Trans-Caspian transport route to adopt a work plan for 2017
By Kamila Aliyeva
The International Association of Trans-Caspian International Transport Route (TITR) at a meeting on Wednesday will approve the work plan for 2017.
Azerbaijan Caspian Shipping Company said that the first meeting of the working group on development of TITR, was held yesterday in Batumi. At this meeting the tariffs for the Trans-Caspian corridor ranging from China to Europe through the Caspian Sea have been reviewed again and a comparative analysis of other alternative route lines has been done.
Participants discussed the possibility of increasing competitiveness of the corridor, the elimination of difficulties that may arise, as well as the delivery of goods by the Baku-Tbilisi-Kars railway to Central Asia and China, and in the opposite direction. The final protocol was signed at the end of the meeting,” said in the report.
The meeting of the founders of the International Association of TITR, which is expected to approve the work plan for 2017, was held January 18.
The Trans-Caspian international transport route, which is created to provide transport connections between the East and West of Eurasia, runs through China, Kazakhstan, Azerbaijan, Georgia and then to Europe via Turkey and Ukraine. The route was launched with the establishment of its Coordinating Committee in October 2013. In January, 2016, Azerbaijan, Kazakhstan, Georgia and Ukraine decided to apply the competitive tariffs for cargo transportation via the TITR. New competitive tariffs were introduced for the Trans-Caspian International Transport Route since June 1, 2016.
In October 2016, Azerbaijan, Kazakhstan and Georgia signed an agreement on the establishment of the International Association of TITR, whose office is located in Astana. Its activities are aimed at attracting transit and foreign trade cargo, as well as on the development of integrated logistics products via TITR.
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