Anaklia's big dig: Second dredger arrives as Georgia's deep-water port takes shape
There's a fresh buzz around the Anaklia Deep-Water Port site this week, with the arrival of a second dredging vessel called the Al-Idrisi, whic...
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
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
The Council of the European Union has agreed to suspend import duties on a range of Armenian products for two years to support the country’s economy, after Russia imposed trade restrictions.
There's a fresh buzz around the Anaklia Deep-Water Port site this week, with the arrival of a second dredging vessel called the Al-Idrisi, which has now entered the waters off the future port to join its sister vessel, the Tristao Da Cunha.
A search-and-rescue operation is under way in the Sea of Marmara after two Turkish-flagged commercial vessels collided off Istanbul early on Wednesday, after one ship sank with 10 crew members aboard.
Russian President Vladimir Putin pressed Armenian Prime Minister Nikol Pashinyan to clarify whether Yerevan intends to join the European Union (EU) during a meeting on the sidelines of the SCO summit in Bishkek on Tuesday.
Pakistan has taken over the chairmanship of the Shanghai Cooperation Organisation, with Prime Minister Shehbaz Sharif putting connectivity, artificial intelligence and regional security at the centre of Islamabad’s agenda for the bloc.
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