A meeting of the Steering Committee for the implementation of the TFCA Regional Project, carried out by GIZ on the initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ), took place in Turkmenistan. The event was held under the Memorandum of Understanding signed with the country’s Ministry of Trade and Foreign Economic Relations in March 2024, reports IIC.

The meeting served as a platform to review the work carried out in 2024–2025 and to define cooperation priorities within the TFCA and TCTC projects up to 2029. Representatives of relevant ministries and agencies of Turkmenistan, as well as project managers, took part in the discussions.

Particular attention was paid to the establishment of an Inter-ministerial Working Group on the simplification of trade procedures, which receives advisory support from GIZ. This group will help to speed up trade operations, increase transparency and reduce administrative barriers, which directly supports the growth of trade turnover and the country’s economic development.

During the meeting, participants discussed the results achieved and outlined key activities for the coming period.

The meeting was attended by Nazar Agahanov, Minister of Trade and Foreign Economic Relations of Turkmenistan, and Joachim Fritz, GIZ Coordinator in Turkmenistan.