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Source: Trend
The EDB, which has six out of its seven member states classified as landlocked, reinforced its dedication to fostering the socioeconomic growth of these nations and improving their connectivity. During a thematic side event organized by UNESCAP at the recent UN Conference on Landlocked Countries in Awaza, the bank introduced its Eurasian Transport Network Concept and Transport Projects Observatory. These initiatives aim to bolster trade routes and enhance regional integration.
The EDB underscored the necessity of improving transport connectivity for landlocked countries, which span 15.9 million square kilometers and have a population of 570 million. These nations often face economic challenges due to their distance from maritime routes. The Eurasian Transport Network is specifically designed to support APoA Priority Area 2 (Trade, Trade Facilitation, and Regional Integration) and Priority Area 3 (Transit, Transport, and Connectivity), thereby unlocking the region’s economic and trade potential.
For the first time, the Downstream Central Asia and Caspian Summit will be co-located with the inaugural Go Net Zero Energy Summit on 8 September at the same venue, bringing together downstream stakeholders from across the Caspian and Central Asia regions under one roof. This unique convergence creates a full week of strategic dialogue and delivers unparalleled opportunities for cross-sector collaboration, knowledge sharing, and the formation of strategic partnerships across the entire energy value chain.
Uzbekistan has announced an extension of zero customs duties on the import of 82 types of industrial raw materials and semi-finished products. According to a report from the Ministry of Justice via its Telegram channel, referencing a presidential decree signed.
The world’s largest chemical manufacturer is set to inaugurate its new facility in China by the end of March, generating a blend of optimism and skepticism about growth prospects.