Expert: “Azerbaijan to become regional trade centre after launch of Baku-Tbilisi-Kars railway”

Expert: “Azerbaijan to become regional trade centre after launch of Baku-Tbilisi-Kars railway”
# 22 February 2013 12:04 (UTC +04:00)

According to him, new railway will play a role of bridge not only between Azerbaijan and Turkey, but between Europe and Asia. If Azerbaijan’s geographical position is taken into consideration, it will become regional trade hub: “Azerbaijan will change to storage and direction point of goods from foreign countries after launch of this junction”.

Note that main trade hubs of the world are Dubai, Singapore and Hong Kong.

Yangin says annual capacity of the junction is expected to be $ 5 bln for first years. Azerbaijan will benefit 1% of the value of goods.

Initial trade turnover is forecasted to be $5 bln and annual $ 50 bln.

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