Japan’s $18 billion untapped potential in Turkmenistan

Japan and Turkmenistan established diplomatic relations in April 1992 and their bilateral relations will soon experience a dramatic boost due to “joint projectsworth “a total of $18 billion” signed on the occasion of Japanese Prime Minister Shinzo Abe’s visit to Ashgabat on October 23, 2015.

In presence of a 31-businessmen delegation, Abe met for the 3rd time with President Gurbanguly Berdimuhamedov whose country is presiding the Central Asia plus Japan dialogue. “Turkmenistan is interested in acquiring Japan’s experience in creating and using technologies,” said Berdimuhamedov. That’s why the two leaders agreed to deepen the economic relations, particularly in the chemicals and natural gas sectors.

Last spring, Japanese companies started the construction of 4 gas chemical plants in Turkmenistan and expressed their interest in investing in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Abe’s visit took place as China’s presence keeps growing rapidly in Central Asia and is about to overtake Russia as Turkmenistan’s leading trading partner.