Friday, October 4, 2024

Turkmenistan And EU Seeking An Agreement On The Trans-Caspian Transport Corridor Coordination Platform

 


The European Union is seeking more economic ties to Turkmenistan. The diplomatic talks that happened this October focused on the establishment of  the  Coordination Platform. This is designed to make trade through the Trans-Caspian Transport Corridor more efficient. Other Central Asian and  South Caucasus countries sent diplomats and representatives to the meeting. The agreements focused on development of infrastructure, the transport of cargo, and investment. Part of the objective is to promote economic growth in Central Asia and the EU. The construction of the Coordination Platform is set to launch in 2025. This does have benefits for Turkmenistan, but the concern relates to even distribution of them. Employment should be the first priority related to Turkmen. Wealth that is acquired from the project might not reach the average citizen. It might become part of the Berdimuhamedow family's assets. The country has been ruled by the father and son since 2022. Gurbanguly Berdimuhamedow was president from 2006 to 2022. The power sharing agreement was more of the establishment of co-ruling governance. It is unknown how much influence Serdar has on government. Gurbanguly still remains Chairmen of  the People's Council of Turkmenistan. Economic policy appears to be going in the direction of more investment and  association with the European Union. 

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