Doing Business in Turkmenistan
EENI - Business School.
Subject (Course): International Trade and Business in Turkmenistan.
- Introduction to the Republic of Turkmenistan (Central
- Turkmen economy
- Economic Profile of Turkmenistan's Regions
- Doing Business in Ashgabat
- Foreign Trade of Turkmenistan
- Business Opportunities in Turkmenistan
- Food industry
- Case Study:
- Awaza National Tourism Zone
- Gap Pazarlama (Textile)
- Access to the Turkmen Market
- Business Plan for Turkmenistan
Aims of the subject “Doing Business in the Republic of Turkmenistan”:
- To analyse the Turkmen economy and foreign trade
- To evaluate business opportunities in Turkmenistan
- To explore Turkmenistan's trade relations with the student's country
- To know Turkmenistan's Free Trade Agreements
- To examine the profile of Turkmen Companies
- To develop a business plan for the Turkmen Market
Sample of the subject - Doing Business in Turkmenistan:
Subject Description (Doing Business in Turkmenistan).
The Republic of Turkmenistan.
- Turkmenistan shares borders with Afghanistan, Kazakhstan, Iran, and Uzbekistan
- Population: 5 millions of people.
- 85% of the population are Turkmen.
- Area: 491,000 square kilometres
- Capital: Ashgabat
- The official language: Turkmen (Turkic group of languages).
- English and Russian are widely spoken.
- Great Silk Road passes through Turkmenistan
- Territorial organisation: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
- Turkmen independence: 1991 (URSS)
- Turkmenistan is a Presidential Republic
- The main religion: Islam
- Turkmenistan belongs to the Sunni-Turkic area of the Islamic Civilisation.
- Agriculture: 80% of Turkmenistan is farm lands
- Significant water resources (Karakum River)
- Mineral resources: hydrocarbon, mining, salt, boron, magnesium, potassium, rubidium, and bentonite
- Drilling and exploration for petrol and gas
- Turkmen industrial sector: petrol and gas, chemical, electric power, engineering, and textile (60 textile complexes)
- The main sectors of the Turkmen economy: petrol and gas, power engineering, agriculture, construction, transport and communications, chemical, textile, and building materials
- Turkmenbashi complex of petroleum refineries is the largest producer of high-octane gasoline and kerosene in Central Asia
- Gas pipelines to China and Iran.
- Turkmen currency: the Manat.
- Turkmenistan is one of the ten most corrupt countries
Foreign Trade of Turkmenistan.
- The main exports of Turkmenistan:
petroleum, carbon, cement, salt, iodine, and grains
- Exporter of electricity (Afghanistan, Iran, Turkey, and Tajikistan)
- Construction of the railway Kazakhstan-Turkmenistan-Iran
- Regional transit centre of railway transport
Turkmenistan has preferential access/FTA.
- Economic Cooperation Organisation (ECO)
- Central Asia Regional Economic
Cooperation (CAREC) Programme
- The European Union Generalised System of Preferences (GSP)
- Commonwealth of Independent States (CIS) (associated)
- Shanghai Cooperation Organisation (SCO) (Guest Attendance)
- Armenia-Turkmenistan Free Trade Agreement (FTA)
- Turkmenistan-Georgia Free Trade Agreement (FTA)
- Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)
Turkmenistan is a member of…
- Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- World Customs Organisation
- Economic Social Commission Asia-Pacific (ESCAP)
- Asian Development Bank
- Asia Cooperation Dialogue (ACD)
- Boao Forum for Asia
- Economic Commission Europe (UNECE)
- Turkmenistan - Middle East (AMED)
- European Investment Bank
- Africa-Asia Strategic Partnership (NAASP)