EENI Global Business School
Business in Turkmenistan, Ashgabat



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Syllabus of the Subject: Foreign Trade and Business in Turkmenistan. Ashgabat

  1. Introduction to the Republic of Turkmenistan
  2. Turkmen Economy
    1. Economic Profile of the Regions of Turkmenistan
  3. Doing Business in Ashgabat
  4. Foreign Trade (Import, Export) of Turkmenistan
  5. Business Opportunities in Turkmenistan
    1. Construction
    2. Textiles
    3. Energy
    4. Food industry
  6. Case Study:
    1. Awaza National Tourism Zone
    2. Gap Pazarlama (Textile)
  7. Access to the Turkmen Market
  8. Business Plan for Turkmenistan
Economic Corridors related to Turkmenistan
  1. Almaty-Bishkek Economic Corridor
  2. Eurasian Land Transport Initiative (Silk Road)
  3. International Transport and Transit Corridor of the Ashgabat Agreement
  4. China-Central Asia-West Asia Economic Corridor
  5. Trans-Caspian Trade and Transit Corridor (Central Corridor)
  6. Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli)
  7. Access to the:
    1. Kyrgyzstan-Tajikistan-Afghanistan-Iran Transport Corridor (KTAI -ECO)
    2. China-Pakistan Economic Corridor
    3. India-Chabahar (Iran)-Afghanistan Corridor
    4. International North-South Transport Corridor (India-Russia)
    5. Islamabad-Tehran-Istanbul Rail and Road Corridor (ITI-ECO) (not ratified)
  8. Transport Corridor Europe-Caucasus-Asia (TRACECA) - is not a member , but has requested the access

Turkmen Preferential Access and Free Trade Agreements

  1. Turkmenistan and the Central Eurasian Economic Area
  2. Economic Cooperation Organisation (ECO)
  3. Central Asia Regional Economic Cooperation (CAREC) Programme
  4. European Union: Generalised System of Preferences (GSP)
  5. Commonwealth of Independent States (CIS) (associated)
  6. Shanghai Cooperation Organisation (SCO) (Guest Attendance)
  7. Armenia-Turkmenistan Free Trade Agreement (FTA)
  8. Turkmenistan-Georgia Free Trade Agreement (FTA)
  9. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)
  10. Transit and Transport Cooperation Agreement (Lapis Lazuli Route Agreement)
  11. Iran-Pakistan-Turkey Transit Transport Framework Agreement (TTFA) - has not ratified the TTFA
  12. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)

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

  1. To analyse the Turkmen Economy and Foreign Trade (Import, Export, FDI)
  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 “Doing Business in Turkmenistan” belongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Masters: Business in Muslim Countries, International Business, Foreign Trade, Asia
  2. Doctorates: Islamic Business, Asian Business, World Trade
  3. Course: Business in Central Asia

EENI Online Masters and Doctorates in Global Business adapted to the Turkmenistan, Master Doctorate Business Turkmen Students.

Online Student Master in International Business

Learning materials in Master in International Business in English (or Study Master Doctorate Business in Spanish Turkmenistán Study, Master in International Business in French Turkménistan).

  1. Credits of the Subject “Foreign Trade and Business in Turkmenistan”: 1 ECTS Credits
  2. Duration: one week

Sample of the Subject - Doing Business in Turkmenistan:
Master Course: Business in Turkmenistan

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Description of the Subject: Doing Business in Turkmenistan.

The Republic of Turkmenistan.

  1. 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 square kilometres
  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 organisation of Turkmenistan: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
  9. Turkmen independence: 1991 (URSS)
  10. Turkmenistan is a Presidential Republic

Ashgabat Agreement (Transport Corridor, India, Iran) Course

Main religion: Islam

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

Turkmenistan Gap Pazarlama (Course Master)

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

Course: China-Central Asia-Western-Asia Economic Corridor

Foreign 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)

Silk Road China-Europe Eurasian Land Transport (Course Master)

Trans-Caspian Trade and Transit Corridor (Central Corridor) Course

Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli)

Central Asia Economic Cooperation CAREC, Course

Community of Independent States CIS, Course

Turkmenistan is a member of...

  1. Organisation of Islamic Cooperation (OIC)
  2. Islamic Development Bank
  3. World Customs Organisation
  4. Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Asian Development Bank (ADB)
  6. Asia Cooperation Dialogue (ACD)
  7. Boao Forum for Asia
  8. Economic Commission Europe (UNECE)
  9. Turkmenistan and the Middle East (AMED)
  10. Organisation for Cooperation between Railways (OSJD)
  11. European Investment Bank
  12. Africa-Asia Strategic Partnership (NAASP)
  13. United Nations (UN)
  14. World Bank (WB)
  15. World Trade Organisation (WTO)
  16. International Monetary Fund (IMF)

Generalised System of Preferences (GSP, Course)

Economic Cooperation Organisation (ECO, Master)

(c) EENI Global Business School
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