Central Asia countries are developing the transit-logistic potential in the region
Central Asia countries are systematically developing the transit-logistic potential in the region. There are great prospects of the established trade corridors with China. The first freight train travelled from Uzbekistan to the international logistics center in Qingdao. The train loaded with yarn left Tashkent, crossed the border through the Alashankou land port and arrived on the coast of the Yellow Sea in just 15 days. Experts say that reducing the time of transportation will positively affect the development of trade. The cost of transporting products will become cheaper.
YAN YUNGAN, DIRECTOR, INTERNATIONAL LOGISTICS COMPANY:
- This speed is impressive. The transportation time was halved. The economic costs haven’t increased.
Five international trains and express trains from the container terminal in Qingdao will travel to Central Asia, Europe, South Korea, and Mongolia as well as to member countries of the Association of Southeast Asian Nations. The logistics park is actively developing cooperation with the countries of the Shanghai Cooperation Organization. In September, the first return route from Russia will be opened.
WEI SUELYN, DEPUTY CEO, SPOKESPERSON, CHINESE RAILWAY CORPORATION:
- This is not only a logistics channel, but also a trade corridor between China and the SCO countries. We want to build a trading platform between them for further expansion of trade through logistics.
The experts highlight that the transit and logistics capabilities of the region will benefit the countries. The advantages include infrastructure development and expansion of trade and economic ties, which will result in new investments into the countries.