Gurbanguly Berdimuhamedov approved the development program of Turkmenistan for 2018-2024

Today during the second day of work of the Council of Elders the President Gurbanguly Berdimuhamedov signed the resolution on approval of the Program of social and economic development of the country in 2018-2024. The head of the state provided the draft of this program and its main reference points for discussion to participants of the Council of Elders yesterday.

Having noted that, relying on rich resources and applying the best international experience of economic development, the head of the state emphasized that Turkmenistan turns into one of the most steadily developing states of the world with the powerful industry, agricultural industry, modern transport service and the advanced social infrastructure. 

- The economic model applied in Turkmenistan provides macroeconomic stability, preserving high amounts of an investments, consecutive development of market institutes and the competition, - the President told. - It gives opportunities for continuation of reforms and enhancement of structure of public administration. 

As Gurbanguly Berdimuhamedov noted, implementation of the tasks determined in this program would create an opportunity and further to keep intensive development of the country, to provide investment activity, to create new workplaces, to strengthen social protection and further to improve housing and social conditions of the population. 

Having signed the resolution on approval of this program, the leader of the country told that for several years a lot of work aimed at phased transition of domestic economy to the market relations, privatization of the entities of state-owned property is conducted. All necessary measures for development of the new directions of production, creation of free economic zones, the security market were taken. Considerable support was given to an entrepreneurship thanks to what the productions relying on the advanced inventions and innovative technologies were arranged. 

In the country really grandiose work on production of import-substituting products, ensuring domestic markets with food products was carried out, Gurbanguly Berdimuhamedov noted. 

- We will also pay special attention to increase in indicators to GDP, a stable growth in volumes of production of industrial output, a construction, foreign trade turnover from now on, - the President told. - The volumes of investment at the level of intensive growth, and stimulation of an entrepreneurship for which role a bigger value is allocated will be kept. 

- Proceeding from these purposes projects of a number of laws are developed and submitted for consideration of Majlis of Turkmenistan, - the President told. - So, parliamentarians discussed and adopted the laws aimed at development of regions of the country, creation of additional workplaces, attraction of foreign investments and also the bill of Turkmenistan "About free economic zones" which determines a legal, economic and organizational basis of creation of free economic zones, their actions. This Law determines preferential terms of the taxation within the free economic zone, cash, customs regulation. It will allow to create the most optimum conditions for work in such zones, export growths in volumes, - the President told.

At the meeting of Council the head of state signed laws on free economic zones, on entering of additions into the Tax code of Turkmenistan and on entering of addition into the Law of Turkmenistan "About Migration".

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