Economy

Kazakhstan targets a 20 percent share on the Middle Corridor

Kazakhstan, which carries 10 percent of cargo shipped from China to Europe, aims to raise this share to 20 percent.

Kazakhstan targets a 20 percent share on the Middle Corridor

The future of the Trans-Caspian International East–West Middle Corridor was discussed in Ankara at a meeting attended by transport and logistics representatives.

Assel Zhanassova, Deputy Secretary General of the Presidential Administration of Kazakhstan, said Kazakhstan’s share of shipments from China to Europe is 10 percent and that the goal is to raise it to 20 percent. She stressed that risks in the Strait of Hormuz would directly increase cargo volumes on the Middle Corridor.

China, Kazakhstan, Azerbaijan and Georgia are working on a “green corridor” to speed up border crossings and on a joint tariff mechanism.

Source: Yeni Birlik Gazetesi