Does Turkmenistan have a green economy?

Turkmenistan, home to the world's fourth-largest reserves of natural gas, has traditionally been dependent on its extractive industry for economic growth. However, there has been a notable shift in the country's economic strategy towards embracing a greener and more diversified economy.

How can the EU improve transport connectivity with Turkmenistan?

The EU is deeply committed to strengthening its engagement for improving transport connectivity along the Trans-Caspian Corridor with Central Asia, including with Turkmenistan, following the recommendations of the Study on Sustainable Transport Connections between Europe and Central Asia.

What does the European Union do for Turkmenistan?

The European Union is dedicated to supporting Turkmenistan's efforts to transition towards a more sustainable, green economy while simultaneously enhancing its business environment.

How is Turkmenistan integrating into the global economy?

Additionally, Turkmenistan has taken a significant step towards integrating into the global economy by expressing its intent to join the multilateral trading system. In February 2022, Turkmenistan achieved the status of an acceding country to the World Trade Organisation (WTO).

What is the EU-Turkmenistan interim agreement?

This commitment is underscored by the EU-Turkmenistan Interim Agreement on trade and trade-related matters, which has been in effect since August 2010, in anticipation of the European Parliament ratifying the Partnership and Cooperation Agreement (PCA).

Is Turkmenistan a WTO member?

In February 2022, Turkmenistan achieved the status of an acceding country to the World Trade Organisation (WTO). Turkmenistan also benefits from a number of EU regional programmes and investments under the European Fund for Sustainable Development Plus (EFSD+), Global Gateway’s main financial tool.