The Kostanai business community proposed to create an international logistics hub and build a dry port in the region to expand the country’s export potential during an Aug. 7 investment forum, reported Kazinform. According to Aidyn Alimov, director of the Tobol transport and logistics complex, this initiative could accelerate regional and border trade by consolidating … Read more
The re-export of cars imported from the US to Russia and Belarus was prohibited from the territory of Georgia from August 1 as per the sanctions imposed by the US and the European Union, the Revenue Service announced on Wednesday. On top of that, the re-export of cars imported from the European Union to Russia … Read more
Bilateral cooperation with Kazakhstan was praised by Georgian Prime Minister Irakli Garibashvili on Tuesday and the importance of the further development of the Middle Corridor, a route connecting Central Asia and Europe via the South Caucasus, was highlighted by him in a meeting with his Kazakh counterpart Alikhan Smailov in Almaty.
The Kazakh official’s June trip to Tbilisi, where “ambitious plans and potential projects”, including the “full-scale” operation of the Corridor, also known as the Trans-Caspian International Transport Route, had been discussed, was recalled during the visit by the head of the Georgian Government with the aim of extending his gratitude for “warm reception and hospitality”.
The parts also signed a related roadmap, which Garibashvili called “important” in the development of the route during the visit.
The roadmap was also discussed by the PM and Chinese officials during his visit to the country between July 27-31. According to the PM, the future cooperation of the countries will be as fruitful as it was before and is now.
As Smailov stressed for his part, “great importance” was attached to cooperation in transit and transport by his Government. He also said that he welcomed partnership with Tbilisi over the development of the Corridor.
According to Smailov, volume of cargo transportation through the route had increased by 77 percent over the past six months and reached 1.3 million tons.
As he said, an additional impetus to the development of the route has been given by the agreements reached during our last meeting, and digitization, ensuring stable transportation rates and creating a single logistics operator along the Corridor have gained “special importance”.
The transit and transport potential of Georgia was also noted during the explanation of his Government’s interest in increasing the transport connectivity of the South Caucasus region.
According to the official, “close and long friendly ties and multilateral cooperation” connect Kazakhstan and Georgia. He highlighted his gratitude for a “very good atmosphere” during his Tbilisi visit and for his discussions with the Georgian PM where a “wide range of questions” had been involved.
As Smailov said, bilateral ties are further strengthened by a traditional and high-level interaction, as Kazakh Government was ready to further strengthen partnership with Georgia “based on trust and respect”. He added that Georgia is an important and reliable partner of Kazakhstan in the South Caucasus region.
The increase of bilateral trade by 30 percent over the past six months was pointed out by Smailov as the sign of “dynamically developing” cooperation and “positive trends” in trade and economy.
Kazakh Prime Minister suggested to use the possibilities of the intergovernmental commission in order to further increase trade turnover [and] the trade volumes between the countries.
Georgian Prime Minister arrived in Kazakhstan following his trip to China early on Tuesday.
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Exports (calendar and seasonally adjusted exports of goods), June 2023 131.3 billion euros +0.1% on the previous month -1.9% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), June 2023 112.6 billion euros -3.4% on the previous month -11.6% on the same month a year earlier Foreign trade balance … Read more
On 1 September 2023 additional export control measures will enter into force for advanced semiconductor manufacturing equipment. From that point on, the export of certain advanced semiconductor manufacturing equipment will be subject to a national authorisation requirement. The ministerial order in question, which was announced on 8 March in a letter to the House of … Read more
As India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7 here, an official said. Both sides are looking at concluding the talks before the end of the year. The main issues which could … Read more
Ukraine will be able to export up to 4-4.5 million tonnes of agricultural products per month via alternative routes without exporting through the Black Sea. Denys Marchuk, deputy chairman of Ukrainian Agrarian Council, stated this at Ukraine Media Center – Ukrinform. “If all the circumstances are favorable, we could ensure the monthly movement (of agricultural … Read more
The overall external trade in the Republic of Serbia for the period January- June 2023 amounted to: – USD 35867.5 million – which was a decrease of 0.6% compared to the same period last year; – EUR 33191.1 million – which was an increase of 0.8% compared to the same period last year. The value … Read more
An electronic queue system, introduced at the Kazakh border checkpoints, is streamlining and ensuring transparency in the movement of goods and transports, said Yeldos Saudabayev, director of the control department of the State Revenue Committee, at a July 26 Central Communications Service briefing on the customs administration and modernization of checkpoints. According to Saudabayev, the … Read more
Georgian Prime Minister Irakli Garibashvili on Tuesday praised bilateral cooperation with Kazakhstan and highlighted the importance of the further development of the Middle Corridor, a route connecting Central Asia and Europe via the South Caucasus, in a meeting with his Kazakh counterpart Alikhan Smailov in Almaty. Extending his gratitude for “warm reception and hospitality” during … Read more