Ashgabat:Turkmenistan and the European Union are actively seeking to enhance bilateral cooperation, as trade between the two entities reached 1.3 billion euros in 2025, According to EU Delegation to Turkmenistan.

According to Trend News Agency, the discussion on advancing ties was held during a meeting between the Chairman of the Central Bank of Turkmenistan, Toyly Malykov, and the EU Ambassador to Turkmenistan, Luke Devine. Both officials exchanged views on mutual interests and explored opportunities for further developing dialogue and cooperation.

The economic relationship between Turkmenistan and the EU is underscored by substantial trade figures. As presented by Ambassador Devine at the Turkmenistan Investment Forum (TIF 2026) on October 1, 2026, EU exports to Turkmenistan amounted to 900 million euros, while imports from Turkmenistan totaled 400 million euros in 2025.

The European Union and Turkmenistan engage in a structured dialogue through the EU-Turkmenistan Joint Committee and frequent high-level meetings. Their cooperation spans multiple areas including trade, energy, transport connectivity, climate, and sustainable development. Additionally, the EU has consistently supported Turkmenistan's initiatives to diversify its economy and integrate into regional and international markets, offering technical assistance and promoting investments.