AZ

Pakistan initiates formal accession process to North-South ITC

BAKU, Azerbaijan, June 26. Pakistan has started
the process of joining the North-South International Transport
Corridor (ITC), the ambassador of Pakistan to Russia, Muhammad
Khalid Jamali said, Trend reports.
"We started the relevant accession procedure after the Russian
Federation appealed to us. We had a successful experience of cargo
delivery through one of the branches of the North-South ITC, and we
are moving towards official entry into this transport corridor,"
the ambassador emphasized.
According to him, in particular, a shipment of Pakistani citrus
fruits was recently delivered to Dagestan from Pakistan via Iran
and Azerbaijan.
"The new trade route for Pakistan means potential for increasing
trade volumes," the ambassador added.
To note, the North-South ITC is a 7,200-kilometer-long
multimodal network of sea, rail, and road routes.



The corridor was established in 2000 by India, Iran, and Russia
and aims to reduce the cost and time of transporting goods between
Asia and Europe. It is being replenished with new member countries
and could increase trade between the North-South Corridor member
countries by 30 percent.
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