The Ashgabat Agreement is a multimodal transport agreement signed between the Islamic Republic of Iran, Kazakhstan, Pakistan, Turkmenistan and Uzbekistan in 2011. The agreement aims to facilitate the movement of goods between the countries by providing a framework for coordinated activities and trade facilitation.
The agreement is named after the capital city of Turkmenistan, where it was signed, and focuses on the development of transportation infrastructure and trade facilitation measures. It allows for the establishment of cross-border transport corridors and the promotion of transit trade by creating favorable conditions for the movement of goods and transport vehicles.
One of the key objectives of the agreement is to improve connectivity between the member countries and provide them with access to new markets. This is achieved by reducing transportation costs and transit times, improving border-crossing procedures, and establishing efficient logistics and transport systems.
Under the agreement, the member countries are also committed to promoting the use of multimodal transport, which involves the use of various modes of transport such as road, rail, and sea, to transport goods efficiently. This approach helps reduce the risks and costs associated with relying on a single mode of transport.
The Ashgabat Agreement is also an important step towards regional integration and cooperation. By working together to improve transportation infrastructure and trade facilitation measures, the member countries are able to overcome various economic and political challenges and achieve mutual benefits.
Overall, the Ashgabat Agreement is a significant agreement for the member countries and the wider region. It provides a framework for improving transportation infrastructure and trade facilitation measures, promoting regional integration and cooperation, and facilitating the movement of goods between the member countries. As the member countries continue to work together, the agreement is likely to lead to increased economic activity and growth in the region.