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Development of the Trans-Caspian International Transport Route

14.10.2015 | E-Bulletin | Transport | 567 Lidiya Parkhomchik

Nowadays, maritime routes dominate over the intercontinental freight traffic between Asia and Europe. However, due to the fact that the volume of foreign trade between major markets in Eurasia is expected to increase by 1.5 times, from $800 billion in 2014 to $1.2 trillion by 2020, the Eurasian countries located away from the main maritime transport routes became strongly interested in launching the inland transit corridors, especially between China and the European Union (EU).

Tags: Caspian, Transport Route, Economy

Author

  • Senior Research fellow

    Lidiya Parkhomchik

    Lydiya Parkhomchik (nee Timofeyenko) was born on February 9, 1984 in Zelenodolsk city, located at the territory of the Republic of Tatarstan (Russia). Since 1986 she became resident of the Republic of Kazakhstan.