/ State News Agency of Turkmenistan / 17.04.2020 /
President Gurbanguly Berdimuhamedov held video conference session of the Cabinet of Ministers where current subjects of the state life have been reviewed.
First, Deputy Chairman of the Cabinet of Ministers G. Mushikov reported on work of the facilities under his supervision, integrated measures for improvement of activity of organizations of financial and economic sector.
The Vice-premier reported that control of the rates of investment projects as well as reformation of the leading branches of the economy is carried out. Aspects of realization of the Concept of digitization were separate subjects of the report.
Summing up the report, the Head of the State noted that programme and targeted form of planning of the economy, which is used for achievement of positive results, allows optimizing the main priorities of development, their stages, resources and mechanisms of realization.
The focus has been made on importance of monitoring of activity of all spheres as well as on development of measures for further improvement of activity of structures under the Deputy Chairman of the Cabinet of Ministers.
Deputy Chairman of the Cabinet of Ministers M. Meredov reported on the situation in the branches under his supervision and measures for modernization of oil and gas industry.
The Vice-premier has also reported to President Gurbanguly Berdimuhamedov about work for improvement of the structure of Geological Fund of Turkmenistan, its formation and use of data.
It was mentioned that activity related to geological study, use and protection of subsoil, production of natural reserves are regulated by the Law of Turkmenistan on Subsoil, which states that use of geological information is determined by the Cabinet of Ministers of the country.
In this regard, Draft Structure of Geological Fund of Turkmenistan and its formation, order of record keeping and use of data has been developed.
This document regulates subjects related to collection and compilation of geological data including reports on all geological, geophysical, hydrogeological works and other works, photo images and graphic materials. It is also intended to improve the order of use of the Fund’s data, records and systematization on electronic media.
Summing up the report, President Gurbanguly Berdimuhamedov noted that social and economic programmes and plans of provision of dynamic rates of development and diversification of national economy require the expansion of mineral and resource base of oil, gas, chemical, ore mining and other industries.
At the same time, it is important to provide integrated, scientifically based approach to study and efficient and rational use of colossal natural reserves of the country, the Head of the State highlighted, having given specific instructions to the Vice-premier.
The President of Turkmenistan ordered to activate works for implementation of modern electronic technologies to different spheres of oil and gas complex as well as for finding of new deposits of oil, gas and other natural reserves.
Having noted the necessity to take proper measures for steadfast fulfilment of objectives outlined in the Programme of development of oil and gas industry until 2030, the Head of the State requested the Vice-premier to continue dialog with foreign partners on beneficial cooperation in realization of perspective projects and attraction of investments.
In his turn, Deputy Chairman of the Cabinet of Ministers E. Orazgeldiyev reported on seasonal field works in the regions of the country. It was reported that necessary organizational measures aretaken for uninterrupted work of agricultural equipment, provision of farmers with high quality seeds in order to conduct cotton sowing as per set timeline.
Mineral fertilization and vegetation irrigation are carried out at the fields under winter crops according to agricultural technical standards. At the same time, active preparation to wheat harvest is ongoing. It includes preparation of reception facilities, harvesters and vehicles.
Draft Resolution on production of 82,400 tons of rice this year has been presented to the Head of the State for review. Total, it is planned to sow 18,300 hectares of land. It is planned to produce 35,000 tons of rice from 8,100 hectares in Dashoguz Velayat, 47,400 tons of rice from 10,200 hectares in Lebap Velayat.
Having listened to the report, President Gurbanguly Berdimuhamedov ordered the Vice-premier to hold quality sowing of the cotton under permanent control. The Leader of the national highlighted that this agricultural campaign is very important for further improvement of potential of agricultural complex, provision of textile industry with valuable feedstock and enhancement of export potential of the country.
The Head of the State ordered to prepare thoroughly to coming crop harvest season, having paid special attention to creation of proper conditions for productive work of farmers.
Continuing the subject, President Gurbanguly Berdimuhamedov has focused on strengthening of food independence, provision of various food basket of Turkmenistan citizens by comprehensive development of agricultural complex, establishment of production of wide variety of import substitutive products.
Deputy Chairman of the Cabinet of Ministers Sh. Durdiliyev reported on the situation in the spheres under his supervision as well as on the rates of construction of big facilities planned to be opened this year.
After, the President called Minister of Industry and Construction Production S. Berdimuhamedov who reported on work for increment of production output of industrial structures, scientifically based development of ore reserves according to time requirements, increment of volumes and variety of production of local construction materials.
