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Astana, Kazakhstan • 26 June 2023

Kazakhstan and Azerbaijan to Jointly Develop Trans-Caspian Route

The parties intend to shorten the transit time for cargo along the route to 18 days this year

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Port of Baku
Port of Baku

On June 22, Kazakhstan and Azerbaijan signed ten agreements outlining key areas of cooperation in transport and logistics, digitalization, sports, tourism and culture, QazMonitor reports citing the press service of the prime minister.

One of the most important agreements signed during Prime Minister Alikhan Smailov's official visit to Baku is the creation of a joint logistics company aimed at developing the Trans-Caspian International Transport Route (TITR). The industry minister Marat Karabayev said that, in addition to Kazakhstan and Azerbaijan, Georgia is expected to join the agreement in the near future.

"The company will unify tariffs and handle all cargo passing through the TITR. Its main task will be to simplify cargo transportation between China and Europe. Previously, delivery time took 53 days, but today it has been reduced to 18-23 days. The company's activities will guarantee delivery within 18 days this year, and eventually within 10-15 days," said the minister.

He added that the parties intend to involve major international investors to digitize the transport corridor and streamline the flow of cargo passing through it.

primeminister.kz
primeminister.kz

The following documents were signed during the official visit:

  • Agreement on the principles of establishment and operation of a joint venture between the national railway companies Kazakhstan Temir Zholy and Azerbaijan Railways.

  • Memorandum of Strategic Cooperation on the transit of Kazakh oil through the territory of Azerbaijan between the national companies KazMunayGas and SOCAR.

  • Memorandum of Understanding between the ministry of culture and sport of Kazakhstan and the state tourism agency of Azerbaijan on cooperation in the field of tourism.

  • Memorandum of Understanding between the ministry of culture and sport of Kazakhstan and the ministry of youth and sports of Azerbaijan on cooperation in the field of sports.

  • Memorandum of Understanding between the ministry of culture and sport of Kazakhstan and the ministry of culture of Azerbaijan on cooperation in the field of culture.

  • Action plan on the implementation of the agreement between the ministry of labor and social protection of population of Kazakhstan and the ministry of labor and social protection of population of Azerbaijan for 2023-2024 period.

  • Protocol of meeting between the ministry of industry and infrastructural development of Kazakhstan and the ministry of digital development and transport of Azerbaijan.

  • Memorandum of Cooperation on the transport cooperation and digitalization of the TITR between the ministry of industry and infrastructural development Kazakhstan and the ministry of digital development and transport of Azerbaijan.

  • Memorandum of Cooperation in the supply of ships and railway locomotives between the ministry of industry and infrastructural development Kazakhstan and the ministry of economy of Azerbaijan.

  • Agreement on the creation of a joint venture to lay a fiber-optic communication line along the Caspian Sea bed between the national telecommunication companies Kazakhtelecom and AzerTelecom.

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