Turkmenistan, Ashkhabad, Feb.4 /Trend H.Hasanov/
Parliament of Turkmenistan is developing legislation to encourage investment and provide reforms in industry and agriculture, the Turkmen government said on Saturday.
Laws to improve the activities of the government, the electoral system, budget and tax system and labor relations are also prepared.
President of Turkmenistan Gurbanguly Berdimuhamedov pointed out "the need to accelerate the improvement of national legislation for the promotion of dynamic social and economic reforms," at the government meeting.
Berdimuhamedov noted that the MPs "must adopt the best that will work to promote the country's ongoing reforms and changes."
Turkmenistan has intensified the development of investments in manufacturing and in non-manufacturing sector, investment forums are held regularly.
The investment sphere is regulated by Tax Code, Customs Code and laws On investment activity, On foreign investments, Foreign Concession, On Hydrocarbon Resources, On International Treaties, On Entrepreneurship, On state Support of Small and Medium Enterprises, On licensing of certain activities, On inventions and industrial designs, On Trademarks, service Marks and appellations of Origin.
Among the promoted investment projects such as the creation of Avaz tourist resort on the Caspian Sea, North-South transport corridor, transnational pipeline input, the creation of East-West gas pipeline system, the development of oil and gas fields, and others.
Avaz tourism zone is a special project, promoting the development of many related industries
The purpose of the resort is to stimulate investment activity aimed at a comprehensive solution to problems of development and modernization of tourism infrastructure. It provides a number of benefits - a simplified visa regime, tax incentives, lack of fees for certification services, and exchange fees.