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Trans-Caspian International Transport Route Holds Meeting In Baku

Trans-Caspian International Transport Route holds meeting in Baku

Source: Port of Baku
Field sessions of the Working Group and the General Meeting of Trans-Caspian International Transport Route (TITR) were held in Baku September 23-24, 2021 Due to personnel changes that took place in 2021 in TITR member companies, by the decision of the General Meeting the composition of the Managing Board of the Association was changed. Chairman of the Management Board of JSC “NC” Kazakhstan Railways”, Nurlan
Sauranbayev was unanimously elected as the Chairman of the Managing Board of the Association. General Director and Chairman of the Board of JSC TCDD Taşımacılık A.Ş. Hasan Pezuk and the Acting Chairman of the management board of JSC “Ukrainian railways” Oleksandr Kamyshin were elected as members of the Managing Board of the Association. In addition, by the decision of the General Meeting, Abdikerimov Gaidar Serikalievich was appointed as the new General Secretary of the Association. During the work of the sessions, the report of the Association’s performance results for 2020, as well as information on the volumes of cargo transported along the TITR (Middle Corridor) for the first half of 2021 were presented to the participants of the General Meeting. In addition, the participants of the General Meeting made changes and additions to the Charter of the Association, updated the approved tariff rates for 2021, and also adjusted the volume (forecast) of cargo transportation along the TITR route for the current year. Taking into account the quarantine measures introduced everywhere, the Association’s marketing plan for 2021 was also updated. In the context of global digitalization and legal integration, as well as with the aim of entering the global market, the meeting participants were instructed to register the logo and name “Middle Corridor” with the International Bureau of the World Intellectual Property Organization. The General Meeting signed the Agreement on the organization of container service with the usage of feeder vessels between the ports of Aktau – Baku/Alyat and the Agreement on interaction and responsibility in providing the organization of cargo transportation as part of container trains along the route TITR. In addition, the participants of the General Meeting, in order to provide a one-stop-shop service on the TITR route, will consider the possibility of creating a Joint Venture – a single logistics operator on the TITR route until December 1, 2021. Within the framework of the meeting, the Turkish logistics company Pasifik Eurasia Lojistik Diş Ticaret A.Ş. was admitted to the Association as an associate member. The Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, combines the countries participating in the new Silk Road project and important players of the region. Its members are leading maritime and transport companies from Kazakhstan, Azerbaijan, Georgia, Ukraine, China and Turkey. The organisation aims to popularise the middle corridor, accelerate and simplify cargo transportation procedures between Asia and Europe, and make special preferential tariffs. Between East and West, in terms of cargo, the middle corridor helps to compete with the north-south routes. PortSEurope Note: TITR allows European companies to bypass Russia, which until now sanctions the transit of certain types of goods through the country. A number of Russian entities are under sanctions from the international community following Russia’s annexation of the Crimea in 2014. The importance of this route was underlined with the inclusion of Georgia and Azerbaijan in the European Union (EU) TEN-T network. Source: Trans-Caspian International Transport Route

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