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Ashgabat to host exhibition on production of import-substituting products

27 November 2017 12:09 (UTC+04:00)
Ashgabat to host exhibition on production of import-substituting products

By Trend

The international exhibition for the production of import-substituting products will be held in Ashgabat on December 2-4, 2017, the event’s organizer, the Turkmen Chamber of Commerce and Industry, said in a message.

Equipment for various spheres – oil and gas, chemical, agricultural and food industry, healthcare – will be showcased during the event.

This will provide an opportunity to become acquainted with the best practices in the field of laser and electronic technologies, to advertise products, manufacturing of which is conducted in Turkmenistan for import substitution purposes and to establish partner contacts, according to the message.

The event is aimed at expanding trade and economic relations, preparing and launching projects to increase the competitiveness of the national economy and its production potential.

Previously, it was reported that relevant state programs were adopted in Turkmenistan.

Under the program to increase the volume of exports of Turkmen products, 33 projects are planned to be implemented in the country.

Meanwhile, under the program for the production of import-substituting products, the implementation of 81 projects is envisaged in Turkmenistan.

The program was adopted with the aim of forming import-substituting industries, strengthening the positive balance of foreign trade turnover, creating new jobs and increasing the incomes of the population, and gradually increasing the share of the private sector of the economy.

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