Baku, Azerbaijan, Oct. 13
By Elena Kosolapova – Trend:
There is big potential to develop freight traffic from China to Europe and vice versa through Azerbaijan and Kazakhstan, said Vladimir Telnov, deputy director of the Public Policy Institute under the Nur Otan Party.
Telnov made the remarks during the Baku-Astana video conference, titled “Prospects of the Azerbaijan-Kazakhstan relations,” at the Sputnik agency.
Currently, 22 million containers are transported annually between Asia and Europe, he said, meanwhile, only 100,000 containers are delivered by land and the remaining part is transported by sea.
Telnov also noted that direct container traffic by land between Asia and Europe is very promising, as it will significantly reduce time for freight traffic. Both Western countries and China are interested in such direct transportation, he added.
Therefore, China initiated to develop the Silk Road Economic Belt and the country is ready to invest $4 trillion in the development of freight traffic to Europe by land, he said.
The deputy director went on to add that the development of container traffic through Azerbaijan and Kazakhstan will also allow these countries to increase the export of their goods. In particular, there are prospects to increase the export of energy resources, agricultural products in Kazakhstan.
Container traffic between Europe and Asia is planned to be implemented via the Trans Caspian International Transport Route.
The Trans-Caspian International Transport Route runs through China, Kazakhstan, Azerbaijan, Georgia and then through Turkey and Ukraine to Europe.
The agreement to create the Trans-Caspian International Transportation Consortium was signed in April in Baku by the railway authorities of Azerbaijan, Georgia and Kazakhstan.
New competitive tariffs were introduced for the Trans-Caspian International Transport Route since June 1, 2016.
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