Fire at airport cargo complex disrupts Bangladesh’s garment exports
A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, wit...
Freight traffic on the vital Middle Corridor trade route has nearly tripled through Georgia in the first half of the year, officials have confirmed, highlighting the growing strategic importance of the South Caucasus as a key artery for commerce between Asia and Europe.
The Trans-Caspian International Transport Route, widely known as the Middle Corridor, was established in 2014 to create a trade path from China to Europe that bypasses Russia. The route traverses Kazakhstan, the Caspian Sea, Azerbaijan, and Georgia, making the South Caucasus an indispensable transit hub.
The complex geopolitical implications of the corridor were the focus of a recent segment on A-Newz's program Context, hosted by Nadia Gyane. Speaking on the show, Baku-based political analyst Orkhan Nabiyev emphasized the corridor's transformative potential.
"The Caucasus has gained a big role as an interconnector between regions and continents," Nabiyev said. "It has become an intercontinental node for Eurasia."
A key element in expanding this network is the proposed Zangezur Corridor, a transport link that would connect mainland Azerbaijan with its Nakhchivan exclave through Armenian territory. However, the project has been stalled by political disagreements. Azerbaijani President Ilham Aliyev has insisted on unilateral access, stating he would not accept reciprocal arrangements for Armenia—a position that Yerevan has resisted.
Nabiyev clarified Azerbaijan's stance for the Context audience. "The primary demand is for Azerbaijanis to have unimpeded access to another part of Azerbaijan, the Nakhchivan exclave, without barriers," he explained. "For international trade, of course, there are established rules, and Armenia will get its benefits."
The analyst stressed that for Armenia, participation offers a significant opportunity to break decades of economic isolation. "It’s a way of making their economy more sustainable," Nabiyev noted, adding that it would allow Armenia to "become a key part of this East-West and North-South trade node."
Adding another layer of complexity is Iran, which has conducted military drills near the border and has voiced opposition to the corridor. Nabiyev argued that Tehran’s position is driven by self-interest, as a successful Zangezur Corridor would diminish Iran’s own importance as a transit route.
"If the Zangezur corridor opens, Iran risks becoming an outsider to this key international trade route," he told Gyane. "Their position isn't against Armenia's interests; it's against Iran's own interests."
As regional powers like Russia and Iran see their influence shift, the path is clearing for South Caucasus nations to forge their own economic destiny. With trade volumes already on a sharp incline, the pressure is mounting on Armenia to decide whether to join the project or risk being left behind.
For the nations involved, the stakes are high, but the potential rewards are even higher. As Nabiyev concluded, the corridor has become an "essential need" for global commerce. "It will boost all regional economies," he said. "Because making trade is always better than making war."
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Israel launched air strikes and artillery fire on Gaza on Sunday, in what officials called a response to militant attacks, as the U.S.-mediated ceasefire came under renewed strain.
Israeli Prime Minister Benjamin Netanyahu said the Rafah border crossing between Gaza and Egypt will remain closed until Hamas returns the bodies of deceased hostages, as both sides traded blame over alleged ceasefire violations.
On Friday, a delegation from the Turkish National Defence Ministry paid an official visit to Damascus, the capital of Syria.
Africa’s trade corridors are opening up major opportunities for investors, serving as strategic routes that unite investment, human resources, expertise, and digital transformation across the continent.
A new multimodal transport corridor linking China, Kyrgyzstan, Uzbekistan and Turkmenistan has officially opened, marking the completion of the long-planned China–Kyrgyzstan–Uzbekistan railway project, which began construction on 27 December 2024.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment