The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan, Gurbanguly Berdimuhamedov, stated in an interview with ‘CGTN’ that trade turnover between Turkmenistan and China has increased twentyfold since 2007. This was reported by Turkmenportal.

According to Hero Arkadag, China remains Turkmenistan’s largest trade and economic partner. The annual volume of mutual trade reaches $9–10 billion.

Cooperation covers energy, transport, communications, high technology, as well as the textile and agro-industrial sectors. Cooperation in the oil and gas sector and the prospects for the development of renewable energy were highlighted separately.

In the transport sector, as the National Leader emphasised, around 90% of the country’s railway carriages and locomotives are manufactured in China. Cooperation on international transport and transit corridors is also developing, and purchases of Chinese equipment, including buses, are increasing.

The potential for expanding trade routes across the Caspian Sea to ports in the Persian Gulf and the Indian Ocean was highlighted.

Promising areas mentioned included the agro-industrial complex, urban development, the implementation of ‘smart’ cities, telecommunications and space technologies.