Azerbaijan's Export Logistics Subsidies Aim To Optimize Middle Corridor Efficiency - AZPROMO

2025-04-11 09:07:13

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 11. The Azerbaijan Export and Investment Promotion Agency (AZPROMO) plans to introduce a logistics subsidy for exports, which will further enhance the potential of the Middle Corridor, said AZPROMO Executive Director, Yusif Abdullayev, Trend reports.

Speaking at the Azerbaijan-Moldova business forum, Abdullayev expressed optimism that despite certain logistical challenges, export and import operations between the two countries would continue to grow.

"We will implement a new mechanism-logistics subsidies for exports. I believe this will become a strong platform and an effective tool for increasing mutual trade turnover," said Abdullayev.

The official noted that the Middle Corridor is a crucial transport route connecting Europe and Asia, holding strategic importance for Azerbaijan in the global economic system.

"The opening of the Baku-Tbilisi-Kars railway was a significant milestone in this corridor, strengthening connectivity between the East and West. In May 2024, the annual capacity of this corridor was increased to 5 million tons," he added.

Abdullayev further emphasized that the planned logistics subsidies, set to be implemented by the end of this year, would create new opportunities for export growth.

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