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Guide for investors
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Guide for investors
Turkmenistan has created an effective economic system with a strong investment potential and today measures continue to be taken to further improve the investment climate for both foreign and domestic investors.
It is important to note the improved system of intellectual property rights, which guarantees and increases the activity of foreign investment in the economy of Turkmenistan. Membership in prestigious international organizations and entry into international treaties, cooperation in the field of intellectual property increases confidence in the country.
Under article 23 of the Foreign Investment Act, the exercise of intellectual property rights of foreign investors and enterprises with foreign investment and their protection are ensured in accordance with the laws of Turkmenistan. Turkmenistan has also signed many international conventions and treaties in the field of intellectual property.
The norms stipulated by the Laws of Turkmenistan contribute to the attraction of foreign investment and allow the development of business of national producers, which in turn allows the development of competitiveness in the international market.
The State Bank for Foreign Economic Affairs of Turkmenistan helps to carry out active operations in the international market and constantly works to improve the mode of operation of accounts and reduce costs when carrying out settlements through correspondent accounts of the Bank in banks of the CIS, Europe, North America, Asia. Long-term partnership relations have been established with Eximbanks of China, Czech Republic, Turkey, Malaysia, Japan Bank for International Cooperation, insurance agencies Hermes, UNM. Among international banks and development funds such financial institutions as European Bank for Reconstruction and Development, Islamic Development Bank, OPEC Fund, Abu Dhabi Fund for Development, Saudi Fund for Development stand out.