TODAY.AZ / Politics

Central Asia: Emerging as gobal transport and logistics hub

08 August 2024 [16:14] - TODAY.AZ

In a recent article titled "Renaissance of Central Asia: On the Way to Sustainable Development and Prosperity," Kazakhstan's President Kassym-Jomart Tokayev outlined the region’s potential to become a central node in global transport and logistics. His vision highlights Central Asia's strategic role in transforming international trade routes and economic connectivity.

Tokayev's article underscores that Central Asia is well-positioned to become one of the planet’s foremost transport and logistics hubs. The region's pivotal role is being enhanced through major international projects, particularly China's "One Belt, One Road" initiative and the "North-South" international transport corridor. These projects aim to integrate Central Asia into global supply chains by improving connectivity between Asia and Europe.

A critical component of Central Asia's transportation strategy is the development of the Trans-Caspian International Transport Route (Middle Corridor). Kazakhstan is spearheading this initiative, aiming to increase its transportation volume fivefold in the near term. The corridor, which links China with Europe via Kazakhstan, the South Caucasus, and Turkey, represents a vital trade route that could significantly enhance regional economic dynamics.

Kazakhstan’s investments in maritime infrastructure at the Aktau and Kurik ports are also noteworthy. These ports are becoming key transit points for cargo traveling from China and Central Asia to Europe. By facilitating smoother trade routes through the South Caucasus and Turkey, these ports help streamline the flow of goods to European markets.

Azerbaijan plays a crucial role in this regional transport network. The country’s location and infrastructure are integral to the success of the Middle Corridor. Azerbaijan’s ports, such as Baku, serve as essential transit points connecting Central Asia with Europe. The development of transport corridors through Azerbaijan enhances the efficiency of the entire route, making it a critical player in the regional logistics landscape.

Additionally, Azerbaijan's strategic position supports the broader aim of integrating Afghanistan into these transport networks, potentially opening new markets in South Asia and the Indian Ocean. This expanded connectivity aligns with regional interests and reinforces Azerbaijan’s role as a key transit hub in global trade.

The transformation of Central Asia into a major global transport and logistics hub carries significant economic benefits. Enhanced infrastructure and transport connectivity are expected to attract substantial international investment, foster economic growth, and integrate the region more deeply into global trade networks. For Azerbaijan, the development of these transport routes presents opportunities for economic expansion and increased regional influence.

As Central Asia continues to advance its transport and logistics capabilities, the region's strategic importance on the global stage will only grow. By capitalizing on its geographic advantages and investing in infrastructure, Central Asia, along with Azerbaijan, is set to become a pivotal player in international trade and economic development.

URL: http://www.today.az/news/politics/251527.html

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