ASTANA, Kazakhstan, November 21. Kazakhstan and
Hungary have explored alternatives to boost one of the
strategic commerce corridors – the Trans-Caspian Worldwide
Transport Route, mentioned President Kassym-Jomart Tokayev at a joint
press convention with Hungarian Prime Minister Viktor Orbán in
Budapest, Pattern
studies.
“New alternatives are opening up for the event of
infrastructure, logistics, and worldwide commerce. Kazakhstan
handles 85% of overland transit shipments between Asia and Europe,
and within the close to future, shipments alongside this route are anticipated to
attain 10 million tons,” Tokayev said.
He additionally revealed that in his go to to Hungary, a memorandum
of cooperation was signed between KTZ Categorical (Kazakhstan), L.A.C.
Holding (Hungary), and Xi’an Free Commerce Port Development and
Operation (China).
“This settlement will strengthen commerce and transport connections
between our international locations and represents one other step ahead in
deepening financial ties throughout the area,” the president
added.
The Trans-Caspian Worldwide Transport Route, or the
so-called Center Hall, is a commerce and transportation route
linking Asia and Europe, passing via quite a lot of regional
international locations as an alternative choice to the normal Northern and
Southern Corridors.
Starting in China, the route crosses Central Asian international locations
like Kazakhstan, Uzbekistan, and Turkmenistan, then traverses the
Caspian Sea, Azerbaijan, Georgia, and Türkiye earlier than reaching
Europe. Providing a direct land route, the Center Hall connects
East Asia, together with China, to Europe, offering a sooner
various to longer maritime paths.
