Kazakhstan and Finland Strengthen Trade and Transport Ties at Commission Meeting
The 13th meeting of the Kazakh-Finnish Intergovernmental Commission on Trade and Economic Cooperation took place in Astana on April 11. The discussions primarily focused on prospects for collaboration in the areas of transport and trade. This information was reported by the press service of the Kazakh Ministry of Ecology and Natural Resources.
“Kazakhstan is the main link in the Middle Corridor and has already shown potential as an alternative to East-West routes. This is evident in the 86% growth in cargo transhipment through the seaports of Aktau and Kuryk, which almost doubled to 2.8 million tons,” said the vice minister, as quoted by Kazinform news agency.
“TITR (Trans-Caspian International Transport Route) is a green corridor. Today, a reduction of cargo transit time from 23 to 14-18 days has been achieved, with Kazakhstan’s [transit time] reducing to five days. According to the results of 2023, there is an increase in the volume of cargo transportation through TITR by 65%,” he added.
In 2023, rail transport saw a 25% increase compared to 2022, moving a total of 4.3 million tons, while road transport rose by 14% compared to the previous year’s figures.(Source:astanatimes)
“For the purpose of container cargo transportation development on a route, China-Finland-China KTZ Express signed the memorandum of cooperation with the Finnish logistic operator Nurminen Logistics Services Oy,” said Kaliakparov.
The document is supposed to develop cargo transportation and start joint container services from China to Finland and on TITR through the territory of Kazakhstan, he added.
