Kazakh Foreign Minister Murat Nurtleu revealed that the Middle Corridor is projected to handle an impressive 500 thousand containers annually by the year 2030. This ambitious goal highlights the country's commitment to enhancing its transportation infrastructure and strengthening trade connections.
Minister Nurtleu emphasized that Kazakhstan, along with its partner nations, is actively addressing potential bottlenecks along the Trans-Caspian route. This collaborative effort aims to optimize the efficiency and capacity of this crucial trade corridor, which serves as a vital link between Europe and Asia.
Minister Nurtleu shared encouraging statistics regarding the trade turnover between Kazakhstan and other countries within the Turkic Council. He revealed that in the previous year, the trade turnover between Kazakhstan and these nations amounted to an impressive $13 bn. This positive growth trend has persisted, as the mutual trade turnover has already exceeded $8 bn within the first eight months of 2023.
The Kazakh Foreign Ministry emphasized the significance of the newly established Turkic Investment Fund in facilitating increased trade volumes within the region. This fund is expected to play a pivotal role in attracting investments and promoting economic cooperation among Turkic Council member states.
These developments underscore Kazakhstan's commitment to fostering regional trade and strengthening ties with its partners. By investing in infrastructure improvements and leveraging collaborative initiatives, Kazakhstan aims to position itself as a key player in facilitating international trade and promoting economic growth within the Turkic Council and beyond.
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