Georgia, Kazakhstan and Azerbaijan have reached agreement on preferential tariffs for Kazakh cargo transit in the TransCaspian corridor.
The agreement was reached at the meeting of TransCaspian International Transport Route Coordination Committee in Astana. A part of Kazakh export cargo, including cereals, oil products and nonferrous metals will enjoy preferential tariffs in the corridor participant countries.
The meeting participants also established the TransCaspian International Transport Route Association that will make focus on attracting transit and foreign trade cargo and developing integrated logistic products in this corridor, as well as developing efficient tariff policy.
The association will make accents on optimization of obstacles and determination of price for integrated services, developing a united technology of transportation process, reducing administrative barriers related to frontier and customs procedures and cargo treatment. All these measures are to increase competitive capacity of the corridor compared to the alternative route.