Ï Turkmenistan and UNDP unite efforts to improve foreign trade monitoring methods
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Turkmenistan and UNDP unite efforts to improve foreign trade monitoring methods

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Turkmenistan and UNDP unite efforts to improve foreign trade monitoring methods

International expert Alexey Ponomarenko visited Turkmenistan to share advanced practices and offer recommendations for enhancing foreign trade monitoring methods.

Trade in services often involves intangible transactions that do not pass through customs, making them difficult to track accurately. Implementing new data collection methods for foreign trade in services can significantly improve data accuracy, especially for digital and small-scale transactions. On November 7, 2024, a roundtable discussion was held with representatives from the State Statistics Committee of Turkmenistan, the Central Bank of Turkmenistan and the State Customs Service of Turkmenistan.

The expert's visit took place as part of the project "Support in Improving Statistics of Foreign Trade in Services, as well as in Improving Statistical Information on Passenger and Cargo Transportation," implemented by the State Statistics Committee of Turkmenistan in collaboration with the United Nations Development Programme (UNDP). 

This initiative supports the ongoing efforts of the Government of Turkmenistan to improve both foreign and domestic trade by harmonizing national legislation with international standards on trade in services and enhancing the quality of data on passenger and cargo flows.