EENI Global Business School
Business in Turkmenistan, Ashgabat

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

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

Sample - Doing Business in Turkmenistan:
International Trade and Business in Turkmenistan

The Subject “Foreign Trade and Business in Turkmenistan” belongs to the following Online Higher Educational 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

Masters and Doctorates in Global Business adapted to the Turkmenistan, Master, International Business, Foreign Trade Turkmen Students.

Online Student Master in International Business

Learning materials in Courses, Masters, Doctorates 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




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Description: Foreign Trade and Business in Turkmenistan.

Transport and Transit Corridor, Ashgabat Agreement, India, Iran, Kazakhstan, Oman, Pakistan, Turkmenistan and Uzbekistan

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. Armenia-Turkmenistan Free Trade Agreement (FTA)
  6. Turkmenistan-Georgia Free Trade Agreement (FTA)
  7. Ukraine-Turkmenistan Free Trade Agreement
  8. Russia-Turkmenistan Free Trade Agreement (FTA)
  9. Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU)
  10. Islamic Trade Preferential System (TPS-OIC)
  11. Commonwealth of Independent States (CIS) (associated)
  12. Shanghai Cooperation Organisation (SCO) (Guest Attendance)

Community of Independent States CIS: Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan

China-Central Asia-West Asia Economic Corridor: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran Turkey. Road Transportation Course

Central Asia Regional Economic Cooperation (Trade Facilitation, customs, corridors)

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

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

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

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)

Economic Cooperation Organisation (ECO): Afghanistan, Azerbaijan, Iran, Kazakhstan, the Kyrgyz Republic, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan

Trans-Caspian Trade and Transit Corridor (China, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran and Turkey) Road Transportation Course



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