Agroindustrial complex: a Key Vector of the Economy

8 May 2021

One of the key directions of the economic strategy of Turkmenistan is the development of the agroindustrial complex, which is directly related to the provision of food abundance in the country. In this area, large-scale transformations, aimed at raising its efficiency and increasing the volume of agricultural production and exports are being successfully carried out. The reforms carried out in our country in this industry ensure the reliable stability of the national economy against external risks, make it possible to minimise the impact of unfavourable external factors and provide an opportunity to maintain high GDP growth and to increase the output of agricultural products and the volume of investments in this sphere.

World practice shows that the agroindustrial complex is one of the main factors of the sustainable development of the national economy of advanced countries and the enhancing of people’s wellbeing. The qualitative changes taking place in the agroindustrial complex of our country are a direct result of the carefully thought-out state policy pursued by the esteemed President and focused on the comprehensive support of domestic producers. Owing to the fundamental transformations carried out in this area and the comprehensive support of small and medium-sized businesses, significant success has been achieved in ensuring food abundance, which is an important factor in the prosperous life of people. In accordance with this strategy, systemic measures are being taken to modernise and diversify agriculture and other sectors of the agroindustrial complex. Along with wheat and cotton growing, animal husbandry, poultry farming, vegetable growing, horticulture, viticulture, melon growing, beekeeping and other types of agricultural business are actively developing today. Much work is being done to optimise sown areas, to increase crop yields and soil fertility, to develop virgin lands, to address issues of land reclamation and irrigation, to introduce innovative agricultural technologies and to develop specialised science, breeding and pedigree business.

the Head at the Department of Study of Commodity Circulation in External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan. Photos: Hasan MAGADOV