EUROPE-CAUCASUS-ASIA TRANSPORT CORRIDOR RAISES COMPETITIVE CAPACITY
The UN economic and social commission for Asia and Pacific Ocean officially recognized Europe-Caucasus-Asia transport corridor as a natural transit link between Europe and Asia. TACIS-TRASECA program countries now face such challenges as increase of transport networks and effective exploitation of their geographical, political and economic possibilities.
The annual trade turnover between Asia and Europe comes to above $20 trillion. 200 billion comes to the share of transport expenses.