ASHGABAT, Turkmenistan, July 19. Turkmenistan is advancing efforts to align its economic policies with international standards by joining major multilateral frameworks of the Organization for Economic Co-operation and Development (OECD), Trend reports via Turkmen Parliament.
During a Cabinet meeting on July 18, Deputy Prime Minister Khodjamyrat Geldimyradov presented a report on expanding cooperation with international institutions, particularly the OECD. President Serdar Berdimuhamedov approved the proposal for Turkmenistan to join two key international instruments: the Convention on Mutual Administrative Assistance in Tax Matters and the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.
These OECD instruments are designed to increase cross-border tax transparency and combat tax evasion. Participation will allow Turkmenistan to exchange financial data with other countries, help prevent illicit flows, and strengthen international trust in its financial system.
The President emphasized the importance of adopting international best practices in economic governance and instructed relevant bodies to ensure timely implementation of the agreements.
This step reflects Turkmenistan’s broader commitment to modernizing its financial architecture, attracting international cooperation, and promoting openness in accordance with global standards.
