live Saudi-led coalition intercepts 2 Houthi ballistic missiles
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles laun...
The President of Uzbekistan proposed developing a Global Agreement on Transit Guarantees for Landlocked Countries under the auspices of the United Nations. This initiative aims to ensure fair access to seaports and communication networks, reduce the risks associated with cargo transportation.
At the Third United Nations Conference on Landlocked Developing Countries (LLDC3), President Shavkat Mirziyoyev proposed several initiatives to address the common challenges faced by landlocked nations, including high transportation costs, limited access to global markets, and significant trade barriers.
Turkmenistan's national resort Awaza is hosting the LLDC3 conference under the theme “Driving Progress Through Partnerships”.
Uzbekistan is one of 32 landlocked developing countries worldwide, with access to maritime routes only by crossing the territories of multiple neighboring states.
"In our case, a number of challenges arise from the fact that the nearest seaports are located nearly three thousand kilometers away. These include high tariffs, limited capacity of transport corridors and infrastructure, and dependence on the customs and transit policies of other countries," President Mirziyoyev stated.
Referring to the World Bank, he added that the Central Asian region loses up to 2% of its gross domestic product (GDP) annually due to high transport costs and transit instability. Logistics costs account for up to 60% of the total cost of goods, which is several times higher than the global average.
In this regard, he emphasized that developing new, reliable transit corridors and logistics infrastructure is crucial for establishing a unified transport and logistics space in Central Asia. Today, comprehensive programs and projects are being implemented to transform Central Asia into a fully-fledged transit hub between East and West, North and South.
Uzbek leader emphasized that the development of international transport corridors and infrastructure requires coordinated and collective efforts.
Highlighting the Middle Corridor as one of the most promising transport routes, he noted that its effective utilization depends primarily on a harmonized transit policy, unified regulations, and fair container transport tariffs.
"We advocate accelerating the preparation and implementation of the Uzbekistan–Afghanistan–Pakistan railway construction project. Converging this promising corridor with the China-Kyrgyzstan-Uzbekistan railway line, which is now under construction, will open up opportunities to form a new trade and economic space, as well as sustainable transport infrastructure, in our vast region" President Shavkat Mirziyoyev stated.
The implementation of these major infrastructure projects is driving a growing demand for flexible investment instruments.
The Central Asian countries’ need for investment in transport infrastructure is estimated at nearly $40 billion per year.
In this regard, President Mirziyoyev proposed the establishment of a United Nations-backed Fund for the Promotion of Logistical Integration of Landlocked Countries, aimed at attracting resources from donor nations, international development institutions, and global programs.
To develop concrete proposals for addressing shared challenges, he urged leading experts and think tanks from landlocked countries for active engagement, with a focus on deeper integration of the countries into global production chains, the rapid advancement of artificial intelligence and digital technologies, the expansion of cross-border investment, and support for start-ups.
Uzbekistan also expressed committment to joining the International Analytical Centre for Landlocked Countries
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Energy security dominated the opening day of the 25th WPC Energy Congress in Riyadh, as Saudi Arabia warned of a serious response to recent attacks and industry leaders confronted growing threats to global oil and gas supplies.
Iran has offered to help ease escalating tensions between Saudi Arabia and Yemen's Houthis, warning that further conflict would benefit only Israel. The offer followed a phone call between the Iranian and Saudi foreign ministers.
A delegation of around 40 international travellers from 13 countries has concluded a three-day tour of Azerbaijan’s Garabagh and East Zangezur regions, exploring historic landmarks, reconstruction projects and an active mine clearance site.
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment