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Turkmenistan seeks to increase volume of foreign trade turnover

Turkmenistan Materials 27 April 2024 19:01 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, April 27. Turkmenistan is striving to increase the volume of foreign trade turnover to $20.7 billion this year, Trend reports.

Merdanguly Palivanov, Deputy Chairman of the Central Bank of Turkmenistan, made this statement at the International Forum to Attract Foreign Investments in Turkmenistan's Energy Sector, which was held in Paris.

During his speech, he provided projections for Turkmenistan's national economy's growth in 2024, emphasizing that the country's GDP will continue to rise at a rate of 6.3 percent.

Furthermore, Palivanov stated that the country intends to continue assisting small and medium-sized firms this year in order to raise the private sector's share of the GDP structure (excluding the fuel and energy complex) to 71.4 percent.

Meanwhile, President of Turkmenistan Serdar Berdimuhamedov recently noted that the GDP growth rate of Turkmenistan from January through March 2024 remained stable at 6.3 percent.

The President added that during the specified period, the growth rate of Turkmenistan's industrial sector reached 4.7 percent, in the transport and communications sector - 6.6 percent, in the service sector - 7.6 percent, in trade - 8.2 percent, and in agriculture - 4.1 percent.

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