NEW SILK WAY Forum Discussed the Development of the Middle Corridor and Increased Efficiency of Freight Transportation
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NEW SILK WAY Forum Discussed the Development of the Middle Corridor and Increased Efficiency of Freight Transportation

The international business forum NEW SILK WAY discussed the prospects for developing the Middle Corridor, as well as issues related to increasing the efficiency of freight transportation and expanding regional transport links.

A panel session was held within the framework of the forum dedicated to the development of the Trans-Caspian International Transport Route (TITR) and measures aimed at increasing its transit potential. Participants in the discussion included representatives of the transport authorities of Uzbekistan and Kazakhstan, as well as employees of the World Bank and members of the business community.

Uzbekistan was represented by Bekzod Kholmatov, Director of the Center for Research on Transport and Logistics Development under the Ministry of Transport. Kazakhstan was represented by Nurzhan Kelbuganov, Chairman of the Committee for Railway and Water Transport of the Ministry of Transport. Andrey Mikhnev, Director of the World Bank for Kazakhstan and Turkmenistan, also took part in the discussion.

The session, organized by the World Bank, focused on improving the quality of logistics and transport services, simplifying border procedures, promoting international trade, and strengthening transport hubs between the countries of the region. Participants were presented with a World Bank report on the development of trade logistics along the Trans-Caspian Transport Corridor.

Special attention was paid to the digitalization of freight transportation, the implementation of electronic document management, and the integration of information systems used by railway administrations. These steps are viewed as ways to increase the effectiveness of international cargo operations.

Participants noted that the further advancement of the Middle Corridor requires not only infrastructure expansion but also improvement in the reliability, regularity, and competitiveness of the transport services provided.

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The meeting of delegation heads, titled 'Synchronization of Actions, Institutionalization, and Digitalization,' took place within the framework of the 8th International Business Forum 'New Silk Road.' Participants included heads of transport departments, diplomatic corps representatives, and international organizations.

The main topics of discussion were the coordination of infrastructure development plans, reducing obstacles at state borders, and digitizing transport processes.

The Minister of Transport of Uzbekistan, Ilhom Makhamov, emphasized that creating an effective transport system is impossible within the boundaries of a single country. He noted that increasing the region's competitiveness requires eliminating administrative barriers and unifying procedures for international transport.

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Uzbekistan and Latvia Discuss Logistics and New Projects During Business Mission

The Chamber of Commerce and Industry of Uzbekistan held a meeting with a delegation of Latvian entrepreneurs who arrived in the country as part of a business mission.

These negotiations took place ahead of the Uzbek-Latvian business forum, scheduled for October 8 in Tashkent, according to the Chamber of Commerce and Industry of Uzbekistan. The Latvian delegation included representatives from the transport and logistics, agriculture, investment, chemical industry, modern technologies, certification, and green energy sectors.

One of the central topics of discussion was the creation of an Uzbek-Latvian logistics hub based in the Port of Riga. The parties also examined opportunities for combining exporters and importers from both countries, as well as the potential for joint entry into third-country markets.

Agricultural projects occupied another significant part of the discussions. Participants studied prospects for cooperation in the field of agricultural product processing, growing and freezing fruits and berries, greenhouse construction, as well as biogas and organic fertilizer production.

Significant attention was paid to the issue of certification. The Latvian side presented opportunities for partnership with a local testing and certification center that has over one hundred and fifteen years of experience. Potential cooperation could include establishing a joint venture or opening a branch.

Entrepreneurs from Latvia were also presented with opportunities to enter the European market within the SPS+ system. Furthermore, the parties discussed prospects for interaction in the fields of startups, venture investments, and information technology.

Following the meeting, an agreement was reached to hold an online conference involving Uzbek entrepreneurs to discuss certification issues. The parties also agreed to maintain regular dialogue on priority areas of cooperation. The next stage of bilateral business interaction will be the business forum to be held in Tashkent on October 8.

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