The Middle Corridor's growing role in global trade — Transcript

Full transcript

1. 0:00The middle corridor covering
2. 0:02approximately 4,250
3. 0:04km of rail and 500 km of sea where
4. 0:07containers, oil, gas, and electricity
5. 0:10are transported via railways, ports, and
6. 0:13pipelines.
7. 0:21I'm Nadira Tuda and welcome to Business
8. 0:25Horizons. On today's program, we're
9. 0:27looking at the middle corridor as a bjon
10. 0:29as a regional transport hub.
11. 0:38>> Welcome to business horizons, Mr. Madov.
12. 0:40>> Thank you very much.
13. 0:41>> Over the past few years, the middle
14. 0:42corridor has attracted growing
15. 0:44international attention. Why do you
16. 0:46think that is? The corridor itself
17. 0:48becoming more uh transforming from
18. 0:52regional kind of corridor more to trade
19. 0:55corridor concept. We have an advantage
20. 0:57of the Caspian Sea and that enable us to
21. 1:00increase the efficiency of
22. 1:02transportation of the goods over the
23. 1:04middle corridor. Therefore, geographical
24. 1:06position of Aerben is very important.
25. 1:08>> How important is it to create those
26. 1:11partnerships that coordination with the
27. 1:13countries involved that you've
28. 1:15mentioned? Every country has its own
29. 1:17ecosystem. Every country has its own
30. 1:19infrastructure that includes railway,
31. 1:23marine and middle corridor itself in
32. 1:25that terms has many different
33. 1:27participants. Improving the coordination
34. 1:29work is the very important in this term.
35. 1:32>> Now we know that digitalization has
36. 1:35transformed logistics. How is
37. 1:38digitalization helping um Aabjan
38. 1:41railways for example or the work that
39. 1:43you're doing
40. 1:44>> today in the modern world we need to uh
41. 1:47know
42. 1:49immediately where the cargo is at what
43. 1:52stage uh whether there is a delays or
44. 1:55any kind of services to be provided that
45. 1:58is tracked by digital solutions. How do
46. 2:01you see the future in terms of both
47. 2:03opportunities and challenges when it
48. 2:05comes to the middle corridor?
49. 2:07>> Middle corridor
50. 2:10has increased its expansion becoming
51. 2:13more like intercontinental kind of trade
52. 2:16route. So we better coordinate our
53. 2:19efforts in order to provide the end to
54. 2:21end solutions for our customers.
55. 2:30Now time for our business horizons
56. 2:33insight. The middle corridor is a
57. 2:36multimodal system. Cargo containers are
58. 2:38transported by trucks and rail on land
59. 2:41starting in China and moving through
60. 2:42countries including Kazakhstan, Azabjan,
61. 2:45Georgia, and Turkey. And by sea they
62. 2:47cross the Caspian and Black Seas on
63. 2:49feries. The Baku International Trade
64. 2:52Seapport handled approximately 8 million
65. 2:54tons of cargo in the first 11 months of
66. 2:562025 and are working towards full
67. 2:59capacity of 25 million tons in the
68. 3:01coming years which is a significant
69. 3:03target for Azabjan. According to the
70. 3:05World Economic Forum, the middle
71. 3:07corridor is a strategic artery for both
72. 3:09trade and energy flows, moving
73. 3:12containers, oil, gas and increasingly
74. 3:15electricity. But behind every container,
75. 3:18every freight train and every shipment
76. 3:20are sophisticated control systems. We
77. 3:23went on location to find out more.
78. 3:31Port of Baku plays the role of gateway
79. 3:33uh which is the main transit hub in the
80. 3:36region which connects the Asian ports
81. 3:39with the European ports. The main
82. 3:42commodity that port handles are
83. 3:44containers, brick bulk, bulk and the
84. 3:48general cargo. Uh also we are handling
85. 3:52roro and uh ferry cargos such as trucks,
86. 3:55trailers, uh rail cars etc. One of the
87. 3:59main commodities are agricultural
88. 4:02products, fertilizers, manufacturing
89. 4:04goods, household goods etc. Once the
90. 4:07vessel arrived, we have to discharge the
91. 4:10cargo on time and deliver it to the
92. 4:13final destination on time. As demand
93. 4:15grows in the middle corridor,
94. 4:19one of the best uh indicator for that is
95. 4:21that container handling capacity grow
96. 4:24grew up significantly. For example,
97. 4:27compared to last year with the 2024
98. 4:30cargo handling volume increased by 40%.
99. 4:34First time in the port history, the bulk
100. 4:36cargo handling capacity reached over 1
101. 4:39million tons.
102. 4:45Global trade needs more than solid
103. 4:47infrastructure. We know it's dependent
104. 4:49on connectivity, resilience, and
105. 4:52international cooperation. That's all
106. 4:54for this edition of Business Horizons.
107. 4:56Thanks for watching.