Iran-Eurasia rail corridor to begin operating within 10 days

A working group on launching the rail corridor between Iran and Eurasia has set April 15 as the inauguration date for the corridor.

5 April 2022
ID : 33601
Share
Share with
Telegram Whatsapp
Link

A working group on launching the rail corridor between Iran and Eurasia has set April 15 as the inauguration date for the corridor.

The rail corridor will connect the port city of Bandar Abbas in southern Iran to Sarakhs in the country's northeast and will then pass through Turkmenistan and Uzbekistan to Kyrgyzstan.

Kargyzstan has long been waiting for the launch of the corridor which will help enhance the country’s trade relations with Iran and will help more efficient transportation of cargos from southeast Asia, China and India.

The Eurasian Economic Union (EAEU) is an economic union of post-Soviet states located in Eastern Europe, Western Asia and Central Asia.

The union is composed of Belarus, Russia, Armenia, Kazakhstan and Kyrgyzstan.

Iran’s trade with Eurasian Economic Union’s member countries stood at $5.03 billion in the last fiscal year’s first 11 months (March 21, 2021-Feb. 19), registering a 48% growth compared with the corresponding period of last year, according to Hossein Kakhaki, a customs official.

In a meeting in mid-October 2021, President of Iran Chamber of Commerce (ICCIMA) Gholam Hossein Shafei referred to four powers on the four sides of the Shanghai Cooperation Council – Russia in the north, India in the south, China in the East, and Europe in the West – and noted that, given its geo-economic position, Iran can serve as a linking bridge between the four key economies of the Organization which he terms as an emerging new Eurasia. 

Comment
Reply to :
= 5-4
Related