EU, Kazakhstan to consider developing TITR

The EU and Kazakhstan are considering the possibility of joint development of the Trans-Caspian International Transport Route (TITR), deputy prime minister, Foreign Minister Mukhtar Tleuberdi said at a briefing with EU diplomat Josep Borrell, who is on a visit to Astana, Report informs referring to Kazakh media.

“Given the current geopolitical situation, we noted the importance of developing international transport corridors to ensure the global supply chain of goods. In particular, we considered the issues of the European Union’s support for the development of the TITR,” Tleuberdi said.

He noted that the European Union is the largest trade and investment partner of the republic with a total volume of direct investments of more than $160 billion. Over the past nine months, the volume of trade between Kazakhstan and the EU countries reached $29.5 billion, which is an increase of 42%.

“We are interested in further diversifying the dialogue in the trade and economic sphere with a focus on deepening cooperation in agriculture, the transition to a green economy, improving energy efficiency, digitalization, transport and logistics,” Tleuberdi said.

The TITR runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkiye and the Black Sea further to European countries. TITR Association members are 20 companies, including railway administrations, ports, shipping and logistics companies from 8 countries.