On November 28, 2023, the 7th meeting of the Intergovernmental Turkmen-Azerbaijani Commission on Economic Cooperation was held in Ashgabat.

At the meeting, the delegation of Turkmenistan was headed by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Atdayev, the delegation of the Republic of Azerbaijan was headed by the Minister of Economy of the Republic of Azerbaijan Mikail Jabbarov.

During the meeting, the implementation progress of the decisions of the 6th meeting of the Commission by the ministries and state agencies of the two countries was discussed, as well as the current state and prospects for expanding bilateral trade and economic cooperation. At the same time, positive dynamics in the growth of trade turnover between the two countries was noted.

The parties agreed to intensify cooperation in the energy and oil and gas sectors, in the chemical industry, in the field of transport and communications, agriculture and food industry, environmental protection, urban planning and architecture, as well as in the humanitarian sphere.

An agreement was reached on the active participation of representatives of the private sector of the two countries in business events held in Turkmenistan and Azerbaijan.

The participants noted the high level of development of cooperation in the gas industry between the state concern "Turkmengas" and the State Oil Company of Azerbaijan (SOCAR) and welcomed the opening of the SOCAR representative office in Ashgabat.

Following the meeting, the Protocol of the 7th meeting of the Intergovernmental Turkmen-Azerbaijani Commission on Economic Cooperation was signed.

The parties agreed to hold the 8th meeting of the Commission in the city of Baku.

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On November 28, 2023, a meeting of the Turkmen-Azerbaijani business forum was held in Ashgabat.

The forum was attended by representatives of ministries, state agencies of Turkmenistan and the Republic of Azerbaijan, as well as representatives of numerous companies specializing in the oil and gas industry, textile and food industries, agriculture, construction and production of building materials, pharmaceutical industry, transport and logistics, the field of information technology, etc.

Deputy Chairman of the Cabinet of Ministers of Turkmenistan B.Atdayev and Minister of Economy of the Republic of Azerbaijan M.Jabbarov spoke at the opening of the forum.

Representatives of the Turkmen side informed their Azerbaijani partners about the measures being taken to strengthen the national economy and gradually increase the share of private sector enterprises in GDP.

It was noted that Turkmenistan in every possible way stimulates entrepreneurial activity and the activity of the domestic business community, creating optimal legal, economic, financial and social conditions for the coherent and effective development of small and medium-sized businesses and support for private initiative.

During the business meeting, which took place in an open, trusting atmosphere, approaches to further building business partnerships in a number of key areas were specified, taking into account the emerging prospects and the existing positive experience of working together.

According to the general opinion, the most important condition for the success of this work is the holding on a regular basis of joint exhibitions with the participation of manufacturers of goods and services from both countries, as well as the organization of joint business forums and various business meetings.

Expressing their readiness for long-term cooperation, members of the delegations of the two countries voiced specific proposals for further increasing the volume of trade turnover, expanding and diversifying mutually beneficial economic partnership.

A number of separate bilateral meetings and negotiations were held within the framework of the forum.

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In the evening, a concert is held at the Mukams Palace of the State Cultural Center of Turkmenistan, organized by the Embassy of the Azerbaijan Republic in our country together with the Ministry of Culture of Turkmenistan, in honor of the 100th anniversary of the birth of the leader of the Azerbaijani people, Heydar Aliyev.