YEREVAN. – Turkmenistan is interested in using Armenia’s leading track-record in developing high technology, and Armenia is interested in Turkmenistan’s textile industry and cotton threads.

But, as Armenia’s Energy and Natural Resources Minister Armen Movsisyan stated Thursday during official opening of the fourth session of the Intergovernmental Commission for Economic Cooperation between Armenia and Turkmenistan, the cooperation between both countries still has a huge resource for development. 

In his turn, the Commission’s other Co-Chair, Turkmenistan’s Deputy PM Sapardurdy Toyliev noted that the two countries’ trade turnover grew in the past decade and reached $16 million per year, and four joint investment ventures are in progress. In his view, however, the current volume of trade turnover does not fully represent the actual potential.       

The parties agreed to convene the Commission’s fifth session next year in Ashgabat.