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Azerbaijan's transport potential to greatly influence international trade dev't - expert

Economy Materials 17 November 2022 20:54 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, November 17. Major reconstruction projects in various fields, that Azerbaijan is implementing on lands liberated from Armenian occupation, will unlock new economic opportunities and increase the country’s global outreach, Khalid Taimur Akram, Executive Director of the Pakistani Center for Global & Strategic Studies told Trend.

As he pointed out, after Azerbaijan liberated its lands from Armenian occupation, the country has taken a very active role in development and diversification of energy, transportation, communication lines at the global level.

The enormous development of transportation networks on the East-West, North-South, and South-West routes will result in immense economic growth potential not only for Azerbaijan, but also for Armenia, Iran, Georgia, Turkiye, Russia, and many others, he said.

“It also involves the economic interests of all countries concerned, regionally and even globally. It is evident that these routes are closely related and even complementary to each other as they hold the potential to have long-term influence on international trade,” Akram added.

For example, the Zangazur Corridor project, the launch of which will create stimulate economic connectivity, regional transportation, and communication lines, as well as enhance cooperation in many other areas of mutual interest for the regional stakeholders, the expert noted.

Sustainable economic development, social progress, easy financial flow, managing logistics, and modern transport/communication systems are the significant features of the new projects that Azerbaijan is implementing on its liberated lands.

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Follow the author on Twitter: @mariiiakhm

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