Under the terms of the China-Pakistan Economic Corridor (CPEC), Pakistan and Turkmenistan are scheduled to sign a Memorandum of Understanding (MoU) that would allow Turkmenistan access to Gwadar Port. With the help of this agreement, which was made possible by the Special Investment Facilitation Council (SIFC), Turkmenistan would become the first nation in Central Asia to have such access to the CPEC.
This agreement’s main goal is to create regional and global cooperation for the transportation of cargo and containers by utilizing the potential ports of both countries. This development is in keeping with ongoing joint projects between Turkmenistan and Pakistan, such as the railway track, fiber connectivity projects, and TAPI pipeline, which link South and Central Asia.
The Pakistani government established a committee to examine the draft agreement between in advance of this deal.
