Ankara:Trkiye and Turkmenistan have engaged in discussions to broaden their economic and trade cooperation during a meeting held between their respective chambers of commerce and industry leaders at the sidelines of COP31.

According to Trend News Agency, the meeting involved Rifat Hisarciklioglu, President of the Union of Chambers and Commodity Exchanges of Trkiye (TOBB), and Mergen Gurdov, President of the Chamber of Commerce and Industry of Turkmenistan. The discussions focused on strengthening bilateral economic relations and exploring possibilities for further cooperation.

Trkiye is a key trading partner for Turkmenistan, with bilateral trade reaching approximately $2.17 billion in 2025, as reported by the Turkish Foreign Ministry. Turkish exports to Turkmenistan amounted to $1.31 billion, while imports from Turkmenistan totaled $860 million. Both countries aim to increase their annual trade turnover to $5 billion.

Turkish companies have been instrumental in Turkmenistan's infrastructure and industrial development, having completed over 1,000 projects valued at more than $54 billion since Turkmenistan's independence. As of 2025, around 30 Turkish companies were actively working in Turkmenistan, with ongoing projects worth approximately $7.5 billion.

Energy cooperation is another significant aspect of their relationship, with Turkmen natural gas supplies to Trkiye via Iran commencing in March 2025 under a swap arrangement.