Senior Research Scientist at the Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan (ISMI) reports on the intensification of relations in the economic sphere with Turkmenistan.
In his analytical article "Industrial cooperation as a new form of economic cooperation in Central Asia", which was published on the Internet portal of the National Information Agency of Uzbekistan (uza.uz), Bobir Jalilov informs that relations between Turkmenistan and Uzbekistan in the economic sphere intensify.
65 joint ventures and 92 enterprises with 100% Turkmen capital operate in Uzbekistan. Main areas of activity: trade and services, textile industry, production of facing materials and furniture. According to B. Jalilov distributor Economic Entity "Turkmen-UzAVTO", the founders of which are JSC "Uzavtosanoat" and the State Trade Center "Turkmenistan" works in Turkmenistan.
In the context of globalization, interstate cooperation of economic entities of the national economies of Central Asia goes beyond the framework of foreign trade transactions, developing into new forms of economic cooperation.
The states of the Central Asian region have demonstrated the high level of cooperation and mutual support, joining efforts to prevent the spread of infection, actively exc information in the field of health, coordinating their actions in the field of transport, food security, border crossing and the creation of intraregional production and supply chains.
Industrial cooperation has become more relevant and of higher priority of cooperation in Central Asia as never before.
In this regard, the expansion of trade and economic cooperation between the countries of the region will also contribute to the early recovery and growth of economies.
The economic agenda of negotiations between the countries of Central Asia at various levels shows that the states of the region work on creating a mechanism for joint entry into the markets of third countries in order to promote jointly manufactured products.
Moreover, the Central Asian states search for mechanisms and instruments to develop cooperation, take measures to encourage mutual purchases and supplies of goods and services produced in Central Asia to the markets of their countries. One of the basic conditions for the progressive development of national economies and ensuring the growth of their efficiency is the coordination of the efforts of many economic agents.
Undoubtedly, industrial cooperation is one of the most effective forms of combining the efforts of companies, which allows not only to make a profit, but also to meet the competition.
It is important to note that the peculiarity of industrial cooperation can be distinguished by the fact that it is a source of not only individual profit, but also collective benefit.
In general, an increase in the level of industrial cooperation and production cooperation in Central Asia meets the interests of all countries in the region.
Prepared by Janmamed Gulamov
