The Memorandum of Understanding will enhance greater rail connectivity and trade between China, Kazakhstan, the Commonwealth of Independent States (CIS) countries and Europe, providing DHL Global Forwarding with additional commercial block train services. This will allow DHL Global Forwarding to enhance the scheduled rail services for customers, increasing the overland rail routes as a complimentary alternative to traditional sea and air freight.
Under the MoU, KTZE will be responsible for operating rail activities from point to point as well as across the China/Kazakhstan borders. The partnership will see the development of additional rail offering along the South Silk Road trade route to Europe via Kazakhstan.
With the setting up of the Khorgos Special Economic Zone, this partnership will offer new logistics solutions within the zone which will contribute to the importance of the trans-Kazakh route as one of the major trade nodes connecting China, Kazakhstan and the CIS region for onward distribution to Europe.
According to the European Commission, the volume of China-EU trade amounts to more than 1 billion euros every day, making the trade route the second-largest cooperative economic relationship in the world.
Photo: www.akipress.com
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