Economic strategy of Turkmenistan: A national model of sustainable development

President of Turkmenistan Gurbanguly BERDIMUHAMEDOV: Sacred independence is the foundation of all our development and glorious achievements For 30 years of independence, Turkmenistan, whose economy is developing at an accelerated pace, has firmly consolidated its positions among the countries that are successfully integrating into the world economic space. The achievement of the further progress of the Motherland by stimulating entrepreneurship, introducing advanced technologies, creating joint ventures and joint stock companies, developing insurance, the stock exchange and the securities market and implementing fundamental transformations in all sectors is identified as the priority direction of the economic strategy of President Gurbanguly Berdimuhamedov, the author of innovative initiatives. The main goal of the reforms being implemented to overcome the raw material orientation of the economy, the development of market transformations, the effective use of natural resources and the creation of favourable conditions for the life of people is reflected in the fundamental motto “The state is for the people!”

Trade – a key segment of the economy

Conducted in accordance with the economic strategy of the leader of the nation, the intensification of the trade sphere strengthens foundations of the financial stability of the state, makes an important contribution to the formation of the budget and has a significant impact on the development of production. Growing indicators of domestic trade indicate an increase in the welfare and quality of life of the population, and foreign trade dynamics demonstrates the expansion of the geography of deliveries of Turkmen products to foreign markets. The socioeconomic transformations carried out by the esteemed President Gurbanguly Berdimuhamedov, the introduction of market mechanisms and principles in activities of all sectors of the economy have led to economic growth, also reflected in the sphere of trade. A competitive environment has been formed in it, entrepreneurial activities have been developed, modern methods of organising trade and providing services have been applied.

Transport – a way to sustainable development

As one of the active participants in global integration processes aimed at further facilitating sustainable development and achieving economic growth and stability, Turkmenistan continues to implement the goals outlined in the foreign policy strategy of the state, carried out under the wise leadership of President of Turkmenistan Gurbanguly Berdimuhamedov. On July 29, 2021, on the initiative of Turkmenistan, the UN General Assembly unanimously adopted the Resolution entitled “Strengthening the links between all modes of transport to achieve stable and reliable international transport for sustainable development during and after the coronavirus disease (COVID-19) pandemic” at the 96th plenary meeting of the 75th session. This initiative has become another confirming factor of the attention of our state to the issues of strengthening international transport cooperation, which is in line with international and regional efforts to overcome the pandemic and its economic and social consequences.

Key link of the Economy

The commissioning of a new International Airport in Kerki with the participation of the head of state became a significant event both of the social and foreign economic strategies of President Gurbanguly Berdimuhamedov. In the modern world, the development of transport corridors is a requirement of the time, and our country, together with neighbouring countries, is implementing major regional and continental projects. Therefore, in the modern history of the state, transport infrastructure is one of the priority sectors of the national economy of Turkmenistan. Our country is a promising territory for the development of cargo traffic among the countries of the Eurasian continent and it significantly inreases its transit potential, as the creation of international transport corridors is an important factor in the deployment of productive forces in the modern world economy and the further development of world transport.

Transport corridors of Turkmenistan: Prospects of the branch

On the initiative of Turkmenistan, the UN General Assembly adopted a new resolution in the field of transport. It is entitled “Strengthening the links between all modes of transport to achieve stable and reliable international transport for sustainable development during and after the coronavirus disease (COVID-19) pandemic”. However, the previous UN resolutions, the drafts of which were also presented by the head of state have positively influenced the growth of the economies of the countries of the world.

Industry of Turkmenistan as a key vector of the economy

Turkmenistan today is one of the most dynamically developing independent states in Central Asia. Its unique natural and climatic conditions, rich mineral resources, developed agriculture and powerful labour potential served as the basis for creating a diversified economy in the country with the priority development of not only the agricultural sector, but also of a powerful industry. In accordance with the economic strategy of the distinguished President Gurbanguly Berdimuhamedov, large-scale reforms, aimed at diversifying industries and increasing exports of products in demand on world markets, are being implemented in Turkmenistan. World practice shows that industry plays the most important role in the development of the economy of any country. The national leader notes that despite the spread of the coronavirus pandemic in the world, which led to a fall in the world economy, the closure of the borders of all states and a reduction in business contacts, Turkmenistan has maintained and ensured the growth of its economic activity. Its sustainability is ensured due to the balance between the supply from the industrial sector as a locomotive of the economy and domestic demand, supported by high rates of investments and real incomes of the population.

Online Trading in Turkmenistan Is in Demand

In the 21st century, digital services have become extremely important. With the advent of computers, networks and electronic payments, usual shopping trips have been modified, that is, today e-trade is confidently replacing traditional shopping. Electronic retailing in Turkmenistan is gaining increasing popularity among the population. There are many reasons for this. The main advantage of online stores is that buyers can save their time.

The main goal is security

The Department of State Surveillance carries out state control over the quality of works and services, compliance with the requirements of regulatory documents on standards and standardization. Conducts certification work of testing laboratories. Performs certification work of existing production facilities, production complexes and services. The work is carried out in accordance with the item «Distribution of works on certification of enterprises in accordance with the requirements of international standards related to the quality control system and environmental protection» of «Programs of social and economic development of Turkmenistan for 2019 — 2025 of the President of Turkmenistan». In 2021, the TDS-ISO 9001:2015 (E) certificate of quality compliance was registered for transport and logistics services in the oil and gas system of the private enterprise «Dag deňiz» according to the requirements of international standards.

Reliable experiment — high quality

The experimental department of light textile industry and furniture products of the Experimental laboratory of the state service «Turkmenstandartlary» of the Мary velayat, respectively conducts experiments with various types of clothing, knitwear and furniture products imported from foreign countries and produced in our country. Large-scale changes are being made in all areas of our country, as well as in the standardization system. Achieving high quality of work and services, products imported from foreign countries and produced in our country is one of the main tasks of this service.

Safety of production — keystone to success

Proper compliance with the requirements of technical safety and labor protection at the enterprises of the velayats is always in the attention of our employees. It is important to conduct timely technical analysis on newly constructed and reconstructed facilities. Ultimately, compliance with the occupational safety requirements of the technical methods and equipment projects implemented in these buildings is achieved. In April 2021, the 84th gas station of the Dashoguz oil Product Company was reconstructed and a new brick factory was built in the etrap of S.A.Niyazov. Employees of the Department of Labor Protection and Underground Resources conducted a technical analysis of the project documentation in these enterprises.