Iran, Russia, Uzbekistan, Turkmenistan seal transit deal
A transit agreement was concluded by Uzbekistan, Turkmenistan, Russia and Iran during the visit of Iranian Minister of Roads and Urban Development Mehrdad Bazrpash to Russia, aimed at attending the 26th Saint Petersburg International Economic Forum (SPIEF).
According to Bazrpash, pursuing bilateral agreements and speeding up the completion of the International North-South Transit Corridor (INSTC) were the most important goals of his participation in SPIEF this year, IRNA reported.
Participating in a meeting with the Russian Minister of Transportation and bilateral meetings with some officials of the countries were also among the programs of the Iranian minister in Russia.
On his visit to Russia, Bazrpash was accompanied by a senior delegation including the head of Iran’s Ports and Maritime Organization (PMO), and the head of the country’s Civil Aviation Organization (CAO).
During the SPIEF summit, business-to-business (B2B) meetings were held between senior transport officials of the two countries to discuss issues related to the INSTC, transit, ports, and air transportation cooperation.
Given the geographical location of Iran and its connection to the Caspian Sea, the Persian Gulf and the Sea of Oman, many countries have shown keenness to establish cooperation with Iran in the transportation and transit sectors, according to Bazrpash.
An investment and Business exhibition was also held as part of the St. Petersburg International Economic Forum. The exhibition is a platform for constructive dialogue, searching for solutions, consolidating efforts, and fostering the exchange of experience among the forum participants.
The SPIEF has been held annually since 1997 and is a major business event in the world. Over the past 25 years, the forum has cemented its status as a leading international event focusing on key issues on the global economic agenda.