09.03.22
Kazakhstan and Azerbaijan are discussing a project to create a joint venture for the development of the Trans-Caspian International Transport Route. This became known at the meeting of the Kazakh delegation headed by the Chairman of the Board of JSC "Samruk-Kazyna" Almasadam Satkaliev with the Government of the Republic of Azerbaijan in Baku, reports the correspondent of the business information center Kapital.kz with reference to the company's press service.
The new joint venture will solve the issues of tariff setting and cargo declaration, apply unified IT solutions and consolidate transit cargo on this route.
During the conversation, representatives of the Kazakh delegation noted the relevance of reorientation of export cargo flows from Kazakhstan to Europe via the Trans-Caspian route. The sides outlined a significant potential for cooperation in the field of oil transportation through Azerbaijan, which can become an alternative to existing routes.
The Kazakh delegation also met with the Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev.
"Unification of transport tariffs along the corridor, the synchronization of customs procedures to increase the volume of cargo transportation along international transport corridors passing through the countries was discussed during the meetings. It was noted that the events taking place in the region and the geopolitical situation have created a new reality. There is already a risk that demand will exceed supply, and these factors will eventually affect the end user. So, both the cost of delivery and the waiting period will increase. This reality dictates the consideration of a new framework of cooperation and the establishment of transit and transport links," the press service reported.
It was stressed at the meeting that the geographical features of Azerbaijan and Kazakhstan - their location between the largest economic centers of Europe and Asia - created real prerequisites for ensuring an efficient and well-established transport network between the countries. An additional impetus for the development of the route was the completion of the construction of the Baku-Tbilisi-Kars railway line. This made it possible to reduce the delivery time from China to Turkey via Kazakhstan to 12 days.
Following the meeting, a protocol was signed on the establishment of a joint venture and the implementation of transport and logistics activities between JSC "Samruk-Kazyna" and the Ministry of Digital Development and Transport of the Republic of Azerbaijan.