The report on practical work for fulfilment of assignments on study of capabilities of use of non-ore materials, which are available in the country, in production of decoration construction materials has been presented.
Thus, limestone blocks and stones discovered at Gaýly, Düzmergen and Şagadam deposits are processed by Türkmenmermer Closed Joint Stock venture and used for production of quality granite and marble slabs, which are distinguished with good appearance and high density.
Samples of granite and decorative stones from the above mentioned pits have been presented to the Head of the State. Due to good parameters and rich colours, it will be used in decorating construction works, exterior and interior finishing of buildings.
It was informed that limestones of red and pink colour from Gaýly deposit located near Turkmenbashy, Balkan velayat would be used for decoration interior and exterior walls of buildings.
Düzmergen deposit is located 10 km northeast from Balkanabat. This type of limestones in yellow white and light brown colours can also be used for interior decoration.
Şagadam granite and tuff deposit is located at the plateau with the same name in Turkmenbashy. Green and grey stones produced at this deposit will be used for decorative and finishing works.
Having listened to the report, President Gurbanguly Berdimuhamedov focused attention of the Vice-premier on the necessity to provide strict control of the course and quality of construction of different facilities.
Speaking of importance of measures for steadfast development of national construction industry, the Head of the State ordered the Minister of Industry and Construction Production to study in detail and elaborate on opportunity to increase production capacity of existing facilities and opening of new facilities specialized in making of production required in local and meeting high international quality standards.
The Head of the State noted that measures for industrial development of local deposits of natural reserves, expansion of variety of construction materials and arrangement of making of new products would give significant impulse to development and modernization of the industry.
Having noted that activity of the ministry would serve to rapid realization of adopted government programmes of industrialization of the country until 2030 and social economic development of the country in 2020 – 2025, President Gurbanguly Berdimuhamedov gave instructions for compliance with timeline specified in these documents.
Deputy Chairman of the Cabinet of Ministers B. Ovezov reported on measures for development of transport and logistic system.
The Vice-premier informed that agencies of the structure of transport and communication complex have made analysis of relative works for increment of cargo turnover and enhancement of capabilities of transport and transit corridors.
It was found out that majority of transit cargo transportation by roads were carried out in Turkmenbashy International Seaport – Uzbekistan, Altyn Asyr (Etrek) – Kazakhstan and other directions. In this regard, opportunities of further expansion of transit potential of the port are reviewed.
Having listened to the information, President Gurbanguly Berdimuhamedov highlighted that steadfast integration to the world transport system and further expansion of infrastructure along the main roads, connecting routes and hubs in East – West and North – South directions.
Advanced infrastructure of Turkmenbashy International Seaport is able to satisfy not only existing but also future demand by quality proposal and quality service. Its exiting to full capacity will lead to strategic changes in logistic chains of continental cargo transportation, where Turkmen transit terminals would be important hub as the most optimum for shortest and beneficial routes, the President highlighted and ordered the Vice-premier to put all efforts for further realization of plans. Deputy Chairman of the Cabinet of Ministers Ch. Gylyjov reported on fulfilment of assignments for expansion of geography of supplies of national production to foreign countries and saturation of local market as well as presented proposals for provision of facilities of the Ministry of Textile Industry with raw materials.
Specialist of the Ministry of Finances and Economy, Ministries of textile Industry, Agriculture and Natural Protection have made initial calculations of cost of cotton production taking into account the situation in the world market due to the increment of procurement government prices on cotton
Having listened to the report, President Gurbanguly Berdimuhamedov noted importance of development and implementation of technological innovations at the facilities of textile industry of the country, increment of trade in this segment and provision of keeping of high level of production together with raw material supply.
The Head of the State has also focused on training of qualified specialists for the industry, expansion of variety of production by introduction of new textile products and gave specific assignments to the Vice-premier in this regard.
Deputy Chairman of the Cabinet of Ministers B. Abdiyeva reported on preparation to XII scientific conference “Turkmen Horse and the World Horse Breeding Art”, which is timed to National Turkmen Horse Holiday and on organization of presentation of archaeological findings discovered during 2020 spring expedition.
It was mentioned that number of findings with images of Turkmen horse were the results of spring seasonal excavations and scientific studies. Having demonstrated the findings on video slides, the Vice-premier informed that they have been prepared to handover to museum fund after relative restoration and study. Presentation and exhibition of these priceless artefacts are planned to be held under XII scientific conference “Turkmen Horse and the World Horse Breeding Art”.
