80% Of All Chinese Exports To Europe Transit Via Kazakhstan
The Trans-Caspian International Transport Route volumes have doubled in 12 months
Kazakhstan’s First Deputy Prime Minister, Roman Sklyar has been stressing the potential of the Trans-Caspian International Transport Route (TITR) in relation to China’s trade with Europe, saying “In the context of the current geopolitical situation, creation of new transport and logistics routes to diversify and ensure reliable mutual chains of supply and production gains key strategic importance. As of today, over 80% of the goods made in China and Central Asia are transported through Kazakhstan. Given this background, the Trans-Caspian International Transport Route plays an increasingly important role on the continental trade map.”
He pointed out the positive dynamics in the volumes of cargo on the route. “Last year, the shipment of goods doubled to amount around 1.7 million tons; the flow of goods rose 64% in five months of this year. This year, we’re interested to bring the flow of goods along the route to 10 million tons in the mid-term. In its turn, Kazakhstan is ready to provide port facilities to meet the growing needs of German and European partners.”
He went on to add that work is ongoing to establish international logistics terminals and develop digital intellectual transport systems. In this context, German ports could play a key role in development of multimodal traffic in the direction of Germany.
Meanwhile, Kazakhstan and Türkiye seek to raise shipments via the Trans-Caspian International Transport Route, Kazakhstan’s Foreign Minister Murat Nurtleu said on Monday (September 11).
“As we know, the geopolitical and geoeconomic situation in the world is difficult. In this regard, we drew attention to further expansion of opportunities in the transport and transit sphere. In particular, we agreed that it’s necessary to increase shipments by fully utilizing the Trans-Caspian International Transport Route’s capacity.”
Moreover, the minister said that the possibility of using the Kazakhstan-Turkmenistan-Iran-Türkiye railroad by the Turkish side was stressed to diversify transit routes.
Earlier it was reported that Türkiye is the fourth major trade partner of Kazakhstan, the country’s Foreign Minister Murat Nurtleu told following the meeting with his Turkish counterpart Hakan Fidan in Astana. Last year, the trade turnover between the countries reached US$6.3 billion, and US$3.6 billion in the first seven months of 2023.
Source: Kazinform
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