ASHGABAT, Turkmenistan, November 5. A
Turkmen–Austrian roundtable was held at the Chamber of Commerce and
Industry of Turkmenistan, bringing together an Austrian business
delegation led by Ambassador Thomas Schuller-Gotzburg and
representatives of Turkmen enterprises, Trend reports.
Discussions centered on expanding trade and investment
cooperation, with participants exploring new opportunities for
joint ventures in industry, energy, and infrastructure.
Following the plenary session, B2B meetings were held, allowing
entrepreneurs from both countries to exchange contacts and discuss
potential partnership projects.
The event was aimed at deepening business relations and
attracting Austrian investment into Turkmenistan’s economy.
To note, Turkmenistan’s upper-middle-income economy relies on
exports and government revenue from its enormous natural gas
reserves. The state controls the economy, but it is diversifying by
investing in infrastructure and strengthening the private sector.
Turkmenistan is a desert with extensive irrigated crops and
abundant gas and oil. Fourth in the world for natural gas reserves
in 2020. Turkmenistan’s main crops are cotton, which is exported,
and wheat, which is used domestically. Turkmenistan ranks among the
top 10 cotton producers.
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