Azernews.Az

By Nigar Abbasova

The Strategic Road Map for the development of logistics and trade in Azerbaijan is expected to ensure a GDP growth by roughly 605 million manats ($ 342.5 million).

Nearly 18,900 new working places will be created in the country till 2020.

The document defined three strategic objectives to be reached in the sphere of logistics and trade.

The objectives include creation of a favorable environment for the increase of trade turnover, getting of higher value added from transit operations, as well as introduction of a mechanism for the implementation of measures in the sphere.

Under the Road Map, successful implementation of the measures envisaged in the document will up the share of Azerbaijan in marine cargo transshipments en route Central Asia – the Black Sea by some 40 percent. An increase of 25 percent is expected en route Central Asia – Europe, up to 3 percent on China-Europe, 40 percent on Russia – Iran and some 25 percent on Iran –the Black Sea route.

Besides, revenues from air operations will increase by 5 percent till 2020.

Nearly 5 logistics and trade centers will be constructed in the country by that period.

Due to its strategic location on the most convenient route from North-Eastern Europe to Central Asia and the Middle East, Azerbaijan has a vibrant transport sector and intends to turn into a regional transportation hub.

The completion of the Baku-Tbilisi-Kars railway and the Alat Port is expected to position Azerbaijan as a viable transit route for trade between East, Central, and South Asia and Europe.

--

Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

Follow us on Twitter @AzerNews