Business in Turkmenistan, Ashgabat

The aims of the subject “Foreign Trade and Business in Turkmenistan” are the following:

1. To analyze the Turkmen Economy and Global Trade
2. To know the business opportunities in Turkmenistan
3. To explore the Turkmen trade relations with the country of the student
4. To know the Turkmen Trade Agreements
5. To examine the profile of Turkmen Companies
6. To develop a business plan for the Turkmen Market

The Subject “Foreign Trade and Business in Turkmenistan” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: Islamic Business, World Trade.

Languages: (or Turkmenistán Turkménistan).

1. Credits of the subject “Doing Business in Turkmenistan”: 1
2. Duration: one week

Economic Corridors related to Turkmenistan

1. Almaty-Bishkek Corridor
2. Silk Road
3. Corridor of the Ashgabat Agreement
4. China-Central-West Asia Corridor
5. Trans-Caspian Corridor
6. Afghanistan-Turkey Corridor
7. Transit and Transport Cooperation Agreement (Lapis Lazuli Route Agreement)
8. Transport Corridor Europe-Caucasus-Asia (TRACECA) - is not a member, but has requested the access

Turkmen Preferential Access and Trade Agreements:

1. Turkmenistan and the Central Eurasian Economic Area
2. Economic Cooperation Organization (ECO)
3. Central Asia Cooperation (CAREC)
4. GSP
5. Armenia-Turkmenistan Agreement
6. Turkmenistan-Georgia Agreement
7. Ukraine-Turkmenistan Agreement
8. Russia-Turkmenistan Agreement
9. Trade Agreement with the Eurasian Economic Union
10. Islamic Trade Preferential System
11. CIS (associated)
12. SCO (Guest Attendance)

1. World Trade Organization (WTO) - Government with observer status
2. WCO
   1. Kyoto Convention
3. Organization for Cooperation between Railways (OSJD)
4. BIC (Containers)
5. Chicago Convention (ICAO)
6. International Maritime Organization
7. IRU
   1. TIR Convention
   2. Guidelines on Safe Load Securing for Road Transport

1. OIC
2. Islamic Development Bank
3. Asia-Middle East (AMED)

Euro-Asian Organizations:

1. Boao Forum for Asia
2. European Investment Bank
3. UNECE
4. OSCE
5. Africa-Asia Partnership
6. ESCAP
7. Asian Development Bank
8. Asia Cooperation Dialogue

1. UN
2. WB
3. WTO
4. IMF

1. The Republic of Turkmenistan shares borders with Afghanistan, Kazakhstan, Iran, and Uzbekistan
2. Turkmen Population: 5 million people
3. 85% of the population are Turkmen
4. Area of Turkmenistan: 491,000 km²
5. Turkmen Capital: Ashgabat
6. Official language of Turkmenistan: Turkmen (Turkic group of languages)
   1. English and Russian are widely spoken
7. The Great Silk Road passes through Turkmenistan
8. Territorial organization of Turkmenistan: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
9. Turkmen independence: 1991 (URSS)
10. Turkmenistan is a Presidential Republic

Main religion: Islam.

Turkmenistan belongs to the Sunni-Turkic area of the Islamic Civilization

Turkmen Economy.

1. Agriculture: 80% of Turkmenistan is farm lands
2. Significant water resources (Karakum River)
3. Turkmen Mineral resources: hydrocarbon, mining, salt, boron, magnesium, potassium, rubidium, and bentonite
4. Drilling and exploration for petrol and gas
5. Turkmen industrial sector: petrol and gas, chemical, electric power, engineering, and textile (60 textile complexes)
6. The main sectors of the Turkmen economy are petrol and gas, power engineering, agriculture, construction, transport and communications, chemical, textile, and building materials
7. The Turkmenbashi complex of petroleum refineries is the largest high-octane gasoline and kerosene producer in Central Asia
8. Gas pipelines to China and Iran
9. Turkmen currency: Manat
10. Turkmenistan is one of the ten most corrupt countries

Global Trade and Business in Turkmenistan:

International Trade of Turkmenistan.

1. The main exports of Turkmenistan are petroleum, carbon, cement, salt, iodine, and grains
2. Turkmenistan is an Electricity exporter (Afghanistan, Iran, Turkey, and Tajikistan)
3. Construction of the Kazakhstan-Turkmenistan-Iran Railway
4. Regional transit centre (Rail transport)

(c) EENI Global Business School (1995-2023)
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