Arzuw NEWS - Turkmenistan news

Turkmenistan takes part in SPECA Economic Forum

Representatives of several ministries of Turkmenistan - Trade and Foreign Economic Relations, Economy and Finance, Labor and Social Security, Foreign Affairs - took part in the Economic Forum of the UN Special Program for the Central Asian Region (SPECA). The event was held in a videoconference format, and its main topic was the interaction of countries in the region to restore their economies after the COVID-19 pandemic.

The UN Economic and Social Commission for Asia and the Pacific helped organize this meeting. Heads and leading specialists of international organizations, representatives of financial institutions and delegates of SPECA member states - Turkmenistan, Afghanistan, Kyrgyzstan, Kazakhstan, Azerbaijan, Uzbekistan and Tajikistan - were invited to participate in the event.

Forum participants noted that one of the key promising areas of interest for each SPECA country is the creation of reliable transport corridors and organization of reliable transport communication. In the post-pandemic period, SPECA member states intend to actively develop trade and economic relations not only in the region, but also with their other business partners. This should be facilitated by simplifying trade procedures, and other effective measures should facilitate transit. And this, in turn, will preserve the sustainability of trade and marketing ties.

According to Turkmen leader Gurbanguly Berdymukhamedov, the formation of the digital economy plays an important role in the recovery of economies after the pandemic. Digital corridors, "single window" systems formed according to UN standards, as well as the realization of the potential that the digitalization of transport and trade has, will also contribute to intelligent development. This will be discussed in more detail in the reports that will be presented to the participants on the second day of the forum.

The second day of the event will also discuss what fiscal and monetary measures have been implemented by SPECA countries since the launch of COVID-19. What economic policies and financing strategies have been employed by states during this difficult period.


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