Turkmenistan Forms Interagency Group to Streamline Trade Procedures

Turkmenistan intends to create an interagency working group to streamline trade procedures, according to a report from the Turkmen government's press service.

The initiative was announced by Deputy Prime Minister Nokerguly Atagulyyev during a Cabinet of Ministers meeting. A new institutional framework will be established under the Asia-Pacific Agreement on Trade Facilitation, to which Turkmenistan has recently acceded. Comparable national committees are already operational in other member countries, The Caspian Post reports, citing Trend.

Turkmenistan’s participation in the Facilitation of Cross-border Paperless Trade in Asia was formalized with the adoption of a resolution on April 2, 2022, during the 17th session of the Mejlis of the Milli Gengesh.

The framework agreement, administered by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), seeks to modernize trade practices by promoting the adaptation of regional single-window systems. This initiative is expected to enhance the efficiency and transparency of international trade across the region.