Turkmenistan’s President Kurbanguly Berdymukhamedov discussed with Azerbaijani President Ilham Aliyev on expanding bilateral trade ties between the both Countries on his last week’s trip to Baku.
As both countries see themselves as key to the East and West Trade Corridor, which already has received billions of dollars in investment just over the past few years.
The Trade between Turkmenistan and Azerbaijan has risen 40 percent in last year alone as compared to 2018, which is the result of connecting the Chinese and European route, under the Chinese Belt & Road Initiative.
President Berdymukhamedov has keen interest in developing foreign ties and expanding Turkmenistan’s Gas Trade Routes. He said at the Press Conference post his meeting with President Aliyev; “We defined priority areas of cooperation, in particular energy, transport, communications, chemical and textile industry, construction, technologies, service sector and etc.”
He said we both countries have reached agreement to coordinate efforts toward building East-West Transport & Transit Corridors passing through both Countries.
“We agreed to use Port Infrastructure of both Turkmenistan & Azerbaijan on the Caspian Sea in order to establish automobile-ferry and railway-ferry communication.”
President Aliyev said both Countries agreed to increase Cargo Transportation. To Increase close cooperation between Port Turkmenbashy & Port Baku.
“Given our close and good relations with our neighbours, we will attract more shippers from neighbouring countries to build a new transport corridor that will stretch thousands of kilometres.”
As per joint statement; the deepening of “Close Cooperation in the field of Transport & Transit is a major component for the development of International Trade between Countries and Regions.”
This Cooperation on Transport & Transit by both Countries, endorses the importance of the Lapis Lazuli Corridor (Afghanistan – Turkmenistan – Azerbaijan – Georgia – Turkey) & especially within the Trans-Caspian Region.
During President Berdimuhamedov’s just one day Official Visit, both Countries signed nearly 20 Documents, related to different fields; such as culture, migration, education, protection of environment, civil aviation and including land registry.