The development and prospects of the Trans-Caspian international transport route (TMTM), which is an integral part of the transport corridor East-West, were discussed in China at the meeting of the Azerbaijan Railways’ head Javid Gurbanov with the head of the Shanghai branch of DHL Allen Chen.
The German company representatives expressed their interest in the implementation of transportation between Asia and Europe, using the corridor passing through Azerbaijan. It was noted that after the commissioning of the Baku-Tbilisi-Kars railway, the volume of cargo transportation along the corridor will increase and at the same time reduce the time of delivery of goods between Asia and Europe.
To date, DHL has sent five container trains through the territory of Azerbaijan.
The Azerbaijan Railways’ head visited the cargo terminal of the company DP DHL Global Forwarding in Shanghai. --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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