Posted: 4 years ago

Container Shipments from China to Europe Increased by 50%

Cooperation in the field of transit and transportation between Georgia and China was discussed at the meeting at the Ministry of Economy and Sustainable Development.

Representatives of the Georgian Railways, the Ministry of Economy and Sustainable Development and the China delegation, including the Mayor of Lianyungang and the Chairman of the Lianyungang Port Advisory Board.

Prospects of developing of so-called “Middle Corridor”, already achieved success and the relevant challenges, as well as the increasing volume of the container shipping, were discussed in details during the meeting. 

Special attention was paid to the distribution of subsidies within the “Middle Corridor”. In particular, in addition to Istanbul direction, the Georgian delegation initiated to provide subsidies for container transportation from the Lianyungang Port to the European countries via the Georgian ports.

Discussions also referred to the allocation of subsidies on transit shipping through the Lianyungang Port (to Japan, Korea).

The leadership of the Lianyungang Port underlined that the “Middle Corridor” is as a priority route connecting China and Europe. They expressed their desire to cooperate more actively with the Georgian side in order to improve the corridor development and increase the cargo flow.

Georgian delegation provided the Chinese delegation with the information on important ongoing measures that are being implemented in the field of transport including the relevant projects and future plans. According to the existing statistics, the container shipments (TEU) from China to Europe was increased by 50% in 2017 and by 573% in 2018.