Asian leaders at economic summit in Turkmenistan vow to help Afghanistan

The leaders of several Asian countries called for boosting their economic ties and pledged to provide assistance to Afghanistan during a summit in Turkmenistan

Afghanistan, kabul, economy
Photo: Reuters
AP Ashgabat (Turkmenistan)
2 min read Last Updated : Nov 29 2021 | 7:20 AM IST

The leaders of several Asian countries called for boosting their economic ties and pledged to provide assistance to Afghanistan during a summit in Turkmenistan on Sunday.

The countries, which are part of the 10-member Economic Cooperation Organisation that includes Turkey, Iran, Pakistan, Afghanistan and six ex-Soviet nations, called for removing trade barriers and developing new transport corridors across the region. They also voiced concerns about the situation in Afghanistan, which has been taken over by the Taliban, and promised to help stabilize the country.

Speaking at the summit, Pakistan's President Arif Alvi pointed at the threat of Afghanistan's economic and financial collapse, saying the Islamic world needs to pool efforts to help avert a catastrophe that could foment chaos and conflict.

He said countries in the region need to move quickly to help rebuild the Afghan economy, shore up the country's health care and education systems and offer humanitarian assistance.

He noted that the stabilisation of Afghanistan would allow the implementation of long-stalled infrastructure projects, including a gas pipeline, railways and power grids linking countries in the region.

Turkmenistan's President Gurbanguly Berdymukhamedov emphasized that those projects would help offer colossal cooperation prospects and help attract foreign investment," strongly benefiting Afghanistan and its neighbours.

Turkish President Recept Tayyip Erdogan noted the importance of rebuilding Afghanistan's economy, saying that the country's meltdown could trigger a massive refugee exodus that would affect the entire region. He said Turkish humanitarian groups have stepped up efforts to deliver humanitarian aid to the Afghan people.

Iranian President Ebrahim Raisi also offered help, saying that Afghanistan desperately needs food, fuel and financial assistance as the winter looms.

On the sidelines of the summit, officials from Azerbaijan, Iran and Turkmenistan signed a trilateral deal on natural gas deliveries from gas-rich Turkmenistan to Iran and onto Azerbaijan.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :TurkmenistanAfghanistanAsia

First Published: Nov 29 2021 | 7:20 AM IST

Next Story