Having listened to the report, President Gurbanguly Berdimuhamedov highlighted the currency of study and popularization of ancient history and rich national heritage in the world.
Thus, scientists from all over the world are unanimous in the opinion that the country of Margush, which centre was Gonur-depe, together with Ancient Egypt, India, China and Mesopotamia, is one of the first initial centres of the world civilization where trade and cultural international relations have been formed up.
Collected national values and historical experience are the greatest heritage, which we have to pass to current and future generations, the Head of the State said. The President of the country noted the necessity of efficient use of equipment and facility base and profile infrastructure of cultural sphere, which has been made for the last few years, including the capabilities of national artificial satellite, digital television, libraries, museums and theatres, among immediate measures.
Old and latest archaeological surveys indicate antiquity of horse breeding traditions of Turkmens, Turkmen leader has noted and gave directions for high organizational level of presentation and exhibition and other celebration events in honour of ahalteke horses.
Deputy Chairman of the Cabinet of Ministers P. Agamyradov reported on work for inclusion of the universities of the country into the list of prestige high educational facilities of international level.
It was mentioned that working commission, which includes specialists of the Ministry of Education, Foreign Ministry and Ministry of Justice, has been formed for study of this subject and for improvement of the sphere of high professional education.
Having studied all criteria specified by international organizations for inclusion of educational facilities into this list, the commission prepared the Plan of Measures for inclusion of universities of our country into the list of high educational facilities of international level until 2024.
According to this document, the universities will have to undergo international accreditation, establish international academic activity and to implement innovative methods into educational and scientific activity based on the achievements of the world science.
In addition, it is planned to work on improvement of profession level of personnel of scientific and educational spheres as well as on gradual transit of high educational facilities to self-supporting system with study on commercial basis.
Having highlighted the necessity of activation of introduction of world educational standards to high schools, the President noted that improvement of the system of national education has always been and remains to be the main priority of the government policy.
Having noted that inclusion of universities of Turkmenistan into the list of prestige high educational facilities of international level would aim younger generation of Turkmen citizens to active acquisition of new knowledge and modern technologies, the Head of the State gave specific assignments to the Vice-premier for activation of work in this direction.
Deputy Chairman of the Cabinet of Ministers, Foreign Minister R. Meredov reported on measures for realization of the Programme of development of foreign economic activity of Turkmenistan in 2020 – 2025.
Plan of activities, which are to be carried out during this year, has been approved, Coordination Commission for control of its implementation has been established for its efficient realization. Results of work for the first quarter of the year and proposals have been made for expansion of foreign economic relations of our country, which was held in the Foreign Ministry on April 15.
In particular, directions of development of cooperation with international organizations and financial institutes under this Programme have been reviewed. In this context, it was mentioned that session of the Government Commission for study of subjects related to joining of Turkmenistan to the World Trade Organization was held in the Foreign Ministry on April 15.
At the same time, working video conference session has been held under the cooperation with the UN Economic Commission for Europe for discussion of issues on improvement of transport systems of Europe and Asia as well as international legal base of development of logistic corridors. Opportunity of joining of Turkmenistan to number of profile international documents has been reviewed at the session.
In addition, it is planned to organize video conference on initial introduction of electronic documents for registration of vehicles and cargo brought into the country and crossing its territory on transit have been held together with International Road Transport Union on April 23.
Projects implemented with the UN Conference for Trade and Development (UNCTAD) are worth to be mentioned under the partnership with specialized structures of the United Nations. For example, it is planned to have multilateral video conference consultation on establishment of the Single Window System in all customs points of Turkmenistan by ASYCUDA World system, which is implemented in cooperation with the UNCTAD and related departments of our country.
Continuing the report, the Vice-premier, Foreign Minister has also reported to President Gurbanguly Berdimuhamedov on actual measures for strengthening of cooperatn with international financial institutes. In this regard, importance of talks with representatives of Fitch Ratings International Agency in the aspect of definition of financial rating of our country in the world coordination system has been noted.
At present, proposal for receiving of own rating by Turkmenistan has been developed and work for signing of relative agreements with the Agency is carried out.
It is planned to have the session of joint Turkmen – Uzbek group for international automobile communications this month.
It was reported that working meeting with participation of ambassador of Turkmenistan, Georgia and the Republic of Azerbaijan on the project of Caspian – Black sea transport corridor would be held in the foreign Ministry Romania on February 18.
