The third meeting of the Turkmen-Chinese working group on investment cooperation was held in Ashgabat, the Ministry of Foreign Affairs of Turkmenistan reports.

During the meeting, the progress of the implementation of the agreements reached between the President of Turkmenistan Serdar Berdimuhamedov and the Chairman of the People's Republic of China Xi Jinping during the Central Asia-China summit in May 2023 was analyzed, and key areas for further cooperation were outlined.

It was decided to actively study and stimulate the expansion of the scale of mutual investments, strengthen the role of the working group and other mechanisms of interaction in key areas.

 The Turkmen side was represented by specialists from the Ministry of Finance and Economy, the Central Bank, Vnesheconombank, the Ministries of Industry and Construction, Textile Industry, Energy, Agriculture, Environmental Protection, the State Concerns Turkmennebit, Turkmengaz, Turkmenhimiya, the State Corporation Turkmengeology, divisions of the Agency for Transport and Communications, state associations of livestock and poultry farming, food industry, grain products, as well as the Union of Industrialists and Entrepreneurs.

The Chinese side was represented by representatives of the Ministry of Commerce and regional departments for investment management and foreign trade, the Export-Import Bank of China, the China Chamber of Commerce for the Import and Export of Mechanical Engineering and Electronic Products, top managers of companies specializing in industrial engineering, computer technology, oilfield and chemical equipment, CNPC Corporation and its branches in Turkmenistan, as well as Huawei Technologies.

 The Turkmen side acquainted the Chinese participants of the meeting with the measures taken to improve the investment climate and business conditions in the country, the promotion of the WTO accession process and the latest assessment studies of the international rating agency «Fitch ratings».

The Chinese delegation informed about the work done on important projects in the oil and gas sector, transport and chemical industry.

During the talks, mutual readiness was confirmed to deepen cooperation in such traditional areas of cooperation as energy resources and infrastructure, as well as to identify the potential for partnership in the areas of green energy and mining.

Representatives of the business circles of the two countries held an in-depth exchange of views on activating investment relations in the industrial sector and agreed to continue working to improve the mechanisms of interaction.