Uzbekistan, Turkmenistan Block Imports to Aid Economy
As an air of economic despondency descends over Central Asia, Turkmenistan and Uzbekistan have decided to eat their way out crisis.
A government meeting in Turkmenistan on August 28 examined areas in which the country might be able to pursue an import substitution policy, which would mean banning imported goods in favor of locally produced equivalents.
Deputy prime minister Palvan Taganov said the bulk of imported goods was accounted for by technical industrial goods, but the state news agency report on the Cabinet discussion gave no details about what those mostly comprise.
Instead, more talk was seemingly devoted to the purportedly more promising area of food imports.
Import substitution was initially touted as Turkmenistan’s ticket out of economic doldrums in a government meeting in April, when President Gurbanguly Berdymukhamedov instructed officials to develop a program on the policy. He also used that meeting to complain of excess spending and the bloated state of the government.
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