Turkmenistan - Latest News/Current Events, Economic Overview & Trade Relations
AEI | Quick Facts about Turkmenistan
| Official Name | Turkmenistan |
| Capital | Ashgabat (Ashkhabad) |
| Location | Central Asia, bordering the Caspian Sea, between Iran and Kazakhstan |
| Area | total: 488,100 sq km land: 488,100 sq km water: NEGL |
| Climate | subtropical desert |
| Terrain | flat-to-rolling sandy desert with dunes rising to mountains in the south; low mountains along border with Iran; borders Caspian Sea in west |
Editor PicksBrowse Asia News Archive
Turkmenistan Needs $5 Billion Annually to Stem Gas Output Drop
Turkmenistan needs at least $5 billion in aid to able to meet export commitments to China, Iran and Russia.
read full newsTurkmen Businesses Experiencing Decrease In Trade
Turkmen entrepreneurs have been influenced by the global economic crisis.
read full newsPolitical Stability Can Be Achieved Through Economic Means: Turkmen President
Turkmenistan President, Gurbangulu Berdymuhamedov, believes that political stability can be achieved through economic measures
read full newsTurkmenistan to Raise Maternity and Disability Allowances Starting 1 July
Turkmenistan is seeking to increase maternity and disability allowances starting 1 July.
read full newsTurkmens Seek Investors for Agriculture Sector
The Turkmenistan Agricultural Sector is looking for private investment, in order to boost productivity.
read full newsTurkmenistan's Yolotan-Osman Field Is a 'Super Giant'
Turkmenistan's Yolotan-Osman is said to be one of the largest undeveloped natural-gas field.
read full newsBrowse Asia News Archive
Trade Agreements
Armenia -Turkmenistan Free Trade Agreement
http://www.worldtradelaw.net/fta/agreements/armturkmfta.
CISFTA - Commonwealth of Independent States FTA
Belarus
Georgia
Moldova, Republic Of
UkraineNever fully implemented by all members, although Free Trade Area was created in 1999; future prospects unclear. http://www.worldtradelaw.net/fta/agreements/cisfta.pdf
Turkmenistan - Georgia Free Trade Agreement
GeorgiaUS - Central Asian TIFA
The US-Central Asian TIFA will allow member countries to address trade issues and promote US trade and investment to Central Asia. It will open up a market of 55.9 million consumers to the United States. A Council was created with the agreement to promote an ongoing dialogue and open forum for countries improve trade relations.http://www.ustr.gov/assets/Trade_Agreements/TIFA/asset_upload_file683_7722.pdf
Trade Organizations
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The nations involved are Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.