Business in Turkmenistan

Subject (Course): International Trade and Doing Business in Turkmenistan. Ashgabat. Syllabus:

1. Introduction to the Republic of Turkmenistan
2. Turkmen economy
3. Economic Profile of Turkmenistan's Regions
4. Doing Business in Ashgabat
5. Foreign Trade of Turkmenistan
6. Business Opportunities in Turkmenistan
   1. Construction
   2. Textiles
   3. Energy
   4. Food industry
7. Case Study:
   1. Awaza National Tourism Zone
   2. Gap Pazarlama (Textile)
8. Access to the Turkmen Market
9. Business Plan for Turkmenistan

Aims of the subject “Foreign Trade and Doing Business in the Republic of Turkmenistan”:

1. To analyse the Turkmen economy and foreign trade
2. To evaluate business opportunities in Turkmenistan
3. To explore Turkmenistan's trade relations with the student's country
4. To know Turkmenistan's Free Trade Agreements
5. To examine the profile of Turkmen Companies
6. To develop a business plan for the Turkmen Market

Sample of the subject - Foreign Trade and Doing Business in Turkmenistan:

Subject Description (Doing Business in Turkmenistan).

The Republic of Turkmenistan.

1. Turkmenistan shares borders with Afghanistan, Kazakhstan, Iran, and Uzbekistan
2. Population: 5 millions of people.
3. 85% of the population are Turkmen.
4. Area: 491,000 square kilometres
5. Capital: Ashgabat
6. The official language: Turkmen (Turkic group of languages).
7. English and Russian are widely spoken.
8. Great Silk Road passes through Turkmenistan
9. Territorial organisation: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
10. Turkmen independence: 1991 (URSS)
11. Turkmenistan is a Presidential Republic
12. The main religion: Islam
13. Turkmenistan belongs to the Sunni-Turkic area of the Islamic Civilisation.

Turkmen Economy.

1. Agriculture: 80% of Turkmenistan is farm lands
2. Significant water resources (Karakum River)
3. 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: petrol and gas, power engineering, agriculture, construction, transport and communications, chemical, textile, and building materials
7. Turkmenbashi complex of petroleum refineries is the largest producer of high-octane gasoline and kerosene in Central Asia
8. Gas pipelines to China and Iran.
9. Turkmen currency: the Manat.
10. Turkmenistan is one of the ten most corrupt countries

Foreign Trade of Turkmenistan.

1. The main exports of Turkmenistan: petroleum, carbon, cement, salt, iodine, and grains
2. Exporter of electricity (Afghanistan, Iran, Turkey, and Tajikistan)
3. Construction of the railway Kazakhstan-Turkmenistan-Iran
4. Regional transit centre of railway transport

Turkmenistan has preferential access/FTA.

1. Economic Cooperation Organisation (ECO)
2. Central Asia Regional Economic Cooperation (CAREC) Programme
3. The European Union Generalised System of Preferences (GSP)
4. Commonwealth of Independent States (CIS) (associated)
5. Shanghai Cooperation Organisation (SCO) (Guest Attendance)
6. Armenia-Turkmenistan Free Trade Agreement (FTA)
7. Turkmenistan-Georgia Free Trade Agreement (FTA)
8. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)

Turkmenistan is a member of...

1. Organisation of Islamic Cooperation (OIC)
2. Islamic Development Bank
3. World Customs Organisation
4. Economic Social Commission Asia-Pacific (ESCAP)
5. Asian Development Bank (ADB)
6. Asia Cooperation Dialogue (ACD)
7. Boao Forum for Asia
8. Economic Commission Europe (UNECE)
9. Turkmenistan - Middle East (AMED)
10. European Investment Bank
11. Africa-Asia Strategic Partnership (NAASP)