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Turkmenistan launches global pilot project to remove customs barriers

Turkmenistan launches global pilot project to remove customs barriers

A pilot project of the Global Transit Document, aimed at the maximum simplification of customs procedures, was launched in Turkmenistan. The inauguration ceremony, attended by the heads of the Permanent Secretariat of the Intergovernmental Commission of the International Transport Corridor Europe-Caucasus-Asia (IGC TRACECA), the International Center for Transport Diplomacy and the CIS Intergovernmental Council of Road Builders, was held at the “Berkarar” hotel of the “Avaza” National Tourist Zone. This was reported in today's issue of the newspaper “Neutral Turkmenistan”.

Today, almost all international transportation over long distances are multimodal, that is, in any cross-border transport and logistics chain, cargo is delivered using several modes of transport. In this regard, there are often delays, including those related to customs procedures.

The introduction of a digital platform for the global transit network based on the latest technologies using the Global Transit Document will make it possible to extend the customs guarantee and insurance regime, and also ensure the traceability of goods and vehicles along the entire route from the starting point to the destination.

A new approach to organizing global supply chains involves the use of modern digital technologies and the “blockchain” platform, containerization of cargo and strict adherence to the standards and recommendations of the UN, the World Customs Organization and the World Trade Organization.

“Blockchain” technology automates and greatly speeds up the circulation of documents for international cargo transportation. At the same time, data in the public part of the network is open to everyone, but is completely protected from unauthorized interference.

Thus, the implementation of the Global Transit Document will lead to improved conditions for multimodal transportation, international trade and business, and will also contribute to the emergence of a wide range of socio-economic and commercial benefits for all stakeholders, including the growth of tax revenues to national budgets.

Emphasizing that the digitalization of transport is a powerful resource for integration, the project participants expressed their unanimous readiness to develop within a month a Plan of practical steps for the implementation of the pilot project of the Global Transit Document in 2022–2024, designed to promote further economic and social development of Central Asia and the Eurasian region as a whole.

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