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The prospects for the development of the Trans-Caspian International Transport Route and its importance in the implementation of China’s "One Belt, One Road" initiative were discussed at the meeting

Gurbanov said that the Azerbaijani and Chinese governments signed the Memorandum of Understanding on joint promotion of the creation of the Silk Road Economic Belt during Azerbaijani President Ilham Aliyev’s official visit to China in December 2015 which is important in terms of transport and transit cooperation.

The Trans-Caspian International Transport Route plays an important role in the implementation of China’s “One Belt, One Road” initiative. The use of the potential of this corridor creates favorable conditions for cooperation in the economic sphere, in particular in the field of investments, trade and transit. Azerbaijan is one of the first countries which has supported China’s “One Belt, One Road” initiative.

Azerbaijan plays an important role in cargo transportation from China to Europe and in the opposite direction, while the Trans-Caspian International Transport Route, which runs through Azerbaijan, perfectly conforms with China’s "One Belt, One Road" initiative.

Then Gurbanov spoke about Azerbaijan’s transport and logistics potential and international transport corridors.

He stressed that the Azerbaijani side is able to make a great contribution to the implementation of the "Silk Road Economic Belt" initiative, which is one of the branches of the One Belt, One Road strategy and envisages the expansion of economic ties between the countries located on the historical "Great Silk Road".

In turn, Zhenfang thanked Gurbanov for detailed information on the activity within the Trans-Caspian International Transport Route.

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