EENI Global Business School

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 Turkmenistan” are the following:

  1. To analyze the Turkmen Economy and Global 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 Student Master in International Business

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

Masters: International Business, Foreign Trade.

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

Doctorate: Islamic Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Languages: 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.

Online Course Business in Central Eurasia

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

International Trade and Business in Turkmenistan.

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

Economic Corridors related to Turkmenistan
  1. Almaty-Bishkek Corridor;
  2. Silk Road;
  3. Corridor of the Ashgabat Agreement;
  4. China-Central-West Asia Corridor;
  5. Trans-Caspian Corridor;
  6. Afghanistan-Turkey Corridor;
  7. Transit and Transport Cooperation Agreement (Lapis Lazuli Route Agreement);
  8. Transport Corridor Europe-Caucasus-Asia (TRACECA) - is not a member, but has requested the access.

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

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

Turkmen Preferential Access and Free Trade Agreements:

  1. Turkmenistan and the Central Eurasian Economic Area;
  2. ECO;
  3. Central Asia Regional Economic Cooperation (CAREC) Programme;
  4. The EU: Generalized System of Preferences (GSP);
  5. Armenia-Turkmenistan FTA;
  6. Turkmenistan-Georgia FTA;
  7. Ukraine-Turkmenistan FTA;
  8. Russia-Turkmenistan FTA;
  9. Free Trade Agreement with the Eurasian Economic Union (EAEU);
  10. Islamic Trade Preferential System;
  11. CIS (associated);
  12. 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. WCO
    1. Kyoto Convention.
  3. OSJD;
  4. BIC;
  5. Chicago Convention (ICAO);
  6. IMO;
  7. IRU
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.

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

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

  1. OIC
    1. Committee for Economic Cooperation;
    2. Islamic Chamber of Commerce;
    3. Islamic Centre for Development of Trade;
    4. Economic Centre for Islamic Countries.
  2. Islamic Development Bank;
  3. Asia-Middle East (AMED).

Euro-Asian Trade and Economic Organizations:

  1. Boao Forum for Asia;
  2. European Investment Bank;
  3. UNECE;
  4. OSCE;
  5. Africa-Asia Partnership;
  6. ESCAP;
  7. Asian Development Bank;
  8. Asia Cooperation Dialogue.

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

  1. UN
    1. UNCTAD;
    2. ITC;
    3. WIPO.
  2. WB;
  3. WTO;
  4. 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 km²;
  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.

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

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

Global 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)

International 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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