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Sadyr Zhaparov delivers specch at opening of Kyrgyz-Turkmen Economic Forum in Ashgabat

Bishkek, June 28, 2021. / Kabar /. President of Kyrgyzstan Sadyr Zhaparov examined the exhibition of export goods of Turkmenistan and took part in the opening ceremony of the Kyrgyz-Turkmen economic forum in Ashgabat on June 27.

The events were held in the building of the Chamber of Commerce and Industry of Turkmenistan in Ashgabat, the press service of the president of the Kyrgyz Republic reported.

Deputy Chairman of the Cabinet of Ministers of Turkmenistan, Chary Gylydzhov, acquainted the head of Kyrgyzstan with the exhibition expositions, with the export potential of the country, represented by the gas and gas production, oil refining, chemical industries, the textile industry, as well as the spheres of construction, agriculture, subsoil use, etc.

Then, the opening ceremony of the Kyrgyz-Turkmen economic forum took place, at which Sadyr Zhaparov delivered a speech to representatives of government agencies and the business community of Turkmenistan.

First of all, Sadyr Zhaparov emphasized Kyrgyzstan’s commitment to maintaining continuity in the development of strategic partnership with Turkmenistan, noting the good-neighborly nature of bilateral relations between the countries.

At the same time, he noted that it is important to give a new impetus to the development of cooperation, focusing on the expansion of trade and economic interaction.

The president said that Kyrgyzstan pays close attention to issues of increasing investor confidence and creating a favorable investment climate in the country.

Also, the head of state emphasized the existing liberal legislative framework in relation to investment activities and the protection of the rights of foreign investors, which provides a number of preferences and incentives in various sectors of the economy.

Sadyr Zhaparov added, along with this, a number of bills are currently being worked out aimed at simplifying the procedures for the preparation, consideration and implementation of investment projects in the country.

He listed the investment advantages of Kyrgyzstan, including the presence of the GSP + status, which allows, in aggregate, to carry out duty-free import of more than 6 thousand items of goods to the countries of the European Union and the United States; membership in the Eurasian Economic Union, which opens up great opportunities for the export of products to the multimillion market of the EAEU member states on privileged terms; availability of available skilled labor, energy resources, liberal investment legislation and taxation system.

Sadyr Zhaparov expressed interest in exchanging experience and attracting enterprises of Turkmenistan working in the petrochemical, gas, and electric power industries to the Kyrgyz market.

The president highlighted one of the leading sectors of the economy of Turkmenistan – the textile industry, where large textile complexes, cotton spinning and weaving industries, garment factories, silk processing enterprises, shoe factories, factories for the primary processing of leather and wool operate.

The head of state called on Turkmen industrialists to open enterprises in Kyrgyzstan, where light industry is considered a priority industry, and to exchange experience with local businessmen.

The president said that Kyrgyzstan, as a country with water resources, has a huge potential in the field of renewable energy sources, which also opens up great prospects for mutually beneficial cooperation.

In addition, Sadyr Zhaparov focused on the further development of the tourism potential of the two countries, as well as interaction in the processing industry, agriculture and infrastructure.

The head of state also noted the importance of using the existing transport and transit potential of the countries, stressing the prospects of creating a joint Kyrgyz-Turkmen logistics company, which will help promote the export of Kyrgyz and Turkmen goods to world markets.

Concluding his speech, Sadyr Zhaparov called on the Turkmen business circles to consider Kyrgyzstan as a reliable business partner, and invited them to active cooperation and joint implementation of large investment projects.

The forum was attended by heads of large Turkmen enterprises producing export products.

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