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2022  N9-10(210-211)
Speaker of the Upper House of the Parliament of Turkmenistan Khalk Maslakhaty (People’s Council) Gurbanguly Berdimuhamedov made a working visit to Japan during which he took part in the funeral ceremony of the late Prime Minister of Japan, Shinzo Abe.
As part of the visit, the ex-president of Turkmenistan also held a series of talks with Japanese Prime Minister Fumio Kishida and representatives of the Japanese business.
During the meeting with the head of the government of Japan, the interlocutors discussed priority areas for development of the Turkmen-Japanese economic partnership. They noted the importance of speeding up the work on creation of modern science-intensive industries focused on production of goods that are popular in the international market.
The sides also discussed cooperation in the transport sector. In this regard, the sides noted the desirability of exploring opportunities for establishing air communication along the Ashgabat-Tokyo-Ashgabat route.
The discussion of Turkmen-Japanese economic cooperation in specific areas was continued during the meeting between the Speaker of the Upper House of the Turkmen parliament and top managers of leading Japanese companies, such as Kawasaki Heavy Industries, Sanko Selko, Komatsu, Itochu, Mitsubishi, Sumitomo, Marubeni, Sojitz and JGC.
According to Gurbanguly Berdimuhamedov, in the last four years alone, large industrial facilities were commissioned in Turkmenistan with participation of Japanese companies, including a gas chemical complex for production of ammonia and urea in Garabogaz, a polymer plant in Kiyanly, a plant for production of gasoline from natural gas in Ovadandepe and a gas turbine power plant in Lebap province in the east of the country. According to him, Komatsu earth-moving equipment worth more than USD 470 million and Toyota vehicles worth about USD 90 million are being supplied to Turkmenistan in accordance with a general agreement.
Gurbanguly Berdimuhamedov thanked the Japanese businessmen for their cooperation and confirmed Turkmenistan’s readiness for diversification and expansion of bilateral partnership.
“As a whole, the total Japanese investment package in Turkmenistan looks very solid. As of today, 38 investment projects with the participation of Japanese companies have been registered in our country for a total amount exceeding USD 11 billion, about 230 million euro and almost 17 billion yen,” the Speaker of the Upper House of the Parliament of Turkmenistan said.
According to him, these figures confirm the level of confidence of the Japanese business in Turkmenistan, and there is every reason for this. Despite the difficult situation in the world economy, Turkmenistan continues to demonstrate stable economic performance, and the growth of the gross domestic product remains at the level of more than 6 percent.
“The annual investments in our economy total about 35–40 percent of GDP, which is about USD 17 billion. At the same time, the share of foreign investments is up to 15 percent of total investments,” he stressed.
Gurbanguly Berdimuhamedov also spoke about the use of green energy, noting that Turkmenistan is studying the Japanese experience on reduction of greenhouse gas emissions using renewable energy sources and hydrogen.
“We highly appreciate this approach and would like to continue working in this direction. We also hope that with funding from the Japan Bank for International Cooperation (JBIC) there will be implemented the GTG2 project on production of gasoline from natural gas using advanced technologies from Kawasaki in the field of clean energy,” the Speaker of the Upper House of the Parliament of Turkmenistan emphasized.
He invited Japanese businessmen to take active part in the implementation of large-scale, high-tech projects in Turkmenistan, referring to construction of a plant for the production of 600 thousand tons of ammonia and 1 million 155 thousand tons of carbamide fertilizers in Garabogaz; a plant for production of 600 thousand tons of gasoline from natural gas in Ovadandepe; a plant for production of 300 thousand tons of phosphate fertilizers in Turkmenabad; and a plant for production of 640 thousand tons of urea and 400 thousand tons of ammonia.


©Turkmenistan Analytic magazine, 2005