Azerbaijan, China Negotiate Cargo Transportation Via Middle Corridor
Date
7/16/2024 6:09:08 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 16. The management of
Baku International Sea Trade port (BISTP) and a delegation of
China's railroad discussed in Baku the prospects of development in
the transport and logistics spheres of Azerbaijan and China,
Trend reports via BISTP.
"The Chinese delegation visiting Baku sees opportunities for the
growth of cargo transportation through Azerbaijan, including the
Middle Corridor, and it was important for it to get acquainted with
the technical equipment of BISCP and the work of its terminals,"
the information notes.
The meeting discussed strategic initiatives to strengthen
bilateral cooperation and multilateral cooperation.
To note, BISTP is an important link in the Middle Corridor,
which has been operating for 10 years.
Over the past three years, cargo traffic has been growing from
China along the Middle Corridor through the Caspian Sea and onward
to Europe.
A total of 2.7 million tons of cargo passed through this route
in 2023 (86 percent growth by 2022), and in 2024 the figure may
exceed 4.2 million tons.
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