Turkmenistan proposes economic corridors to enhance ties within ECO

BAKU, Turkmenistan, October 1. Turkmenistan has
proposed the creation of economic corridors to strengthen
collaboration within the Economic Cooperation Organization (ECO),
Trend
reports.
Turkmen Foreign Minister Rashid Meredov presented the initiative
during the annual meeting of ECO foreign ministers, chaired by the
Iranian Foreign Minister.
“I suggest placing special emphasis on establishing economic
corridors in the ECO region to facilitate the transportation of
goods and resources, as well as to implement modern technologies,”
Meredov said.
As part of this initiative, he proposed the development of an
ECO Framework Agreement on Digital Technologies and Electronic
Commerce, along with the creation of an information portal.
“To boost trade volumes, we must actively engage in cross-border
and regional activities, focusing on partnerships between small and
medium-sized enterprises across various sectors.
In addition, we propose to create an information portal that
will host data, statistics, and prototypes of business projects to
expand multilateral cooperation," the minister emphasized.
The Minister also highlighted the need for more coordinated
transport diplomacy and collaboration with international
organizations.



"Turkmenistan also aims to create interregional transport
corridors and multimodal transport links with key ports and
logistics hubs in Central Asia," Meredov said.
He reaffirmed the country's commitment to ECO goals and its
openness to cooperation with all member states.
To note, the Economic Cooperation Organization (ECO) was founded
in 1985 by Iran, Pakistan, and Türkiye. The ECO is an
intergovernmental organization aiming to strengthen economic,
technical, and cultural cooperation among member countries.
In 1992, the organization underwent further expansion with the
accession of seven new members: Afghanistan, Azerbaijan,
Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and
Uzbekistan.
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• Turkmenistan
• Eco
• Economic Corridors