NEWS

Turkmenistan receives the status of WTO Observer

The WTO General Council held a regular meeting at the headquarters of the World Trade Organization in Geneva (Swiss Confederation). Turkmenistan's application for obtaining WTO observer status was considered during the meeting. According to the Ministry of Foreign Affairs of the country, the meeting was attended by the Permanent Representative of Turkmenistan to the UN Office in Geneva. The representatives of the Ministry of Foreign Affairs, the Ministry of Trade and Foreign Economic Relations, the Ministry of Finance and Economy took part in the meeting in the videoconference format.

Turkmenistan is becoming an observer of WTO: a new leap in foreign trade

Under the leadership of our Esteemed President, in the year of «Turkmenistan — Home of Neutrality» Turkmenistan, continues to achieve great success in various spheres such as economy, industry, education, health protection, diplomacy and many more. In my article I am going to give a specific observation of our country’s future growth in the aspect of foreign trade. In accordance with the «Concept of the foreign political course of Neutral Turkmenistan for 2017-2023» Turkmenistan, as a Neutral State, follows legal obligations and builds its relations with other states, relying on the principles of equality, mutual respect and understanding, and non-interference in internal affairs of other states. One of the main dimensions of Turkmenistan’s foreign policy is maintaining friendly relations and developing multilateral co-operation with foreign countries. Our esteemed President Gurbanguly Berdimuhamedov notes: «The goal of the regional policy of Turkmenistan is aimed at creating optimal geopolitical and geo-economic conditions for establishing large-scale international partnerships». Our country attaches particular importance to co-operation in these areas with the United Nations and its specialized agencies. On December 6, 2019, the President signed a number of important documents that will outline the content of further focused activities of our country’s foreign

Contributing to the Outstanding Achievements of the Motherland

More than one and a half years have passed since the privatisation of the fishery enterprises by members of the Union of Industrialists and Entrepreneurs of Turkmenistan in accordance with the Decree of the President of Turkmenistan. The results show that the reform in Turkmenistan’s fishing industry aimed at promoting market relations and expanding activities in the non-state sector has promoted to improving the supply of fish products to the domestic market.

Neutrality and the Development of the Oil and Gas Sector

The foreign policy strategy of Turkmenistan, built on its universally recognised international legal status of permanent neutrality, being filled with a qualitatively new meaning and content in the present historical period of the Era of Might and Happiness. In this regard, the peace-loving policy of the Turkmen state, aimed at good neighbourliness and equal and mutually beneficial cooperation with other states and international organisations, is reaching a higher level. From the economic and legal point of view, the neutrality of Turkmenistan contributes to attracting foreign investments in the 21st-century ambitious projects for the development of the depths of the Caspian Sea and energy transit to world markets. Today, the companies from China, the United States, Japan, Russia, Ukraine, Turkey, Iran, Malaysia, the Arab states and EU countries effectively operate in the country. They took an active part in creating the textile industry, modernising the oil and gas sector and agriculture; large-scale road and housing construction is under way and communications infrastructure has been reequipped. The neutrality of Turkmenistan to a large extent predetermined the success of these international projects.

On the way of economic reforms

The year in which the 25th anniversary of permanent neutrality is celebrated marks a new stage in the sustainable state development of Turkmenistan. Today we can confidently speak of rapid economic recovery. This is evidenced by figures and facts – our country is keeping a dynamic pace of its development, GDP is growing also through the diversification and modernisation of the economy, strengthening of the trade and financial sector and carefully thought-out investment policy. The results of the socioeconomic development of our country eloquently testify to this. The fact that Turkmenistan is among the top ten countries in the index of attracting foreign direct investments is a vivid confirmation of the success of the national leader’s economic policy. For example, rural workers have significantly increased the volume of gross crop production. This is a direct result of state support for the agroindustrial complex, a consequence of the measures, taken to raise the Turkmen village as part of the agrarian reform, and to develop the food industry. New heights are conquered by small and medium-sized enterprises, which carry out not only construction work, but also render numerous services with state support. Investments in science, health care, culture and social infrastructure are growing. Today, Turkmenistan has turned into a socially oriented state with a highly developed e