Industrial policy of Turkmenistan is aimed at the innovative development, assurance of high level competitiveness of the national economy. To strengthen the position of industrial domestic goods at the world market, modernization of processing enterprises is carried out in the country, it is introduced high performance technology that allows to gradually increase manufacture of high quality export-oriented and import substitution products.

In January, Turkmen FEC Enterprises fulfilled plan for oil and gas condensate production by 108 percent, raw hydrocarbon deposits conversion – by 107.6 percent, while the growth rate has made up 100.7 percent.

In January, an agro-industrial complex of Turkmenistan ensured the growth of overall production by 4 percent compared to the last year’s same period.

For foreign currency, businessmen from United Arab Emirates, Afghanistan and other countries purchased jet fuel, regular and calcined petroleum coke produced by Turkmenbashy Complex of Refineries. Representative of business circles of Great Britain bought naphtha produced by Seydi Refinery. Besides, for foreign currency the wheat, variety of one-coloured and jacquard terry fabrics, bedclothes sets and cotton yarn were sold out. The countries purchased the goods are Russia, UAE, Turkey. Total amount of transactions exceeded 11 413 000 US dollars.

At the auctions of the State commodity-raw materials exchange of Turkmenistan 35 transactions were registered for a week.

The new bridge will strengthen trade relations between neighboring states and allow for uninterrupted transportation of cargo and passengers.

Joint-stock company «Türkmen ýüpek» under the Ministry of textile industry has developed a plan for the procurement campaign of cocoons in 2017. Measures in this direction have already been, including the expansion of forage reserve- mulberry plantations, providing manufacturers with quality grain and effective technologies of cultivation of silkworm larvae, providing an opportunity to provide valuable raw materials to processing enterprises in the industry.

New production powers of domestic chemical industry, foundations of new mining industry are established in Garlyk settlement, Kytendag etrap, Lebap Velayat. The development of Garlyk potassium field and construction of the plant for production and enrichment of the potassium is new milestone in industrial development of Turkmenistan.

The entrepreneurs from Russia, UAE, Afghanistan and Hong Kong purchases polypropylene and base oil produced by Turkmenbashy Refinery Complex for foreign currency.

The President of Turkmenistan issued the Resolution authorizing the Ministry of Agriculture and Water Resources of Turkmenistan to sign contracts with foreign companies for the purchase of chemicals and sprayers.