Ashgabat, Turkmenistan, May 20
By Huseyn Hasanov- Trend:
The state programs on export increase and import substitution have been adopted in Turkmenistan, the president's decree says.
Some 33 projects are planned to be implemented as part of the first program on increasing the volumes of exports of goods produced in Turkmenistan. The new facilities aimed at the development of the chemical industry, industry, light industry, machinery, agriculture, food industries, the domestic pharmaceutical industry will be established.
The program has been adopted to establish the industrial processing facilities by using innovations, to use the natural and mineral resources effectively, to improve the export structure and to increase the share of private enterprises in the economy.
The second state program for the production of import-substituting products in Turkmenistan provides for implementation of 81 projects. The modern enterprises for the production of a wide range of construction, chemical, consumer and other products based on local raw materials will be built within the framework of this program.
In addition, it is planned to build enterprises for processing and production of various kinds of meat and dairy products, fruits and vegetables and fish products.
The program has been adopted in order to create import-substituting industries, strengthen the positive trade balance, create new jobs and increase incomes of the population, the planned build-up of the private sector share of the economy.
Turkmenistan, in terms of its natural gas reserves, ranks fourth in the world, and now has the opportunity to export it to China, Iran and Russia, according to a BP report.
Ashgabat is aiming at diversifying the domestic economy, promoting the textile industry, oil products, and the country is actively developing the oil and gas chemistry areas.
Edited by CN