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Wednesday, 15 June 2005
Turkmenistan?s 1Q foreign trade turnover reaches US $ 2,659 bln
Topic: Economy & business
14 June 2005. Turkmenistan’s foreign trade turnover was US $2, 659 bln in January-April 2005, up 17% year-on-year, the Ashgabat correspondent of reports referring to data released by the National institute of state statistics and information.

In the first four months of the yeas, trade with CIS countries surged 28,7% to US $ 1,229,3 bln year-on-year owing to 29% rise in exports and 28% rise in imports. Trade surplus with CIS countries totaled US $ 407,3 mln.

Trade turnover with the rest of the world amounted to US $ 1,429,7 bln, an increase by 8,5% on the same period of last year. Although imports (16,8%) rose faster than did exports (3%), trade balance with those countries showed a surplus of US $ 200,3 mln.

Turkmenistan’s exports was US $ 1,633,3 bln in January-April 2005 as opposed to US $ 1,426 bln in the same period of 2004.

Exports of natural gas grew from 53% to 55%. Exports of oil products rose from 19% to 24%. Exports of textile products shrank from 7% to 6%, cotton – from 7% to 1%.

Favorable prices at the world markets of fuel-energy products contributed to achieving high export growth rates in terms of money measure of such products as natural gas, oil and oil products. In fact, in the four months of the year, a 23% rise in the average export price made it possible to increase natural gas supplies in terms of money measure by 17,6% against a 4% fall in volume of exports year-on-year. The same trend was reported in exports of oil and oil products. Exports of electricity in the reported period grew both in money measure (16,8%) and in volumes (by 16,4%).

Turkmenistan exported to 50 countries, with Ukraine, Iran, Italy, Turkey and Azerbaijan consuming over 80% of the total exports.

Turkmenistan imports stood at US $ 1,025,7 bln in January-April 2005, up 21,1% on 2004. Growth in imports in terms of money measure was mainly due to a 1,7-time increase in imports of raw materials and a 1,5-time increase in imports of consumer goods.

Turkmenistan imported from 71 countries. Imports grew from Ukraine (46%), Russia (18%), France (6 times) and China (2 times).

Source: Turkmenistan.Ru

Posted by countryturkmenistan at 4:20 PM
Legislative Sphere - an Important Factor of the Economic Development
Topic: Economy & business
As it has been already informed, the International Business Arbitration organised on the initiative of the German Technical Co-Operation Society with the assistance and participation of the government of Turkmenistan, the Embassy of the Federative Republic of Germany and the United Kingdom of Great Britain and Northern Ireland to Turkmenistan has been held in the Turkmen capital. The members of the Cabinet of Ministers of Turkmenistan, leading lawyers of the country, representatives of the legislative and juridical bodies and economic and trade departments took part in the work of the forum at which the urgent issues of the international co-operation in that significant legislative sphere were discussed. The organisers and participants of the conference shared their impressions of the conference.

Dr. Rolf Knieper, Professor of Bremen University, representative of the German Technical Co- Operation Society:

“First of all I would like to say that an interesting and constructive exchange of views between our and Turkmen experts took place within the framework of the International Business Arbitration Conference. I saw that our Turkmen partners are full of desire to raise the national legislation to the international level and it corresponds to the wish of the head of the Turkmen state Saparmurat Niyazov who did us the honour receiving us at his Palace. We, international consultants, will help the Turkmen specialists to prepare for the ratification of the New York Convention on recognition the arbitration decisions and to draw up a state law on the international arbitration. I should also state a high organisational level of the present forum. In my opinion, Turkmenistan has a great infrastructure and there are all necessary conditions for holding international conferences in Ashgabat. Political stability in the state and all other factors prove that Ashgabat could be a regional centre for settlement of the investment disputes in case of further development of the legislative basis of the country. Kuala-Lumpur is one of the largest centres of the international arbitration in Asia. The potential of Ashgabat is not less.”