Agreement on video consultation of the specialists on the project of four-side intergovernmental Agreement on establishment of Caspian – Black Sea transit and transport routes in the first half of May this year has been reached during the meeting.
Connection to stable transport system of seaports of Turkmenistan and Georgia was reviewed on the level of relative government authorities of both countries.
It is planned to have video conference talks between Japanese Bank for International Cooperation and the State Bank of Foreign Economic Affairs of Turkmenistan to discuss the implementation of priority projects.
It was also noted that from the beginning of the year, profile departments of our country and foreign partners have signed number of documents on the main directions of the economy and work for their implementation is carried out.
Measures for wide introduction of economic potential of Turkmenistan to foreign investors and trade partners are taken on regular basis.
Summing up the report, President Gurbanguly Berdimuhamedov noted importance of further work for expansion of foreign economic activity of Turkmenistan, development of beneficial cooperation with all interested partners, for which significant potential is available.
Speaking of this, Turkmen leader highlighted the necessity of search for new formats of cooperation, entering of new joint projects both in the main branches of the economy and in its innovative sectors.
Course toward industrialization, formation of high technology diversification of the industry producing competitive goods, which will make capabilities for increment of export volumes of national products demanded in the world market, is a priority for our country.
Wide perspectives for efficient cooperation are available in private sector where it is necessary to take gradual measures for activation of direct contacts between business structures, the Head of the State noted.
Continuing the subject, the President highlighted that ramified transit, transport and logistic infrastructure providing stable cargo transportation in different directions, where Turkmenistan made number of specific proposals, is one of the most important factors of development of trade and economic relations.
Summing up what was said above, the Head of the State gave relative assignments for steadfast realization of the above-mentioned Programme to the Vice-premier, Foreign Minister.
Continuing the session of the Cabinet of Ministers, the Head of the State focused on number of the utmost objectives.
The President noted that it is necessary to take systematic measures for support of stable rates of social and economic development of Turkmenistan. At the same time, it is important to improve mechanisms stimulating processes of diversification of the branches, expansion of list of competitive goods and export.
The Head of the State has focused on the necessity of measures for increment of production volumes and improvement of quality of petroleum products as well as increment of their export.
Having highlighted that transport sphere plays important role in solution of objectives of provision of stable development under modern conditions, the Head of the State gave instructions on expansion of capabilities of transport and logistic system.
Modernization of construction industry was outlined among the main directions in new future. In this regard, the Head of the State ordered to hold under control acceleration of rates of work in this sphere and increment of volumes of production of construction materials with application of advanced technologies and innovations.
The President has also directed to provide high level of organization of National Turkmen Horse Holiday.
Finishing the session of the Cabinet of Ministers, President Gurbanguly Berdimuhamedov wished big success in work to all participants.
/ State News Agency of Turkmenistan / 13.02.2020 /
Photo: Yuri Shkurin
Macroeconomic results of 2019 were visual indication of financial stability, stable dynamics of growth in all sectors of national economy including social sphere.
This is indicated by the growth of the GDP, the main macroeconomic indicator. In 2019, this indicators of 6.3 percent including 4.1 percent in industry, 14.2 percent in trade and 10.1 percent in transport and communication sphere.
According to the experts of International Monetary Fund, this indicator is one of the highest in the world and the highest among Central Asian countries.
Speaking of other statistical data, positive results in non-governmental section are worth to be mentioned. In general, 65.3 percent in production structure falls on the share of private business. Due to integrated measures, the export of production has grown by 4.6 percent, having exceeded 9 billion manats, comparing with 2018.
The revenue of the State budget has been fulfilled by 100.6 percent while the expenditure by 99.9 percent by the outcomes of 2019.
Keeping up of high level of population occupancy has been outlined as an integral part of social strategy in the year under review. This is indicated by 11.000 work places opened in 2019.
Growth of income of Turkmenistan citizens, which is provided by annual increment of salary wages, pensions, states allowances, as well as well-thought pricing policy of the government, support of private initiative and other measures are other indicators demonstrating the prosperity of the country.
Stabilization fund, which resources are used for financing of priority investment projects, makes positive impact on economic situation of the country. it allows minimizing the influence of unfavourable external factors on certain sectors of national economy and provides the growth of work production and transfer to innovative management methods.
