The Coordination Council for Transit Freight Traffic (CCTFT) of Azerbaijan announced on November 2 to reduce the cost of multi-ton cargo vehicles for transit through the territory of the country in the direction of the sea ports of Kazakhstan and Turkmenistan by about 40%.
The Ministry of Economy and Industry announced that this was achieved by simplifying procedures and reducing transit fees for various service vehicles. There is only the fact of reduction of tariffs on ferry transport of CJSC Azerbaijan Caspian Shipping on the route Baku-Aktau by 20%. On the other details of the revision of the transit transport is not reported.
CCTFT invites participants in transit to its office in Baku in the business center Demirchi Tower.
In August this year the first train Nomad Express, which consists of 82 containers, proceeded from China to Europe via the Trans-Caspian international transport route. The shipping container train from China to the port of Alat took only 6 days.
JSC Azerbaijan Caspian Shipping Company in November held a presentation of the Trans-Caspian international transport routes in Chongqing (China), Kiev, Istanbul and Klaipeda (Lithuania). The possibility of using this route for freight transport in Europe was also discussed by the delegation of CJSC Azerbaijani Railways headed by Chairman Javid Gurbanov during his visit to Beijing in late November. ---08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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