Ashgabat, 8 November 2021: In the framework of the project “Strengthening the Trade Capacity of Turkmenistan” jointly implemented by the United Nations Development Programme (UNDP) and the Ministry of Trade and Foreign Economic Relations of Turkmenistan, an online seminar on the provision of recommendations for improvement of the performance of trading houses abroad, was convened.

The event was organized with participation of an international consultant Ms. Anait Smbatyan from the Russian Federation, who familiarized participants with the international best practices and recommendations for improving the performance of trading houses abroad. Ms. Smbatyan's assignment was carried out with the financial support of the Russian Federation within the framework of the project titled “Knowledge management and capacity building in Russia-UNDP Partnership”.

The event gathered the representatives of the line ministries and entities of Turkmenistan, including the Ministry of Trade and Foreign Economic Relations, Ministry of Agriculture and Environmental Protection, Ministry of Finance and Economy, Ministry of Textile Industry, State Commodity and Raw Materials Exchange, State Customs Service, Main State Service "Turkmenstandartlary", State Bank for Foreign Economic Affairs, Chamber of Commerce and Industry, State Service for Sanitation and Disease Control and the Union of Industrialists and Entrepreneurs of Turkmenistan.

“The aim of the seminar is to provide recommendations for improving the performance of trading houses abroad, which will help expanding the country's export potential and contribute to the efforts on economic recovery,” - said Mr. Akmyrat Danatarov, UNDP Programme Analyst for Governance, Economic Diversification outlining the objectives of the seminar.

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A joint project between the UNDP and the Ministry of Trade and Foreign Economic Relations of Turkmenistan “Strengthening the Trade Capacity of Turkmenistan” was launched in 2019 and aims to contribute to strengthening and building trade capacity of Turkmenistan, expand competitive potential of country’s economy, and based on that engage new sources of economic growth and improvement of welfare of people.