UNDP and Ministry of trade and foreign economic relations of Turkmenistan launch a project to strengthen the trade potential of Turkmenistan

UNDP and Ministry of trade and foreign economic relations of Turkmenistan launch a project to strengthen the trade potential of Turkmenistan

The United Nations development programme (UNDP) and the Ministry of trade and foreign economic relations have launched a new partnership project to strengthen trade capacity in Turkmenistan.

The project is aimed at boosting export diversification, increasing the share of products with higher added value in the export composition and reducing the dependence of the national economy on imports.

– Diversification of the economy is very high on the agenda of the Government of Turkmenistan. We are delighted that UNDP starts a new partnership with the Government to boost the national capacity and contribute to the development agenda in such an important sphere as trade. We look forward to implementing this project to the best quality, attracting world class experts, and mobilizing all of our skills and expertise, noted Natia Natsvlishvili, UNDP Resident Representative a.i.

One of the key components of the project is the development of human capital in order to increase the competitiveness of the national staff and transform human intelligence into the leading factor of economic growth, taking into account the demand of the modern economy.

In this regard, UNDP plans to establish contacts with foreign and international organizations, as well as to engage an international expert with the hands-on experience to analyze the current state of the trade sector in Turkmenistan and assess the needs in training and professional development related to foreign and domestic trade issues.

Based on the results of the assessment, special training programmes will be developed for the specialists of the ministry of trade and foreign economic relations, the Chamber of Commerce and Industry, the Union of Industrialists and Entrepreneurs, the Customs Service, the State Commodity and Raw Materials Exchange, and other national trade professionals of Turkmenistan. These training programmes will include such disciplines as trade policy, art of negotiation, instruments for regulation of trade in goods and services, conflicts in international trade and interests of individual countries – regions, and others.

The project will also support the development and implementation of measures aimed at ensuring effective access of Turkmen export products to foreign markets, including the introduction of new economic mechanisms of an integrated system of distribution of goods from the producer to the consumer.

The project entitled “Strengthening the Trade Capacity of Turkmenistan for the period of 2019-2021” is funded by the government of Turkmenistan. Overall governance of the project will be carried out by the Project Board, which primarily consists of representatives from the Ministry and UNDP as well as representatives from Chamber of Commerce and Industry, the Union of Industrialists and Entrepreneurs and the State Commodity and Raw Materials Exchange of Turkmenistan.

Since 2015, Turkmenistan has been implementing a state program to increase exports and create import-substituting industries, in line with which local raw-materials-based enterprises of the chemical industry, light and food industries, agro-industrial complexes have been commissioned in the country.

In January-November 2019, the production of export-oriented products in Turkmenistan grew by 2.5 % on a year-over-year basis.

Elvira Kadyrova