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Washington Hosts Trans Caspian Forum

Washington hosts Trans Caspian Forum

Source: Anaklia Development Corporation
Washington, United States (PortSEurope) July 3, 2017 – The second annual Trans-Caspian Forum – East-West Trade and Transit Corridor has taken place at The George Washington University, Elliott School of International Affairs, the City View Room, the U.S. Congress and the World Bank. The Trans-Caspian East-West Trade and Transit Corridor brings together the Central Asia, Caspian and Black Sea strategic regions to form a viable trade
and transit corridor between Europe and East & South-East Asia. Connecting trade, people and economies, the modern trans-Caspian corridor has extensive and integrated network of infrastructure, special economic zones, harmonized customs, cross-border procedures and more along this route. The Forum is a practical manifestation of joint willingness of the Trans-Caspian countries to make this corridor a viable option for East-West trade and transit shipments. Regional governments will introduce infrastructure, business, investment, trade and transit opportunities to business leaders, policy-makers and expert community across a variety of multinational industries. The Forum presents a suitable platform for public and private senior executives from regional countries and businesses. The Embassy of Georgia, together with Azerbaijan, Turkey, Kazakhstan, Afghanistan and Turkmen embassies, also with the participation of Eliot International Relations School of George Washington University held the second annual Trans-Caspian Forum – East-West Trade and Transit Corridor in Washington on June 26-27. The official partner of the forum was the United States Chamber of Commerce. Development of regional infrastructure projects such as C5 + 1 transport corridor (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and the United States), Baku-Tbilisi-Kars Railway and various projects are currently under development, with a total value of $50 billion (€43.80 million). The forum was aimed at offering large transit routes for large American companies operating in Asia and Europe and to familiarize them with the commercial potential in the region. Expansion of regional transport network along the trans-Caspian corridor gives new possibilities to trans-continental transport and innovative services. Afghanistan, Azerbaijan, Georgia, Kazakhstan, Turkey and Turkmenistan – this is about 150 million consumer markets and these countries are ready to receive tailored and integrated solutions that will facilitate effective transportation of cargo. Participants of the Forum talked about infrastructure, business investment, trade and transit opportunities of their countries in order to inform representatives of American business, political and expert circles, as well as representatives of various international companies. Source: Trans Caspian Forum Copyright (c) PortSEurope. All Rights Reserved. 2017.

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