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New transport corridors passing through Caspian Sea increased role of Medium corridor

23 September 2020 00:02 (UTC +04:00)

The new transport corridors passing through Caspian Sea have increased the role of the Medium corridor, said deputy general director of Baku International Sea Trade Port CJSC (Baku Port) Akbar Karimov speaking at the international webinar entitled as “The Eurasian link and the increasing role of the Medium corridor during the period of the COVID-19 pandemic”, APA-Economics reports.

According to him, these corridors along with ensuring link between the countries not having access to international waters, also have quite important role in obtaining by them of the access to the European markets.

"The cooperation between the corridors increases interregional trade. Currently, the Medium corridor is considered the safest and shortest way between Europe and Asia. At the same time, this corridor is indeed very important for such countries that don’t have access to oceanic waters as Azerbaijan, Turkmenistan, Uzbekistan and Afghanistan and thereby provides them with access to the global markets", A. Karimov noted.

The CJSC official added that during January-June of this year, the processing of cargoes at Baku port equaled to 2,5 mln. tons in total. This is 27% more than the relevant indicator of the last year.