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09 March 2023, 17:18

EAEU mulls over transport hub in United Arab Emirates

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MOSCOW, 9 March (BelTA) - The Eurasian Economic Union plans to set up a transport hub in the United Arab Emirates, the press service of the Eurasian Economic Commission told BelTA following the visit of the Director of the EEC Trade Policy Department Vladimir Serpikov to the UAE where he met with a UAE business delegation headed by Vice President of the Dubai Chamber of Commerce Hassan Al Hashimi.

The parties exchanged views on the prospects for expanding cooperation between the EAEU member states and the United Arab Emirates. "We see a significant potential for setting up a distribution network and a transport hub in the UAE, providing the Emirati side is interested in this project. It will help expand the trade of the EAEU states with the countries of the Middle East region, and in the future with African countries," Vladimir Serpikov said.

He also highlighted the issues of strengthening cooperation between the EAEU and the UAE. This, in particular, applies to the development of the International North-South Transport Corridor. The UAE was proposed to consider joining the Eurasian Agroexpress project.

"Such projects make it possible to switch to a comprehensive digital technology for the transportation of goods by rail using electronic transport and shipping documents, which in turn will make it possible to reduce the delivery time and eliminate administrative barriers to trade," the EEC emphasized.

"Hassan al-Hashimi confirmed the interest in expanding comprehensive cooperation with the EAEU countries, including on the mentioned issues," the press service added.

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