Dr. Robert Briener, President of the International Court of Arbitration of the International Chamber of Commerce (Paris):

“For some years I have been assisting Professor Knieper in organisation of his work, modelling the arbitration laws and systems of the arbitration legal proceedings in different countries. By his request I agreed to take part in this representative forum in Turkmenistan to listen to the opinions of the Turkmen politicians and competent officials. It was a great honour for me to be in the capital of independent and neutral Turkmenistan and to represent the Paris International Chamber of Commerce at this significant forum. At present the problem of the international arbitration policy and co-operation in the sphere of the business arbitration is urgent for Turkmenistan as efficient economic activities are being carried out in Turkmenistan possessing colossal natural resources. International arbitration is a reliable system of solving the disputes in the trade and economic relations between different states and the most important factor of harmonisation of legislation of different countries. In this context, the theme of Turkmenistan’s integration with the international arbitration system as soon as possible is of great significance for gaining ‘a legislative confidence’ by it in the sphere of international business and proper regulation of the international commercial disputes.”

Ian Paulson, President of the London Court of International Arbitration:

“The international conference held in the Turkmen capital proves that Turkmenistan is ready to improve its legislation system and to co-operate within the framework of the international lawmaking. Turkmenistan attracts foreign investors by many reasons and, first of all, because the political order reigns in the country and its legislation system is developed; it is very important for economic co-operation. As I could see, my Turkmen colleagues had sufficient experience and were highly professional. It was pleasant for me to listen to them and to discuss the themes common to us. I would like to say one more thing: I was greatly touched by the cordial welcome in Ashgabat. I will remember the remarkable people who met us everywhere with their smiles and cordial welcome.”

06 June 2005

Source: Turkmendowlethabarlary News Agency

Posted by countryturkmenistan at 10:05 AM
Updated: Wednesday, 15 June 2005 12:23 PM
Wednesday, 1 June 2005
Made in Turkmenistan
Topic: Economy & business
Over US $ 1 billion have been invested in the republic?s textile industry since independence.
The biggest in Central Asia textile enterprise, ?Turkmenbashi Tekstil Kompleksi?, has been just recently awarded the IWAY certificate that confirms the full conformity of its technological process to international standards in securing the social rights and environmental protection. The document certifies that new technologies used at the enterprise are environmentally friendly and constitute no danger to the health of the population.

It should be stressed this is not the only fact of acknowledgment of highly efficient operation of the Complex, which is located in the southern part of Ashgabat. For instance, the United Nations main consultative body on technical issues, a specialized international organization for standardization, awarded ISO-9001 certificate to the production of the Complex, which is evidence of high quality of the enterprise?s output that meets the world highest standards.

In addition to that, the enterprise uses the so-called ISO-14001 system of environmental management allowing it to achieve absolute ecological cleanliness of the production process situated within the city?s precincts. The cascade of powerful facilities, in which wastes are subjected to mechanical, biological and chemical treatment, was installed there.

The complex has now completed the preparations for the forthcoming tests of the quality management at the enterprise to conform to the QWAY certificate that proves the guarantees of the standard production process. Besides, the Complex has already started applying WRAP standards, ?World Responsibility in Articles Production?. Since November 2004, works on the launch of ?6 Sigma? system to receive a higher profit at the expense of prime cost reduction and minimization of production losses have been under way. Such famous companies as Motorola and General Electric use this internationally recognized system.

Actually, it is enough to name contractual partners of the enterprise to get convinced in the ?Turkmenbashi Tekstil Kompleksi? output?s high quality and competitiveness. Such major multinationals as Calvin Klein, Sara Lee, Casual Wear, Ikea, 2X Ist, Miss Erica, Wal-Mart, Vespolino, Ibena, JC Penney and others are among its main customers. The geography of exports of the Complex?s products is also impressive. They are exported to the USA, Europe and CIS countries. At present, the leader of Turkmenistan?s textile industry produces 25 types of fabrics and a broad range of textile wear. The Complex is fitted up with the latest equipment and technology of leading Japanese, Swiss, German and Turkish companies. The unique machinery of Italian Bierrebi company is the pride of the enterprise. This latest technological know-how makes it possible to produce seamless T-shirts.

