Russia's FESCO Turan Paving New Logistics Roads Between Uzbekistan And Asia (Exclusive)
Date
1/27/2025 12:07:04 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 27. FESCO Turan, a
subsidiary of the Russian FESCO transport group, is hard at work
increasing the number of logistical routes that connect Uzbekistan
to key Asian nations, the company told Trend .
A key component of FESCO Turan's strategy is the organization of
regular road transport and multimodal routes, which aim to provide
effective and rapid transportation options throughout several Asian
nations.
Shipping commodities to Uzbekistan from Europe and China is one of
the most extraordinary routes. Twenty such shipments are planned by
the corporation monthly. Particular focus is being placed on
enhancing transportation procedures along routes that traverse
Pakistan. Utilizing the Pakistani port of Karachi, FESCO Turan has
established intermodal connections that link Uzbekistan to
Southeast Asia.
Additionally, the company is optimizing delivery times by
offering direct railway routes between China and Uzbekistan through
the Altynkol and Khorgos border crossings, located on the
Kazakhstan-China border. The company offers intermodal transport,
which involves shipping goods to Chinese ports before delivering
them to other countries in the region.
Moreover, FESCO Turan has also successfully shipped mineral
fertilizers from Uzbekistan to South Korea and the Philippines,
passing through Chinese territory, over the past two months. These
operations contribute to strengthening trade ties between Central,
Eastern, and Southeast Asia, significantly increasing the volume
and speed of shipments.
As mentioned, Uzbekistan plans to introduce a zero percent
value-added tax (VAT) rate on certain services related to
international freight transportation.
This proposed measure will include transportation and freight
forwarding services, as well as other tasks allowed by relevant
agreements. These may include receiving and delivering cargo,
storing and handling it, organizing cargo insurance, clearing
customs for goods and vehicles, keeping track of cargo in case of
delivery delays, warehousing, and renting wagons and
containers.
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