperation, particularly in the energy sector, the Uzbek President's press service said.
According to a statement released on Thursday, the Uzbek side indicated interest in "increasing cooperation in the energy sector, including the supply of power, gas, and oil products from Turkmenistan." The Turkmen side also suggested expanding industrial cooperation, diversifying and stepping up trade connections, according to the statement, the Xinhua news agency said.
"We single out the agro-industrial complex, energy, chemical and petrochemical sectors, engineering, textiles and pharmaceuticals as the specific industries where our countries have significant potential," Berdimuhamedov was quoted as saying.
In the statement, the leaders also said that the decisions made regarding the establishment of the Uzbek-Turkmen border trade zone and the opening of trading houses in both capital cities will help to sustain favourable dynamics and double the amount of commerce in the upcoming years.
The Uzbek-Turkmen interregional business event took place in Bukhara, Uzbekistan, on Wednesday, and saw the signing of investment and trade agreements worth $451 million, according to the Uzbek Ministry of Investments and Foreign Trade.
Uzbekistan, which is land-locked and Turkmenistan, has port access to the Caspian sea, share a 1,793-km border. It has significant trade agreements with the European Union (EU) and United Kingdom (UK) and needs assistance with getting products to markets in Europe.
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