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Turkmen State Service of Maritime and River Transportation working to attract foreign investment

Transport Materials 27 November 2020 11:50 (UTC +04:00)
Turkmen State Service of Maritime and River Transportation working to attract foreign investment

BAKU, Azerbaijan, November 27

By Jeila Aliyeva - Trend:

Turkmenistan’s Turkmen Deniz Derya Yollary Agency (Turkmen State Service of Maritime and River Transportation) is working to attract foreign investment by expanding the range of provided services, Trend reports with reference to the State News Agency of Turkmenistan.

In addition, the above-mentioned agency is carrying out activities for the development of the marine fleet.

In recent years, Turkmenistan has been carrying out large-scale work on the development of transport corridors, which contributes to the establishment of Turkmenistan as an important transit hub of the continent.

The work being carried out also provides conditions for further strengthening the socio-economic potential of the region, expanding its transport and logistics infrastructure.
Currently, Turkmenistan is implementing sea, road, rail, air, and pipeline international logistics projects.

The agreements reached on the transport corridors Uzbekistan-Turkmenistan-Iran-Oman and Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey will help to enhance cooperation within the regions and the continent.

Also, the highways that have already been built and are under construction in Turkmenistan, including the roads Ashgabat-Karakum-Dashoguz, Turkmenbashi-Ashgabat-Farab, are important in the development of road logistics.

The favorable geographical location of the country provides opportunities for creating a competitive transport macrostructure.

As reported, Turkmenistan is working to improve the transport sector and customs system. In order to improve the customs system, Turkmenistan has previously discussed The International Convention on the simplification and harmonization of Customs procedures (Kyoto Convention).

The accession to the convention will contribute to the development of mutually beneficial cooperation of Turkmenistan, as well as the development of foreign trade activities of the country.

The optimization of international cooperation in the transport and communication sector is one of the essential factors for achieving the country's sustainable development goals.

As earlier The International Road Transport Union (IRU) told Trend, IRU and Turkmenistan have recently discussed integrating the IRU TIR-EPD (electronic pre-declaration) module and the e-TIR module into the ASYCUDA customs system.

IRU pointed out that ASYCUDA is currently being implemented in Turkmenistan.

ASYCUDA is a computerized customs management system which covers most foreign trade procedures. The system handles manifests and customs declarations, accounting procedures, and warehousing manifest and suspense procedures. It generates detailed information about foreign trade transactions which can be used for economic analysis and planning.

“IRU recommends that the integration of the EPD and e-TIR modules are taken into account during the implementation of ASYCUDA in Turkmenistan,” added the IRU.

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