BAKU, Azerbaijan, Oct. 24
By Eldar Janashvili - Trend:
The Caspian Sea corridor is an attractive element for international trade logistics, and especially for the grain market, Vice Presideуnt of the Russian Grain Union Alexander Korbut said at the 11th Global Grain Outlook International Grain Trading Conference in Baku,Trend reports from the event Oct. 24.
Korbut said that over the past year, the attitude of trade participants to Trans-Caspian routes has changed significantly, which was facilitated, in particular, by the adoption of an interstate Convention on the legal status of the Caspian Sea.
At the same time, the countries are paying attention to the availability of new ports, such as the Baku International Sea Trade Port in Alat settlement and the Kuryk port being built in Kazakhstan’s Aktau city, as well as the availability of new domestic routes, for example between the mentioned ports and Turkmenbashi Port in Turkmenistan, the vice president noted.
China’s desire is to reorient its cargo flow from the Central Asia-Iran-Turkey-Europe route to a more direct corridor, which doesn’t exclude its passage through the Trans-Caspian corridor, Korbut added.
This is also facilitated by the development of railway infrastructure in Central Asian countries, for example, the China-Kyrgyzstan-Uzbekistan railway and the laying of railways to Ferghana city in Uzbekistan, the vice president said.
The 11th Global Grain Outlook International Grain Trading Conference in Baku is organized by the Russian Grain Union, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), the Russian Export Center and the Federation of Iranian Food Industries Associations.