BAKU, Azerbaijan, August 20. Transforming Turkmenistan’s strategic position into a competitive trade advantage requires modern infrastructure, institutional reform, and the adoption of international best practices at the border, a source from the United Nations Conference on Trade and Development (UNCTAD) told Trend.
“The primary obstacle lies in leveraging Turkmenistan’s pivotal
geostrategic positioning to transform it into a bona fide
competitive edge.” This entails the development of contemporary
infrastructure, the reengineering of institutional frameworks, and
the integration of globally recognized methodologies at the
border,” the source articulated.
Per the organization's framework, the continuous facilitation
emphasizes the digital transformation of customs processes to
optimize clearance durations, minimize expenditures, and enhance
trade predictability for enterprises.
“These transformative initiatives enhance visibility, bolster
adherence to regulatory frameworks, and integrate Turkmenistan more
intricately into the global marketplace.” They additionally bolster
the nation’s overarching developmental objectives, encompassing
digitized trade frameworks and eco-friendly methodologies, thereby
guaranteeing that fiscal advancements are aligned with enduring
resilience,” the source elaborated.
