Valdai Discussion Club
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πŸ›£ The North-South Multimodal International Transport Corridor (ITC) connects the northwestern part of the Eurasian Economic Union (EAEU) and Scandinavian countries with the states of Central Asia, the Persian Gulf and the Indian Ocean.

β˜‘οΈ The corridor includes the infrastructure of rail, road and inland water transport, seaports in the Caspian Sea, ports of the Persian Gulf, road and rail checkpoints, as well as international airports.

β˜‘οΈ It makes it possible to halve the delivery time of goods from India to Europe compared to the sea route through the Suez Canal, and to multiply container transit along the China-EAEU-Europe axis.

Especially for the Valdai Club 12th Middle East Conference, we prepared an infographic on the International North-South Transport Corridor. The high-res infographic is available on the website.

#mideastvaldai #valdai_infographics #EAEU #transportation

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πŸ›€ The emergence of β€œNew Economic Order” would transform the way logistics and transport in global market is being carried out.

In the wake of Special Military Operation in Ukraine, the Russian economy is adapting its logistics to tackle the emerging situation, to deal with the sanctions imposed by the United States and European Union.

Russia is improving its ties with non-Western allies particularly Asia and Eurasia for market diversification. As a result, Russia is giving major attention to long delayed International North-South Transport Corridor (INSTC), which is now being considered as the potential economic pathway for Russia against the sanctions.

The North-South Transport Corridor member countries must contribute effectively for the overall development of corridor i.e., the improvement of inland waterways, security of container and general cargo terminals in Caspian ports, the modernization of border crossing points and the construction of logistics hubs and roadside service facilities, writes Muhammad Athar Javed, founder, CEO of Pakistan House, especially for the 12th Valdai Club Middle East conference.

https://valdaiclub.com/a/highlights/logistics-of-the-21st-century-new-economic-order/

#mideastvaldai #Eurasia #transportation

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