Kazakhstan and the European Union discussed plans for the development of the Trans-Caspian International Transport Route (TITM, or Middle Corridor) as one of the most promising areas.
As Trend reports on Wednesday, the discussions took place during the 15th meeting of the Kazakhstan-European Union dialogue platform chaired by the Prime Minister of Kazakhstan Olzhas Bektenov and with the participation of the Ambassador of the EU Delegation to Kazakhstan Kestutis Jankauskas and the heads of diplomatic missions of the EU countries.
During the meeting, it was noted that about 85 percent of goods from China to EU countries are transported through Kazakhstan, which is a transit hub between Europe and Asia. TMTM provides the most competitive delivery time (12-15 days), ensuring maximum attractiveness for trade flows.
The meeting participants expressed interest in unlocking the broad potential of the Middle Corridor. A joint venture "Middle Corridor Multimodal" was created on the basis of the Astana International Financial Center. The significant role of the European initiative "Global Gateway", which opens up new prospects for investment in the transport industry, was also noted.
