Azerbaijan and Latvia are taking the same path
The route will be 7,200 km long. Representatives of the Latvian government declared that the development of the project was a priority for the country’s logistics sector. It is anticipated that the route will expedite the flow of goods from India to Europe, and naturally sales turnover through the Baltics. The Ministry of Transport of Latvia noted that this route was directly related to China’s Belt and Road Initiative, which provides a significant number of opportunities for the creation of new transport routes and the upgrade of old ones.
Two very important transport corridors pass through Azerbaijan. The first of them is the international North-South corridor linking India, Iran, Azerbaijan, the North West of Russia and the Region of the Baltic Sea. The second is the transport corridor of TRACECA (Transport Corridor Europe-Caucasus-Asia), which is part of the New Silk Road and links the Caspian Sea and Black Sea.
The bilateral relations between Azerbaijan and Latvia have been boosted after the visit of Deputy Minister of Economy of Azerbaijan Sahib Mammadov to Riga, attending the official opening of Azerbaijan’s first Trade House in Europe.
It is anticipated that development of rail traffic with Iran will strengthen the North-South trading corridor – a trading route of strategic importance for Latvia. The small Baltic country in the Baltics is offering Eurasian countries greater opportunities, including access to the markets of Northern and Western Europe through Latvia’s railways and ports – Riga, Ventspils and Liepāja.
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