Turkey Ratifies Lapis Lazuli Route Transport and Transit Agreement

BUSINESS TURKMENISTAN
Turkey Ratifies Lapis Lazuli Route Transport and Transit Agreement
The Lapis Lazuli Route Transport and Transit Agreement was signed on November 15, 2017 in Ashgabat, Turkmenistan.

Turkey ratified the Lapis Lazuli Route Transport and Transit Agreement signed on November 15, 2017 in Ashgabat, Turkmenistan, according to Turkey’s Resmi Gazete newspaper’s April 14 issue.

The ratified law comes into force on the date of its publication.

Turkmenistan, Afghanistan, Azerbaijan, Georgia and Turkey are parties to the Lapis Lazuli Route Transport and Transit Agreement.

The Lapis Lazuli Corridor, worth an estimated $2 billion, unites land, railway and naval routes passing from Afghanistan to Europe, via Turkmenistan, the Caspian Sea and the South Caucasus.