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Doing Business in Turkmenistan

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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 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 analyze the Turkmen Economy and International Trade;
  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.

Turkmenistan Gap Pazarlama (Course Master Doctorate)

Online Course Business in Central Eurasia

Online Student Master in International Business

The Subject “Foreign Trade and Business in Turkmenistan” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate (DIB): Islamic Business, Asian Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English (or Study Master Doctorate in International Business in Spanish Turkmenistán Study, Course Master Doctorate in International Business in French Turkménistan).

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

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

Foreign Trade and Business in Turkmenistan.

Eurasian Land Transport Initiative (Silk Road, China-Europe) - Online Education

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

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Turkmen Preferential Access and Free Trade Agreements:

  1. Turkmenistan and the Central Eurasian Economic Area;
  2. Economic Cooperation Organization (ECO);
  3. Central Asia Regional Economic Cooperation (CAREC) Programme;
  4. European Union: Generalized 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 Organization (SCO) (Guest Attendance).

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

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  1. World Trade Organization (WTO) - Government with observer status;
  2. World Customs Organization (WCO)
    1. Revised Kyoto Convention (RKC).
  3. Organization for Cooperation between Railways (OSJD);
  4. International Bureau of Containers and Intermodal Transport (BIC);
  5. International Civil Aviation Organization (ICAO, Chicago Convention);
  6. International Maritime Organization (IMO);
  7. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.

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

Islamic Organizations. Arab League. Online Education (Courses, Masters, Doctorate)

Islamic Organizations:

  1. Organization of Islamic Cooperation (OIC)
    1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
    2. Islamic Chamber of Commerce and Industry (ICCI);
    3. Islamic Centre for Development of Trade (ICDT);
    4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
  2. Islamic Development Bank (IsDB);
  3. Asia-Middle East (AMED).

Euro-Asian Trade and Economic Organizations:

  1. Boao Forum for Asia;
  2. European Investment Bank;
  3. Economic Commission for Europe (UNECE);
  4. Organization for Security and Cooperation in Europe (OSCE);
  5. Africa-Asia Strategic Partnership (NAASP);
  6. Economic and Social Commission for Asia and the Pacific (ESCAP);
  7. Asian Development Bank (ADB);
  8. Asia Cooperation Dialogue (ACD).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Organizations:

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD);
    2. International Trade Centre (INTRACEN);
    3. World Intellectual Property Organization (WIPO).
  2. World Bank (WB);
  3. World Trade Organization (WTO);
  4. International Monetary Fund (IMF).

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 kilometers;
  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 organization 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 Civilization

Islam and Global Business. Islamic Economic Areas. Online Education (Courses, Masters, Doctorate)

Foreign Trade and Business in Turkmenistan:
International Trade and Business in Turkmenistan

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 (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

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 Organization (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

(c) EENI Global Business School (1995-2023)
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