State Customs Service officials were introduced to an improved version of the CAREC regional transit system. The presentation was made by representatives of the Asian Development Bank. This is reported by the online publication "Turkmenistan: Golden Age".
The most important advantages of this system are high security of the supply chain, reduction of time and material costs at the border for transit operators. The system involves the formation of a risk-based guarantee mechanism.
One of the strong benefits of CAREC is the introduction of improved exchange of harmonized transit information for preliminary risk assessment. The basic provisions of the system are in line with the WTO Trade Facilitation Agreement.
This CAREC presentation took place as part of the regional economic partnership in the Central Asian region.
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