OREANDA-NEWS. June 3, 2008. The Economic Forum was held in Ashkhabad in the framework of the International Exhibition timed to Turkmen Textile Worker Day. The leading Turkmen and foreign specialists, experts, business and private entrepreneurs from Belgium, Germany, Great Britain, Switzerland, Russia, China and Korea and other countries worldwide gathered together in the conference hall of the Ministry of Textile Industry of Turkmenistan.

The Turkmen specialists presented the reports focused on the achievements of Turkmen textile industry and the prospects of mutually advantageous co-operation in implementing its profound potential. The fact that during the years of independence dozens of the textile enterprises had been constructed and put into operation in Turkmenistan that enabled to increase the volume of ginned cotton processed in the country from 3 to 50 percent testified to dynamic development of one of the leading sectors of Turkmen economy. Thus, within the unprecedented period the full-scale processing infrastructure including the network of the cotton spinning factories, weaving mills and garment factories manufacturing the products able to compete with the world-renowned analogues was established in Turkmenistan. Over 90 percent of textile goods produced in Turkmenistan are exported to the foreign countries including the United States, Canada, Germany, Great Britain, Russia, Italy, Turkey, China and Ukraine.

Those speaking at the forum put emphasis on the effective, environmentally friendly technologies widely applied at the textile enterprises of Turkmenistan. Along with the high quality this factor set the conditions for steadily increasing demand for the products labeled “Made in Turkmenistan”. Textile equipment produced by the world’s leading manufacturers including Rieter and Beninger (Switzerland), Howa and Tsudakoma (Japan), Marzoli and Vamatex (Italy), Terrot and Bruckner (Germany), Zimmer and MHM (Austria) contributed to the fulfillment of the tasks.

Speaking at the forum the foreign participants highly appreciated the national textile industry strategy and focused on the endeavours to intensify effective mutually advantageous co-operation. In particular, they noted that the favourable investment climate as a result of the open door policy initiated by President Gurbanguly Berdimuhamedov made the very promising Turkmen market very attractive for foreign partners. Sharing their plans and expectations for further fruitful co-operation the specialists of Rieter, Jum Shui, Engin Group, KITECH, Hansman and other companies said that these plans had been conditioned by the large scale of the textile projects initiated by Turkmenistan.

Along with Turkmenistan’s long-term partners the companies willing to operate on the Turkmen market and interested in establishing the close business contacts took part in the forum. These included Hunsman and Bezema (Switzerland), BASF (Germany), Le Kler and Meert (Belgium), Tchaikovsky Tekstil Closed Corporation and Tekstilmash (Russia) and the others.

Summing up the forum the participants called for maintaining the fruitful dialogue to intensify and expand effective mutually advantageous co-operation that the favourable conditions and opportunities existed for in Turkmenistan.