Turkmenistan welcomes investment activity of Japanese partners-Gurbanguly Berdimuhamedov

Vice-Chairman of the Cabinet of Ministers and foreign Minister of Turkmenistan R. Meredov reported on the key issues of Turkmen-Japanese cooperation in the political-diplomatic, trade-economic, scientific-technical and investment spheres during the working trip of President Gurbanguly Berdimuhamedov to Akhal region, during which the head of state got acquainted with the construction of the plant in Ovadandepe for the production of synthetic gasoline from natural gas.

As the Vice-Chairman noted, the Turkmen-Japanese partnership has been successfully developing both in bilateral and multilateral format, in particular, within the framework of the Dialogue "Central Asia + Japan".

New prospects for the expansion of inter – state relations were opened by the agreements reached following the talks at the top in 2009 and 2013 during the official visits of the President of Turkmenistan to Japan, as well as in 2015-during the official visit of the Prime Minister of Japan to our country. Then solid packages of bilateral documents were signed, the legal framework for long-term cooperation was formed.

Fruitful negotiations were held in October 2018 during the working visit of the government delegation of Turkmenistan to Japan. Within its framework, the possibilities of deepening the partnership in the gas chemical industry, electricity, transport were considered.

During this visit, 8 documents were signed, providing for the implementation of new projects, including the construction of plants for the production of ammonia and urea, natural gas processing and gasoline production, a plant for the production of phosphate fertilizers, as well as partnership with the Japanese Bank for International Cooperation (JBIC), the supply of earthmoving equipment of Komatsu and Toyota cars to Turkmenistan.

During the report, Vice-Chairman reported on the planned visit to Turkmenistan of the co-Chairman of the joint Japan-Turkmenistan Committee on economic cooperation, the head of the company "ITOCHU Corporation" Yoichi Kobayashi.

Summing up the report, Gurbanguly Berdimuhamedov stressed that building up partnership with Japan is one of the priority directions of development of Turkmenistan's dialogue with the countries of the Asia-Pacific region.

Stressing the dynamic nature of bilateral relations, the President noted that every year this partnership acquires new incentives and specific content. Thus, a number of investment projects involving well-known Japanese companies have already been successfully implemented. Among them-the construction of plants for the production of ammonia and urea in Mary, large industrial complexes for the production of polyethylene at TCOR, urea fertilizers in Garabogaz, polyethylene and polypropylene in Kiyanly.

Completion of construction and commissioning of the plant for the production of synthetic gasoline in Ovadandepe will be another confirmation of the high efficiency of the country's energy strategy, Gurbanguly Berdimuhamedov said.

At the same time, the head of the state stressed that Turkmenistan intends to continue to focus on the creation of high-tech industries and the active use of advanced high-efficiency and environmentally friendly technologies, innovative developments and know-how.

"Our country, which has embarked on industrialization and diversification of the economy, welcomes the investment activity of the Japanese partners," the President said.

In this context, the head of state gave specific instructions to the relevant leaders to build up Turkmen-Japanese economic cooperation and investment activities, where the priority vectors are oil and gas processing and industrial sectors, as well as to strengthen ties between financial and banking structures, small and medium-sized businesses, science and education.

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