Mejlis (parliament) of Turkmenistan have ratified the draft law "On joining the Basic Multilateral Agreement on International Transport for the Development of the Europe-Caucasus-Asia Corridor", local TV channel Altyn Asyr reports.
The deputies noted that "the adoption of this law is important in providing a legal framework for the effective realisation of the country's economic potential, development of Turkmenistan's transport sector, as well as further improvement of the legislative framework in this area in accordance with the realities of the time."
TRACECA (abbreviation of Transport Corridor Europe-Caucasus-Asia) is an international cooperation programme established in 1993 and funded by the EU.
Its leitmotif is the development of a transport corridor from Europe to Central Asia via the Black Sea, the Caucasus and the Caspian Sea. The project involves Black Sea ports (Poti, Batumi), Caucasus railways, the Caspian ferry crossing (Baku - Turkmenbashi), railway communications of Turkmenistan, Uzbekistan, Kyrgyzstan Kazakhstan and China, as well as Chinese ports on the Pacific coast.
Experts told Daryo that the implementation of the programme will improve the investment climate in the partner countries through which the transport corridor is planned and contribute to their integration with the European Union.
According to them, the program focuses on the transportation of cargo according to a single transport document for the entire route when using various modes of transport.
Credits: Eziz Boyarov
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