(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 4. During the second
meeting of Central Asia - EU summit, President of Kazakhstan
Kassym-Jomart Tokayev emphasized the need to develop regional
transport and logistics infrastructure, trend reports.
"We invite European partners to actively participate in the
development of Caspian Sea ports, digitalization of their
operations, as well as joint production of transport vessels and
the establishment of logistics warehouses. The development of
reverse transit of goods along the Trans-Caspian International
Transport Route presents additional opportunities for European
exporters," he said.
President Tokayev added that Central Asia serves as a“bridge”
for over 80 percent of land transit shipments along the
"China-Europe" route. At the current stage, the TITR has acquired
strategic importance. It has the potential to significantly enhance
interaction between Europe and Central Asian countries.
Preliminary assessments indicate that the overall infrastructure
investment requirements for substantial improvement of the TITR are
estimated at 18.5 billion euros.
MENAFN04062023000187011040ID1106382572
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.