Image Credits - Arabian Business
Turkmenistan has outlined ambitious plans to prioritize the development of the digital economy and e-commerce in its comprehensive national development strategy for 2024, demonstrating the country’s unwavering commitment to technological advancement.
This strategic vision represents the country’s coordinated efforts to harness the transformative power of digital technologies for sustained economic growth, innovation stimulation, and improved global trade relations. It was stated by Deputy Chairman of the Government Batyr Atdaev during a recent Cabinet of Ministers meeting.
The State Commodity Exchange has been charged with the crucial duty of implementing cutting-edge electronic trading techniques as part of the development plans for 2024. With this action, Turkmenistan hopes to become more efficient in trade and establish itself as a technologically advanced player in the world economy.
In addition, the Chamber of Commerce and Industry has been instructed to use contemporary technologies in the planning of conferences and exhibitions. This program aims to highlight Turkmenistan’s technological and industrial capabilities as well as the country’s dedication to adopting digital solutions to improve diplomatic and commercial ties worldwide.
Turkmenistan’s 2024 vision focuses a strong emphasis on fostering the growth of the private sector in tandem with its digital ambitions. Turkmenistan’s deliberate focus on the private sector’s growth highlights the country’s dedication to encouraging entrepreneurship, innovation, and job creation. The private sector is frequently seen as the foundation of a dynamic economy. Turkmenistan aims to stimulate economic diversification and unlock the unrealized potential of its people by fostering an atmosphere that is favourable to private enterprise.
Turkmenistan wants to strengthen its trade and economic ties with other countries even outside its borders. The country’s dedication to making e-commerce a top priority is in line with international trends in a time when digital connectivity is the foundation of international trade. Turkmenistan positions itself as a proactive player in the changing international trade landscape by actively engaging in the digital economy, creating new opportunities for cooperation and business partnerships.