Within the framework of One Belt, One Road initiative a document signing ceremony was held between Azerbaijani and Chinese companies in Beijing, capital of China.
The ceremony was attended by the Minister of Economy of Azerbaijan, Co-chairman of Azerbaijan-China Intergovernmental Trade and Economic Cooperation Commission Shahin Mustafayev and head of the Eurasia Department of the Ministry of Commerce of China, Co-chairman of Azerbaijan-China Intergovernmental Trade and Economic Cooperation Commission Luo Weidong.
In the presence of the Chairman of Azerbaijan Railways CJSC Javid Gurbanov an Agreement on Strategic Partnership in Transport and Transit Sphere was signed between ADY Container OJSC (Azerbaijan Railways’ affiliated company) and China’s Xi'an Continental Bridge International Logistics Co. Ltd.
In the document the parties achieved an agreement on organization of container trains to run on Trans-Caspian International Transport Route. Both companies intend to dispatch 30 container trains (2460TEU) in 2019.
The agreement will also play an important role in broadening the activities of Baku international sea trade port as a transport hub.