Five years ago, when this US $116 million Complex was commissioned, Saparmurat Niyazov, speaking at its inauguration, emphasized that development of the textile industry would be one of the country?s main priorities. This sector has got a considerable boost over the last years. Tens of factories, industrial complexes and facilities producing cotton yarn, jersey, jeans cloth of high standards that are exported to many countries, including the developed states, have been built.

Today that over US $ 1 billion have been invested in the textile industry the country takes pride in its most modern enterprises as ?Turkmenbashi Tekstil Kompleksi?, Kipchak Textile Complex, Atamurat Textile Complex, ?Serdar? Cotton Spinning Factory in Kaahka producing high grade cotton yarn, Bakharden Cotton Spinning Factory, Dashoguz Cotton Spinning Factory and many other ventures. On visiting them, one can see the great transformation that has taken place in the textile industry.

Each of them deserves the highest appraisal. Buildings are bright, spacious and clean. They have been fitted up with the latest equipment of the leading world companies, operated mostly by a computer system. Tens of yarn types are produced at new factories. Kaahka Factory produces yarn from fine-staple cotton, the one in Bakharden manufactures yarn from medium staple cotton. What a fine jersey and ready products are made from it at Kipchak and Geoktepe Textile Complexes, as well as at many other enterprises. Almost the entire production of ?Turkmenbashi Tekstil Kompleksi? meets the world standards. And that is why it receives orders from big European and American companies. The textile enterprises operate on the work order basis. The Turkmen production is actively winning international markets.

At the same time, the Turkmen Government is watching that the Turkmen textile production is available, first of all, in the domestic market for citizens of the country. In stores and specialized shops people can purchase local high quality textile goods at the lowest prices.

The textile sector of the republic fulfils orders of the Ministries of Defence, Interior, Health and Border Service and other state-owned organizations to produce bed clothes, garments and uniforms.

It is noteworthy that before gaining the independence the textile sector in Turkmenistan was represented only by four enterprises with outdated equipment and capacity to process raw cotton up to 10 thousand tons a year. These enterprises processed only 3 per cent of the total amount of raw cotton harvested in the republic. Today, the total capacity of modernized and new textile enterprises stands at 135 thousand tons of cotton fibre a year. Enterprises of the Ministry of Textile Industry produce over 80 per cent of all non-food consumer goods. And the launch of new facilities helped create some 15 thousand new jobs.

As stated in the development program until 2020, the Government plans to establish new modern enterprises all over the republic. Their commissioning will allow Turkmenistan to process up to 500 thousand tons of raw cotton. By 2020, the yarn production is to be increased up to 350 thousand tons a year, cotton cloth ? to 580 million square meters, raw silk ? up to 720 tons. Over US$ 650 million will be invested in the textile industry. It is envisaged to build a complex of cotton processing enterprises with the complete industrial cycle in each of the country?s cotton planting regions.

In 2004, the construction of the second biggest textile complex in Ashgabat was started. It will consist of six factories with the annual production totalling US $ 71 million. The Complex will employ over 3000 people. It will be put into operation in October 2005.

Approximately within the same period, a Cotton Spinning Factory at Abadan town (capacity ? 25.3 thousand tons of yarn a year with 1400 thousand work places) will be commissioned. A bit earlier, a weaving factory at Vekilbazar town (capacity ? 63.7 million sq. m. of fabric a year) will be launched. A complex of shoe and sewing factories at Makhtumkuli etrap (the south-west of the republic) will be built, Turkmenabat Shoe factory will be upgraded and some other enterprises will be commissioned.

Thus, step by step, Turkmenistan proves in practice its aspiration to take a worthy place among the world?s textile powers.


Source: Turkmenistan.Ru

Posted by countryturkmenistan at 9:28 AM
Updated: Thursday, 2 June 2005 4:10 PM

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