Azernews.Az

By Kamila Aliyeva

The number of ports connected to the Trans-Caspian International Transport Route (TITR) will be increased, said Taleh Ziyadov, the Director General of the Baku International Sea Trade Port CJSC.

Ziyadov announced about this while talking to reporters on the sidelines of the second meeting of sister ports within the Cooperation Council of Turkic Speaking States (Turkic Council) in Baku.

Along with the Baku International Sea Trade Port, Kazakh ports of Aktau and Kuryk, as well as Turkish port of Samsun are also involved in the route, said Ziyadov.

“We expect their number to increase,” he added.

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.

About 300,000-400,000 containers are expected to be transported via the Trans-Caspian international transport route by 2020, bringing huge financial profits to Azerbaijan.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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