Turkmenistan to Lower Transit Costs For Uzbek Goods

BUSINESS TURKMENISTAN
Turkmenistan to Lower Transit Costs For Uzbek Goods
Uzbekistan reached an agreement to reduce transportation costs by 50% with the ports of Turkmenbashi and Baku.

Uzbekistan has agreed with Turkmenistan, Georgia and Azerbaijan to provide discounts for the transit of goods, Podrobno.uz news website reported on Thursday, citing Aziz Voitov, First Deputy Minister of Investments and Foreign Trade.

“Recently, we were able to reach an agreement with partner countries, in particular, Azerbaijan and Georgia. Now from the ports of these countries the delivery of goods is 30% cheaper. In addition, we were able to agree and reduce costs in the Caspian Sea," Aziz Voitov said.

"There is also an agreement to reduce transportation costs by 50% with the ports of Turkmenbashi and Baku," Voitov added.

Last week Tashkent hosted a two-day meeting of the managements of the railways of six countries – Uzbekistan, Azerbaijan, Georgia, Kyrgyzstan, Turkmenistan and Turkey. The meeting participants discuss matters of the development of the international multimodal route Asia-Pacific countries - China - Kyrgyzstan - Uzbekistan - Turkmenistan - Azerbaijan - Georgia - Turkey – Europe.

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