BAKU, Azerbaijan, June 10. Turkmenistan and
Georgia discussed the legal framework for business and economic
cooperation, Trend
reports via the Turkmen MFA.
The discussions took place during a meeting between Turkmen
Ambassador to Georgia Dovletmyrat Seyitmammedov and Georgian Deputy
Minister of Economy and Sustainable Development Tamar Ioseliani in
Tbilisi. The meeting was also attended by Head of the Department of
Trade Development and International Economic Relations at the
Ministry of Economy and Sustainable Development, Givi Zedelashvili,
and Director General of Georgian Railway, Lasha Abashidze.
The sides underlined that further improvement of the bilateral
treaty and legal base remains an important factor for the
sustainable development of trade and economic ties and creating
more favorable conditions for joint economic initiatives between
Turkmenistan and Georgia.
For reference, trade and economic relations between Turkmenistan
and Georgia are based on a stable legal framework consisting of
bilateral agreements and multilateral trade arrangements. Despite
Georgia’s withdrawal from the Commonwealth of Independent States
(CIS) in 2009, the two countries continue to apply the provisions
of the 1994 CIS Free Trade Area Agreement in their bilateral trade,
ensuring preferential tariff treatment and facilitating transit
operations.
Bilateral economic cooperation is coordinated through the
Intergovernmental Turkmen-Georgian Commission on Economic
Cooperation, which serves as the principal mechanism for monitoring
the implementation of existing agreements and identifying new areas
of cooperation. The Commission’s agenda covers trade, transport,
logistics, energy, investment, and other sectors of mutual
interest.
