Turkmenistan and Japan: Strengthening Financial and Industrial Ties
In a strategic move to bolster bilateral cooperation, Rahimberdi Jepbarov, Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan, recently concluded a series of high-level meetings in Japan. These discussions were aimed at deepening Turkmen-Japanese partnerships in finance and industry, according to Trend, citing Turkmenistan's Ministry of Foreign Affairs.
Focusing on Bilateral Cooperation
Jepbarov's visit included a meeting with Atsushi Nagashima, Special Advisor to the Prime Minister of Japan. The two leaders focused on key issues of bilateral trade and economic cooperation, highlighting the potential for collaboration with major Japanese companies in transport, gas, and the chemical industries.
Exploring Financial Partnerships
Negotiations with the Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI) were particularly noteworthy. These discussions explored new financial partnerships and opportunities for large-scale projects in Turkmenistan's petrochemical and energy sectors. The meetings underscored the potential for significant investment and development initiatives that could drive economic growth in both countries.
Engaging with Leading Japanese Corporations
The working visit concluded with meetings with executives from leading Japanese corporations, including Itochu Corporation, Kawasaki Heavy Industries, Mitsubishi Corporation, and Mitsubishi Heavy Industries. These engagements were pivotal in fostering direct business-to-business relationships and identifying specific areas for joint ventures and projects.
Building on Previous Collaborations
In 2024, Turkmenistan and Japan held several important meetings, including an economic committee session in December and political consultations in January 2025. These gatherings focused on joint projects in energy and other sectors, highlighting the ongoing enhancement of bilateral synergies. The recent visit by Jepbarov is a continuation of these efforts, aimed at solidifying and expanding the scope of cooperation.
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