Turkmenistan is considering joining the Improved CAREC Transit System
Issues of joining the pilot project of the Central Asian Regional Economic Cooperation Improved Transit System and General Information Exchange (ITS/GIE) were discussed during the meeting of representatives of the State Customs Service of Turkmenistan with authorized persons of the Asian Development Bank and the CAREC program. This is reported by the website of the Customs Department of Turkmenistan.
During the meeting, the parties reviewed the text of the Memorandum of Understanding on joining the project and discussed further steps in the framework of cooperation.
Improved CAREC Transit System and General Information Exchange (ITS/GIE) is a harmonized electronic system for controlling the movement of transit goods through the CAREC member States. Modeled on the New Digital Transit System (NCTS) of the European Union (EU), it aims to improve supply chain security in the CAREC region.
The advantages of the system include saving time at the borders for transit operators, accelerated border crossing and an optimized guarantee mechanism.
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