Great attention is also paid to the insurance. The world practice shows that development of this sphere becomes necessary condition in market relations. Renewal of existing standards and regulations in this sphere has been carried out in last and previous years.
For improvement of insurance activity in 2019, the Resolutions of President Gurbanguly Berdimuhamedov approved the Order of definition of amount of insurance payment ((insurance compensation) that has to be paid depending of severity of damage related to insurance case, Provision on Mandatory State personal insurance of employees working at facilities with increased risk from work related incidents and work related ill-health.
Adoption of the Programme of social and economic development of the country in 2019 – 2025 and Programme of development of foreign economic activity of Turkmenistan in 2020 – 2025 as well as start of realization of the Concept of transit to digital economy in 2019 – 2025 are worth to be mentioned among the main events of 2019.
Each programme presents precise action plan on strategic directions and serves as a platform for implementation of profile activities. Another stage of melty-level reformations has started after adoption of the above-mentioned documents.
Banks, which have special role in steadfast growth of national economy and integration of it into the system of world economic relations on beneficial terms, are rapidly developed in the result of reforms. According to statistical data, positive indicators are observed in this sphere.
President Gurbanguly Berdimuhamedov notes that the main objectives of credit facilities these days is to keep inflation level in set limits, to provide national economy with necessary volume of resources by regulation and control of funds.
Coning back to the main provisions of seven-year programme of social and economic development of the country, it is worth to mention that structural reformation of industrial sectors and services sphere will be continued in 2020 by support of high technology production. At the same time, transfer from industrial production with low added value and scientific and technical level to production with high added value is planned.
Activation of work for reduction of the state-owned facilities by privatization and reformation into joint stock ventures were outlined among important directions. At the same time, it is planned to use world advanced scientific and technological achievements in the sphere of management and production.
Globalization and integration on international level open entry to big markets to the facilities, allow them using dividends from realization of own investment projects in full scale. Taking this factor into account, the Programme includes the measures related to correction of marketing strategy.
Reduction of the state expenses and increment of capabilities for attraction of the capital of private sector and foreign companies were outlined among the main directions. Development of new forms of investments, in particular by establishment of partnership between the state and business community, has been carried out for achievement of set goal.
Power energy, production and processing of oil and gas, electronics, industry, agriculture, transport, communication and tourism have been highlighted as the main branches as the main locomotives of the economy in near-term perspective.
Speaking of expected results, it is worth mentioning that successful solution of objectives outlined in the Programme of the President will allow achieving following indicators: the growth of the gross domestic product in Turkmenistan will be 8.2 percent in Turkmenistan by 2025, share of industry in the structure of the GDP – 33.8 percent, agriculture – 8.9 percent, construction – 11.5 percent and service sphere – 45.8 percent.
It is thought that strengthening of competiveness of national industry, improvement of production potential, expansion of range of national product brands will be provided by rational use of local material resources, increment of their processing and establishment of high added value.
It is planned to introduce effective management methods, attract actively entrepreneurship as well as unused reserves and capabilities provided by colossal natural resources of the country, its beneficial location and geopolitical factors.
Special attention is paid to the formation of special economic zones and corridors, which will connect Turkmen regions between each other and with neighbouring states, creation of industrial parks and clusters with developed transport and logistic infrastructure with the entry to foreign markets.
It is forecasted in near future that total volume of investments into the main capital planned in the country will be equal to 229.3 billion manats, from which 91.3 percent or 109.2 billion manats will be used in production sphere. Development of these investments will allow opening new facilities and provide new work places.
Dynamic growth of volumes of retail sale is expected in mid-term perspective. According to expert evaluation, this indicators will be 81 billion manats in 2025 with 29.1 percent growth comparing with 2019 (62.7 billion manats). Share of trade of non-government sector will reach 91 percent.
At present time, the country produce wide range of high quality production competitive in foreign market, which provides local food abundance and allowing to solve effectively the objectives of import substitution and improvement of export positions of Turkmenistan.
According to the Programme, the volume of production of local consumer goods will reach 16.1 billion manats in monetary equivalent and comparing with the same indicator of 2019 (13.2 billion manats) will grow by 22.2 percent.
It is also expected in the next seven years that total volume of foreign trade will be equivalent to 135.2 billion US dollars where its export component will be equal to 84.1 billion US dollars while import – 51.1 billion dollars. Based on analysis of dynamics of statistical data of previous years, forecasted indicators and available resources of development of trade relations, the specialists note that planned obligations will be fulfilled annually.
