President Gurbanguly Berdymukhamedov of Turkmenistan approved a decree establishing a of foreign truck trailer owners appropriate fees and charges. They will begin to be collected by authorized banks as of November 15and will be sent to the State Fund for the Development of the Golden Age of the country (effective since 2003). Foreign shipments of goods are subject to taxation transiting through Turkmen territoryprovided that foreign firms' trucks are not used. The period of validity of the Resolution is one year.
The document concerns both foreign logistics companies and individuals representing the member countries of the Lazurit Corridor Agreement and the Agreement on the Formation of an International Corridor concluded between Turkmenistan and Iran, Oman, and Uzbekistan.
The purpose of the Ordinance is to. streamline cargo transportation in TurkmenistanThe company's main objective is to increase the competitiveness of the transport sector in international freight transport.
The Turkmen leader instructed the Cabinet of Ministers to submit, within a month, proposals for additions and corrections to the current legislation stemming from the above-mentioned decree.