Turkmenistan preps for risks linked to volatility of global commodity prices

Active work in the industrial sector, assistance in export development with emphasis on sectoral diversification and modernization can support the growth of the national economy of Turkmenistan and reduce the risks associated with volatility of global commodity prices, according to the article of the Strategic Planning and Economic Development Institute of Turkmenistan.

“Taken together, the reforms aimed at strengthening market mechanisms in the Turkmen economy, contribute to enhancing its flexibility and competitiveness in conditions of an integrated and changing world,” said the article.

State programs for manufacturing import-substituting products and increasing the export volumes of products manufactured in the country were approved in Turkmenistan. These measures are aimed at developing chemical industry, light and food industries, machine building, agriculture, domestic pharmaceutical industry.

/By Trend/