HomeNewsDiplomatic NewsTurkmenistan-Azerbaijan-Türkiye unite, streamline trade deals

Turkmenistan-Azerbaijan-Türkiye unite, streamline trade deals


Ashgabat, 24 November 2023 (TDI): On Thursday, representatives from Turkmenistan State Customs Service, Azerbaijan’s State Customs Committee, and Turkey’s Ministry of Trade met in a trilateral meeting to develop a method to streamline mutual trade dealings.

The conference was held in video format at the Turkmen side’s request. The goal of the gathering was to put into action the Memorandum of Understanding (MOU) concluded between the governments of the three countries on the formation of a joint Advisory Group on Customs Cooperation.

The participants consented to exchange information about the advisory group’s members in the coming months as well as decided the location and time of its first meeting.

Moreover, the members also discussed the matter of informing one another regarding goods and vehicles traversing the customs boundaries of the three countries.

The first trilateral Summit of the Presidents of Turkmenistan, Azerbaijan, and Turkey was held in Turkmenbashi province of Turkmenistan on December 14, 2022. A memorandum of understanding on the creation of a joint Advisory Commission on Customs Cooperation was signed between the leaderships of Turkmenistan, Azerbaijan, and Turkey.

The agreement aimed to simplify customs procedures to allow for a faster flow of goods between all three nations, reciprocal information exchange, and the creation of circumstances favorable to the advancement of mutual commerce and collaboration.

Also Read: Turkmenistan Consul General meets Afghan Foreign Minister

The heads of the three states agreed that the basis of trilateral cooperation is an in-depth comprehension of the need for enhancing mutual contacts, a shared set of long-term objectives in the context of the major trends in international politics, and the enormous potential for trade, economic, and humanitarian cooperation.

All of the countries involved are significant members of the INSTC network, having Türkiye and Azerbaijan on the Caspian Sea’s western shore with access to Europe, and Turkmenistan on the eastern coast with linkages to Central Asia.

The three countries support and cooperate through international organizations such as the United Nations, the Organization of Islamic Cooperation, the Organization of Turkic States, the OSCE, and others.

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