Central Asian region seeks to be main transit connecting East-West, North-South routes

Creating a Business Council that would connect regional business communities and joint ventures, as well as regular industry-specific business forums, interregional cooperation  and introduce Silk Road visa.
Central Asian region seeks to be main transit connecting East-West, North-South routes
20 March 10:34 2019 Print This Article

Delegations from across the region gathered in Tashkent, Uzbekistan for the first Central Asian Economic Forum (CAEF). Government representatives discussed prospects of mutually beneficial logistics and trade.Kazakhstan proposed all Central and South Asian countries, including Afghanistan, India and Pakistan, create the Council for the Development of Transport and Transit Corridors of Central and South Asia, an interstate advisory and coordinating body. It will serve as another measure to increase the region’s economic and transport potential, as it will connect Central Asia with all regions of Europe, Russia and Persian Gulf and South Asia countries.

The geolocation of the Central Asian states provides an excellent opportunity to serve as the main transit area to connect West and East.

“We have greatly simplified customs procedures” said Uzbek Deputy Prime Minister Elyor Ganiev.

Kazakhstan will soon complete numerous construction projects under Nurly Zhol state programme, including the Western Europe-Western China international transit road corridor which has already been commissioned. In addition, exports should be fostered by other international projects, such as the Baku-Tbilisi-Kars railway line. Kazakhstan has established a number of logistics centres such as the Aktau, Bautino and Kuryk seaports and Khorgos-Eastern Gate dry port:

Kazakhstan’s trade turnover with other regional countries increased 18.4 percent to $4.3 billion in 2018. More than half, or $2.5 billion, was with Uzbekistan, a 25.3-percent increase compared to the previous year.

Countries throughout the region plan to strengthen mutual trade by expanding the range of transported goods. The nations identified approximately 45 in-demand commodity items.

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