Azerbaijan, Georgia agree on cargo transportation single tariff Investment

By Maksim Tsurkov – Trend:

Azerbaijan intends to set single tariff for cargo transportation with the countries through which the Trans-Caspian transport corridor runs, Azerbaijan’s Deputy Economy Minister Sahil Babayev told reporters March 9.

He noted that the country has already reached a preliminary agreement with Georgia on the issue.

The single tariff negotiations are also underway with Kazakhstan, Turkmenistan and Turkey, said Babayev, adding that if these plans are fulfilled, the Trans-Caspian transport corridor’s competitiveness will rise significantly.

The Trans-Caspian International Transport Route runs through China, Kazakhstan, Azerbaijan, Georgia, Turkey and goes to Europe. The first test container train arrived at Baku International Sea Trade Port via this route from China in early August 2015.

Azerbaijan, Kazakhstan, Georgia and Ukraine signed a protocol Jan. 14 to set competitive preferential tariffs for cargo transportation on the Trans-Caspian International Transport Route.

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