SPECA Days Conclude With Ashgabat Initiative on Reducing Trade Barriers

BUSINESS TURKMENISTAN
SPECA Days Conclude With Ashgabat Initiative on Reducing Trade Barriers
The participants of the SPECA forum discussed the opportunities of facilitating the normative procedures of carrying out the trade relations, as well as the development of transport connection systems.

The SPECA days in Turkmenistan concluded on Wednesday with the adoption of “Ashgabat Initiative on Reducing Barriers to Trade and Transport Using United Nations Legal Instruments, Norms, Standards and Recommendations while Bolstering Connectivity in the SPECA region.”

The capital of Turkmenistan hosted SPECA Economic Forum and the 14th Session of the SPECA Governing Council that day.

The participants of the forum discussed the opportunities of facilitating the normative procedures of carrying out the trade relations, as well as the development of transport connection systems.

The parties made proposals and recommendations with the aim of easing the access to regional markets, including the coordinated functioning of transboundary chains of supply.

The parties noted that these efforts would promote the enhancement of connectivity between the economies of SPECA states and the countries of Europe and Asia which in turn should draw in new investments, technologies and innovations in the given region.

UN Special Programme for the Economies of Central Asia (SPECA) was launched in 1998 to strengthen subregional cooperation in Central Asia and its integration into the world economy. The countries of SPECA are Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.