Georgia, Azerbaijan, Kazakhstan enhance transport ties
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Georgia will play an important transit role connecting China, Turkey and Europe via the Trans-Caspian international transport route, which runs through China, Kazakhstan, Azerbaijan, Georgia and then through Turkey and Ukraine to Europe.
This month national railway companies from Georgia, Azerbaijan and Kazakhstan signed a memorandum to establish the Trans-Caspian International Transport Route (TITR) Association, Kazakhstan Railways reported on October 10.
The TITR Association aimed to attract transit and foreign trade cargo to the route and to develop an effective tariff policy. Furthermore the TITR Association would facilitate the reduction of administrative barriers linked with border and customs procedures and processing of cargo and containers in the ports.
The railway authorities of the three countries signed the agreement to create the Trans-Caspian International Transportation Consortium this April in Azerbaijan.
Approximately 300,000-400,000 containers were expected to be transported via the TITR by 2020, bringing financial profits to all the countries on the transport route.
The route was also believed to be the cheapest and most profitable corridor for freight traffic thanks to new competitive tariffs that were introduced for the TITR in June 2016.
The first ever professionally completed map of the historic railway line linking Georgia with Azerbaijan and Turkey has been published to celebrate the anniversary of the birth of the Georgian national railway.
Georgia and Armenia are jointly looking at ways to better harmonise the international transit corridor through Georgia – the E60 Highway – to ensure swift, efficient transporting of goods via European standard rods.
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Georgia is celebrating the 20th anniversary of the Baku-Supsa project with Azerbaijan – the "project of the century” that transfers oil from Azerbaijan through Georgia to Turkey and on to Europe.
A container warehouse is being built near the Black Sea, in Georgia’s western Adjara region, to support the country’s economy and improve its function as a transit nation.
Georgia and Azerbaijan have taken a major step forward to enhance bilateral trade relations.
Georgia and Azerbaijan’s Defence Ministries have signed a cooperation plan for 2017. The deal was signed yesterday during Georgian Defence Minister’s first official visit to Baku.
Georgia, Kazakhstan, Ukraine and Azerbaijan are joining forces to increase freight turnover, ensure uninterrupted traffic, transit of goods between member countries of the Trans-Caspian International Transport Route (TMTM).
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Georgia, Azerbaijan and Iran are teaming up to launch a new international corridor South-West Transport Corridor for transportation of transit freight.
Georgia’s debt to Kazakhstan has decreased by about $3 million thanks to a new deal between the countries that changed outstanding debt terms.
President of Georgia Giorgi Mrgvelashvili is paying an official visit to Kazakhstan. He met with President Nursultan Nazarbayev and discussed the prospects of further strengthening trade-economic cooperation.
A Georgian consulate has been opened in Kazakhstan, accompanied by a Georgia-Kazakhstan business forum.
Trade and economic relations between Georgia and Kazakhstan have been discussed as Georgian Prime Minister Giorgi Kvirikashvili received Kazakh Minister of Investment and Development Zhenis Kassymbek in Tbilisi today.
Policy and business leaders from the US and the Trans-Caspian corridor countries, including Georgia, will come together at Third Trans-Caspian Forum on May 17-18, 2018 to discuss opportunities and challenges in enhancing their strategic engagement and explore business, trade and investment opportunities to the benefit of all concerned.
Georgia and Kazakhstan are taking another step to develop the so-called “middle corridor” at the 10th Session of the Intergovernmental Commission on Economic Cooperation between Georgia and Kazakhstan.
Georgian and Kazakh Prime Ministers met in Nursultan earlier today, and agreed to strengthen transport ties and increase the number of flights between the two countries to benefit tourism. Both PMs stated that Georgia is able play a role of an important transport corridor.