On November 10, talks were held at the Academy of Public Administration under the President of Turkmenistan with representatives of the Asian Development Bank. The main topic of discussion was Kazakhstan's experience in the process of accession to the World Trade Organization (WTO), as well as measures to bring the national economy into compliance with international trade requirements. This was reported by ArzuwNews.
During the meeting, particular attention was paid to preparing Turkmenistan's private sector for operating under international trade conditions. One of the key requirements for WTO accession is the implementation by enterprises of international standards for management, quality and transparency of operations. In this regard, domestic companies are already using ISO standards and ERP systems to automate production and management processes.
Preferential lending provided by financial and credit institutions serves as an additional tool for modernizing enterprises. Such support is primarily aimed at developing export-oriented production and manufacturing products capable of replacing imported goods.
Among the most promising areas for expanding exports are the textile and carpet industries, the agro-industrial sector, and the production of food products and construction materials.
New opportunities for small businesses are also associated with the advanced processing of hydrocarbon raw materials and the development of manufacturing facilities in the chemical industry.