It is planned and modernized to build various facilities including educational objects, health protection, cultural, living and infrastructural facilities in the velayats of the country in 2019 – 2025.
9,976.7 billion manats (including 1,944.3 million manats in Ahal Velayat, 1,244.1 million manats in Balkan Velayat, 2,907.3 million manats in Dashoguz Velayat, 1,851.3 million manats in Lebap Velayat and 2,029.7 million manats in Mary Velayat) will be sent for these purposes.
Continuing the subject, it is worth to mention that in 2020, President Gurbanguly Berdimuhamedov set objective to the establishments of financial sector to develop new National Programme of improvement of social and living conditions of rural population until 2025. Big investments will be sent for implementation of activities outlined in the programme.
Perspectives of development of the country are directly connected with enforcement of external factors like further integration into the world economic relations, activation of beneficial trade and economic and investment partnership, new directions of cooperation against the background of scientific and technical progress, development of coordinated solutions for current issues of the global agenda.
Advantages of modern technologies are obvious for the achievement of the SDGs, which has been integrated into all government programme and big economic projects as well as into social policy. In this regard, big attention has been paid to stimulation of development of tele medical technologies, online and distant education, electronic government and other fields in the country in 2019.
Digitization of management and production processes will allow making smart cities in near future, which requirements of the population will be satisfied by more rapidly and comprehensively. New technologies also supports opening of new work places, for example in the sphere of computer sciences ad information technologies. Taking this factor into account, special attention was paid to training of qualified specialists, especially in the sphere of digital economy, last year.
Outcomes of the year shows that integrated work has been carried out for digitization of all segments of national economy introduction of scientific developments into production. All plans were executed by using of IT-technologies and establishment of new structrues in this field.
Different ministries, departments, banks, agencies as well as entrepreneurs of the country were implementing specific measures for improvement of equipment and facility base, establishment of necessary network platforms allowing integrating services provided to the population into internet network, making shopping online through national payment system.
The main advantage of similar programmes are in common accessibility and easy use. Work of Turkmen businessmen, who successfully adopts the practice of foreign states and bring modern technologies, which are widely spread and have proven its efficiency in the world, is worth to ne mentioned.
In this case, active work of Rysgal Joint Stock Commercial Bank is worth to be mentioned. Payment mechanism using QR-codes developed by the bank allows mobile phone users paying for any goods and services, having scanned optical symbols, without cash orbank cards.
Continuing the review, it is important to note the timeliness of adoption of the Law on Cyber Security adopted in 2019, which is aimed at protection of sovereignty, interests of the country, prevention of threats to network security as well as at the provision of public order, legal rights and interests of organizations and citizens.
Appearing of new branch for the country – computer production, makes this objective quite current in the context of establishment of ‘digital’ Turkmenistan and provision of requirements of the economy with own information technologies.
In addition, work for establishment of central system of the government trade network on the territory of Ashgabat, which allows monitoring goods in online mode starting from delivery to warehouses, dispatch to shops to sale volumes and remains, has been carried out throughout the year.
Special website with information about each shop of the Ministry of Trade and Foreign Economic Relations with addresses, contact details, variety of goods including quality, date and place of production, package, expiry date, etc. has been opened in the internet for the convenience of consumers.
Service for buying of railway e-tickets in online mode has been launched. Projects of digitization in economic, financial and banking sphere, electronic services tax authority are under development. At the same time, steadfast training of personnel for servicing of digital networks, including in Polytechnical secondary professional school, where the best world educational practices are implemented, is carried out.
Implementation of the Programme of development of private entrepreneurship, achievement of coordinated work of the branches of national economy and its non-government sector are among priority vectors of the policy of the Head of Turkmenistan. In this context, development of draft law on the government and private partnership is outlined as persective direction of activity of the Mejlis.
Taking into account the attention paid to bringing of budget and tax, monetary and credit relations in compliance with recognized standards of international law, analysis of legislation regulating banking activity has been carried out regulatory acts in this sphere has been improved in 2019.
Continuing the review, it is worth to highlighted the subject of development of economic diplomacy. It is generally known, that this term is explained by the activity of the government institutions with attraction of public and entrepreneurship structures, application of knowledge of modern economic, political and legal sciences and instruments, methods and forms of diplomacy, use of bilateral and multilateral mechanisms for achievement of national interests on the world arena.
