BAKU, Azerbaijan, August 28. The Chambers of
Commerce and Industry of Turkmenistan and Ukraine discussed ways to
expand direct business ties and identify new areas of mutually
beneficial cooperation.


This was reflected in the statement published by the Embassy of
Turkmenistan in Ukraine.


According to the statement, the meeting was held via
videoconference on August 27 and brought together representatives
of the business communities of both countries. The meeting was
attended by Serdar Kepbanov, Director of the Chamber of Commerce
and Industry of Turkmenistan’s Trade House, and Valeriy Korol, Vice
President of the Chamber of Commerce and Industry of Ukraine.


"The participants focused on supporting small and medium-sized
enterprises engaged in import and export activities, establishing
direct contacts between businesses and identifying promising areas
for cooperation," the statement emphasized.







Representatives of the two chambers expressed interest in
strengthening direct interaction between entrepreneurs, regularly
exchanging business information, studying market opportunities and
developing new forms of cooperation. The sides identified the
textile and chemical industries, as well as transport and
logistics, among the promising areas for further cooperation, along
with other sectors of mutual interest.


Diplomatic relations between Turkmenistan and Ukraine
were established on 10 October 1992, with embassies opening in Kyiv
and Ashgabat in 1995. Ukraine was among the first countries to
support Turkmenistan’s permanent neutrality status at the United
Nations. In the 1990s and early 2000s the two nations maintained
significant energy ties, with Ukraine ranking among the largest
buyers of Turkmen natural gas. In recent years bilateral trade has
continued on a more diversified basis: in 2024 Ukraine imported
goods worth approximately $79.5 million from Turkmenistan (mainly
fertilizers, mineral fuels, plastics and cotton) while exporting
around $59.4 million (primarily iron and steel products, meat,
machinery and pharmaceuticals). Ukrainian companies remain active
in infrastructure projects in Turkmenistan, and both sides
regularly hold political consultations and business forums aimed at
deepening economic cooperation.