BAKU, Azerbaijan, January 17
By Amina Nazarli - Trend:
Turkmenistan is working to join the agreements the Organization for Cooperation of Railways’ agreement on the International Transit Tariff and the Common Transit Tariff, Trend reports citing Orient news.
By joining these agreements, the Turkmen Railways Agency will be able to develop a convenient platform for agreeing on common tariffs, simplify transit along the China-Europe routes, improve the country's transport and logistics system, and expand the geography of rail transit traffic.
The parties to the International Transit Tariff Agreement are Azerbaijan, Russia, the Czech Republic, Estonia, Latvia, Lithuania, Moldova, Ukraine, Mongolia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
Domestic traffic accounts for the vast majority of Turkmen railway traffic, with cross-border traffic being only about a quarter of total freight volume. However, the advantageous location near large potential markets, as well as access to railway and multimodal transportation links to support international trade, may create a future opportunity to increase cross-border traffic.