Uzbekistan invited to join TITR
By Kamila Aliyeva
A roundtable meeting on the topic "Trans-Caspian International Transport Route and Seaports of Kazakhstan" was held in Tashkent on May 25.
The meeting participants discussed the development and popularization of the Trans-Caspian International Transport Route (TCITR), the potential of sea port infrastructure of Kazakhstan and other member-countries.
To attract an uninterrupted flow of goods, the Kazakh speakers presented the wide possibilities of Aktau and Kuryk sea ports for servicing prospective and voluminous transit traffic.
Moreover, the Kazakh side made a report about its activity on expansion of sea ports and development of dry-cargo and ferry boat fleet in the country.
In addition, for attracting Uzbek partners to the TITR project, the representatives of Kazakhstan Railways and Uzbek companies discussed the terms and deadlines of cargo delivery by railroad.
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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