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Baku Int’l Sea Trade Port to increase transit capacity of region’s countries – FM

Friday, 28 September 2018 | 16:00

Azerbaijan is keen to further leverage its transit and logistics potential by transforming the transportation system and services into one of the key comparative advantages of its economy, Azerbaijan’s Foreign Minister Elmar Mammadyarov said.

He was speaking in New York at the Informal Meeting of Council of Ministers of the ECO (Economic Cooperation Organization) Member States, Azerbaijan’s Foreign Ministry said in a message Sept. 25.

“Azerbaijan is working to diversify and modernize its transport infrastructure, which will serve the interconnection of the Trans-European and Trans-Asian railway networks,” he said. “Besides, the construction of the New International Sea Trade Port and its International Logistic Centre, as well as the adoption of the Law on Free Economic Zone in Alyat, which is a point of convergence of all transport routes in our country, will significantly increase the competitiveness of international trade corridors and transit capacity of the countries of the region.”

He noted that Azerbaijan has been contributing to enhancing ECO region’s transit potential through promoting East-West, North-South and South-West trade corridors.

“We do believe that one of the priorities of the ECO agenda should be taking actions on the interconnection of ECO rail networks and the development of unified railway infrastructure of the region,” Mammadyarov added. “We do believe that an early completion of Qazvin-Rash-Astara (Iran) – Astara (Azerbaijan) project which is a missing and important link of North-South Transport Corridor, will give new impetus to economic growth, expand transport opportunities for involved countries as well as the whole region.”
Source: Trend

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