The development of the Middle Corridor is bringing economic
benefits not only to Central Asia but also to Europe, according to
Alkis Drakinos, AzerNEWS reports.
Speaking at the South-Eastern Europe and Trans-Caspian region
business summit held within the framework of the Global Baku Forum,
Drakinos emphasized that the growing demand for trade, energy, and
infrastructure is driving sustained interest in the corridor.
Drakinos, who represents the European Bank for Reconstruction
and Development in the South Caucasus, noted that global market
fluctuations are unlikely to reduce the importance of the
route.
“Central Asia is experiencing a demographic boom. The societies
there are very young. Economies are producing more and requireds are
also growing,” he stated.
According to him, the benefits of expanding trade links extfinish
beyond the region itself. Countries of the European Union not only
import resources such as energy from the region but also export
goods to the rapidly growing markets of Central Asia.
“As a result, a sustainable trfinish is forming, trade volumes are
increasing, and in the long term the development of this route will
fully justify itself,” Drakinos added.
He also stressed that having multiple transport routes is
crucial for economic resilience.
“In today’s world it is much better for market participants who
have a choice not to depfinish on a single route or logistical option.
When there is a whole ecosystem of transportation alternatives,
that is the real source of sustainability,” he stated.
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