Türkiye’s trade minister says talks in U.S. boost path toward $100B trade target
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral tr...
Uzbekistan, Kazakhstan, Türkiye, Iran, China, and Turkmenistan have reached a key agreement on unified rail transport tariffs, marking a strategic step toward enhancing cargo flows along the China–Europe corridor through Central Asia and the Middle East.
A high-level meeting was held in Tehran bringing together representatives of railway administrations from Uzbekistan, Kazakhstan, Türkiye, Iran, China, and Turkmenistan. The meeting focused on the multilateral discussions aimed at strengthening the transport link from China to Europe via Central Asia and the Middle East.
The talks focused on the development of the China-Kazakhstan-Uzbekistan-Turkmenistan-Iran-Türkiye/Europe rail corridor. One of the key outcomes of the meeting was the approval of competitive and harmonized tariffs for rail cargo transportation along this route.
Delegates also agreed on coordinated measures to increase freight volumes and improve service efficiency. In addition to tariff alignment, the parties reached consensus on critical logistical parameters, including unified delivery times and streamlined procedures.
This initiative is expected to bolster the appeal of the corridor as a cost-effective and reliable alternative for east–west trade, enhancing connectivity between Asia and Europe while supporting regional economic integration.
According to the Kazakh side, container traffic from China to Iran through Kazakhstan increased 2.6 times in the first four months of 2025 compared to the same period last year - highlighting the growing relevance of this corridor for Eurasian trade.
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Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms could be addressed at a later stage.
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