NEWS

An article on signing an agreement on the creation of the largest logistics cluster in Uzbekistan has been published by a leading UAE news agency The Emirates News Agency (WAM).
The leading place in the UAE in the field of international trade, logistics and industry belongs to AD Ports Group. One of the largest oil and gas companies in Uzbekistan is Sanoat Energetika Guruhi (SEG).
The launch of a joint venture to open new businesses in the field of logistics and cargo transportation by AD Ports Group and SEG is noted in the article. The development of logistics infrastructure and services in Uzbekistan and the entry of Uzbek products, in particular SEG products, to the world market will be accelerated by this step.
According to AD Ports Group Chairman Falah Mohammed Al-Ahbabi, the strategic partnership between UAE and Uzbekistan will be strengthened by this agreement. He also said that they were pleased to direct the experience and resources of the AD Ports Group to solve the main logistical problems and use the opportunities available in the country. The Chairman added that AD Ports Group can contribute to unlocking the country’s broader economic potential by creating new value chains and opening up new trade routes. They will use the potential effectively to create economic hubs and logistics centers in the opening of a specialized food hub, inland ports and warehouses.
According to Bakhtiyor Fazilov, director of SEG, the agreement will have a significant impact on economic growth in Uzbekistan, and it will help to create new jobs and open up new opportunities for trade and development.
Statistics show that Uzbekistan is a major producer of key export commodities, including oil, natural gas and gold, as well as the second largest exporter of cotton in the world. The new joint venture will make it possible to bring a wider range of Uzbek products to the global market.
WAM concludes that the SEG development vector aimed at building a vertically integrated oil and gas company that will be able not only to extract and process hydrocarbon raw materials into high value-added products, but also to supply these products to anywhere in the world thanks to creating trade corridors, is continued by this partnership with one of the largest global leaders in the field of logistics.

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According to Secretary General of the Permanent Secretariat of the Intergovernmental Commission (PS IGC) TRACECA Asset Assavbayev, harmonization and easing of customs procedures has always been one of interests of TRACECA countries.
This statement was made during the first virtual workshop on customs issues along the routes (Europe-Caucasus-Asia).
The press service said that the harmonization and simplification of customs transit procedures, also mechanisms for systematic exchange of information between customs authorities were discussed by the Secretary General and the member countries of the Basic Multilateral Agreement on International Transport for Development of the Europe-the Caucasus-Asia Corridor (MLA) TRACECA.
According to the press service, the support and the simplification of customs procedures at border crossings and seaports along TRACECA in order to facilitate the movement of goods were the main objective of the seminar.
They also mentioned that multimodal transport through the territory of several countries, accompanied by modal shifts, characterizes TRACECA routes connecting Europe, the Caucasus and Asia.
Additional processing time is required for goods transportation through border crossings and seaports in TRACECA transit countries. Certain formalities related to paperwork and customs procedures are also needed for modal shifts.
According to TRACECA, the issues of permanent interest to its member states, which are striving to improve communication along the whole Europe-Caucasus-Asia corridor, are harmonization and simplification of procedures generally, improvement of the efficiency of customs transit regimes, simplification of customs formalities, optimizing of border crossing operations and improvement of the efficiency of seaports.
The need to simplify traffic and reduce border crossing times, which is important for the attractiveness of TRACECA corridor routes, was also noted by Assavbayev.
He said that one of the most important issues to be addressed in order to improve border crossing efficiency were customs procedures at border crossings and seaports, and the goal of facilitating international transport along our route can be significantly contributed to by the exchange of experience and harmonization of policies related to the implementation of international customs transit systems.
An overview of customs transit systems along TRACECA routes was proposed to be developed, and a meeting between member countries to be organized to gain access to a common transit convention. The research and consideration of simplified customs transit procedures in more detail was the result of the last seminar.
They also proposed the usage of advance cargo information, also the development of mechanisms for the systematic exchange of information between customs authorities in selected TRACECA countries (where such mechanisms currently do not exist) during the last seminar. The second workshop on customs issues in October 2022 will give the opportunity to discuss all these topics further.

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