“Transport corridors have contributed to boosting Azerbaijan's transit potential, creating significant opportunities for businesses. In particular, thanks to the Middle Corridor, the freight shipping transit time from China to Europe has been reduced to 8-10 days,” said Shahmar Movsumov, Assistant to the President, Head of the Department of Economic Issues and Innovative Development Policy of the Presidential Administration, as he addressed the "Customs-Business Forum 2024: Dialogue" event.
Shahmar Movsumov noted that the simplification of customs procedures and the elimination of bureaucratic hurdles helped to create better opportunities for local and foreign investors.
According to the Assistant to the President, over the past 5 years, Azerbaijan's foreign trade turnover has more than doubled, reaching $52 billion.