In this context, it is important to highlighted that at modern stage, Turkmenistan has significantly activated its role in global space, having extended the borders of cooperation with different countries of the world and leading financial organizations. Special attention was paid in 2019 to intensification of fruitful contacts, including with the countries of the region and CIS.
Development of the partnership format, which is based on common values and united by the same goals and objectives, is the main condition of stability of global economic system. Today, following this position, Turkmenistan practically demonstrates the willingness to participate in this process and to support in exchange of positive practice.
Successful first Caspian Economic Forum in august 2019 is worth to be mentioned as a visual example. Proposal of the Head of Turkmenistan has become the result of deep analysis of modern processes f development, place and role of Caspian Sea as important geopolitical and economic space.
It is worth to remind that rich programme of the forum has included numerous events like working meetings and talks, intergovernmental sessions, sessions on ministerial levels, business assemblies, export consultations, topical conferences and seminars.
Caspian exhibition of innovative technologies and International Motor exhibition Türkmen sährasy-2019, under which achievements and potential of different branches of the economy of our country, Caspian states and their partners have been demonstrated, were the main events among them.
At the same time, importance of the meeting of the heads of competent economic authorities of the Republic of Azerbaijan, the Islamic Republic of Iran, the Republic of Kazakhstan, Russian Federation and Turkmenistan is worth to be highlighted.
Role and place of member states of the Agreement between the Governments of Caspian states on trade and economic cooperation in global system of the world economic relations, potential of expansion of productive contacts in the sphere of digital economy and special economic zones, opportunity of implementation of joint investment projects and programmes were the main subjects of discussion.
President Gurbanguly Berdimuhamedov notes that need of establishment of the mechanism for direct dialog between the governments, profile economic institutes and business structures interested in work in Caspian Sea has matured in current conditions.
Therefore, strengthening of regional cooperation not only as an instrument of intensification of economic cooperation but also as important factor in provision of sustainable development acquires special currency.
Special attention is paid in the country to establishment and development of special free economic zones, which are integral part of the world economic relations these days. Formation of FEZs supports to enhancement of competiveness of national economies, expansion of export capabilities of Caspian states and in the result, to prosperity of the countries and wealth of the nations. This subject has also been included into agenda of the above-mentioned meeting.
In this case, it would be appropriate to mention the measures taken in this direction in Turkmenistan. It includes realization of relative Concept approved by special Resolution of President Gurbanguly Berdimuhamedov.
Current works are to support to saturation of local consumer market with good, increment of working occupancy of the population, formation of modern market infrastructure, increment of foreign currency income to the budget as to transfer of technologies and management know-hows, growth of volumes of foreign investments.
The 83rd session of the Economic Council of the Commonwealth of Independent States, which was held in Ashgabat on September 13 under the chairing of Turkmenistan in the CIS in 2019, is another important event of the last year. Priority directions of interstate partnership as well as strengthening of regulatory and legal framework of productive contacts between members states of the Commonwealth have been reviewed at he Forum.
Draft Declaration on strategic economic cooperation of the member states of the CIS, which development was initiated by Turkmen leader, has been in the centre of discussion of participants. This document has been adopted by the outcomes of the session of the Council of the heads of the CIS states, which was held in the capital of our country in October 2019.
Active cooperation with International Monetary Fund, the World Bank, European Bank of Reconstruction and Development, the Islamic Development Bank and other structures has been also continued. Such format of the partnership provides further improvement of national financial and banking system, investment into development of leading branches of national economy.
Approval of the Programme of development of foreign economic activity of Turkmenistan in 2020 – 2025 by the Resolution of President Gurbanguly Berdimuhamedov was an important event in this aspect.
The Programme provides improvement of financial and economic, management and legal environment for stimulation of export oriented and import substitutive production.
The document sets out activities for effective realization of proposal made by the President, which received support of competent international organizations, including the agreements achieved by the outcomes of the First Caspian Economic Forum.
Measures for attraction of big foreign investments into different spheres of the economy, formation of favourable investment environment for opening of joint and foreign ventures in the country have been outlined by the Programme among practical measures for development of foreign economic activity.
At the same time, the focus is made on the necessity of arrangement of work of the main branches of national economy on innovative basis, growth of competiveness of production by quality and price in the world market, increment of share of private sector in foreign economic relations of Turkmenistan.
Therefore, this year will be new stage of progress of our state. Such mechanisms and instruments as the government and private partnership, investment, scientific and technological cooperation with all interested parties will be on high demand.