Ukraine and Turkmenistan have established a Council on industrial policy aimed at developing trade between the two countries, creating new jobs and intensifying production.

Vice Prime Minister - Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko and Industry Minister of Turkmenistan Saparmurad Orazmuradov signed the corresponding agreement on cooperation in industry between the Government of Ukraine and the Government of Turkmenistan during the official visit of President of Ukraine Petro Poroshenko to Turkmenistan on Thursday, 29 October.

"We are creating a Council for industrial policy, which will analyze the situation and prospects of cooperation between Ukraine and Turkmenistan in this area, as well as develop proposals and recommendations for its revitalization," said Hennadii Zubko.

According to the official, Ukraine and Turkmenistan will coordinate industrial policy in the following areas: the development of industrial cooperation and implementation of joint projects and programs between economic entities of the states, creation of favorable conditions for the innovative industrial development of economies.