Georgia, China Sign Key Transport Agreement To Boost Middle Corridor
Date
9/13/2024 5:25:32 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 13. Georgia and
China have signed a memorandum of understanding (MoU) on developing
transport corridors for the China-Europe rail express and the
Trans-Caspian International transport Route, also known as the
Middle Corridor, Trend reports.
The document was inked between Georgia's First Vice Prime
Minister and Minister of Economy and Sustainable Development Levan
Davitashvili and Deputy Chairman of China's National Development
and Reform Commission Zhao Chenxin.
According to Georgia's Economy Ministry, this agreement will
pave the way for stronger trade and economic relations with China,
attract new investments into Georgia, and enhance the export of
Georgian products to China.
"The signing of this document confirms China's interest in
actively using the Middle Corridor as an alternative route for
trade with Europe, thereby increasing Georgia's significance as a
regional hub," said Davitashvili.
The MoU outlines plans to deepen cooperation between Georgia and
China to ensure the efficient functioning of the Middle Corridor.
Both countries will work on attracting additional cargo, optimizing
routes, and developing infrastructure. The agreement also
emphasizes cooperation in customs, transport security, and
digitalization to boost the flow of goods between China and Europe
through this strategic route.
Before the signing, Davitashvili and Zhao discussed priority
areas of bilateral cooperation, highlighting the strategic
partnership between the two countries. Both parties praised the
potential impact of the memorandum on improving the competitiveness
of the Middle Corridor and attracting greater cargo volumes.
Transport and logistics projects, including the modernization of
the Baku-Tbilisi-Kars railway and the Anaklia deep-sea port
project, were also discussed. These initiatives are seen as crucial
to developing the Middle Corridor, which connects Europe and Asia.
The recent surge in cargo traffic along this route, with container
shipments increasing sixfold from January to July 2024, was noted
as a positive sign of the corridor's growing importance.
Both Georgia and China reiterated their commitment to enhancing
the competitiveness of the Middle Corridor and jointly developing
the necessary infrastructure to further solidify its role as a key
link in global trade.
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