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Progress of the International North South Transport Corridor

Tehran Times and other news agencies in Iran reported that the country hosted the Seventh coordination council and the North South Corridor ministerial meeting in Tehran on March 4 -5. During the two-day summit, the fourteen member countries explored ways of facilitating cooperation among the member states and discuss new approaches to increase the volume of trade through increasing the economic attractiveness of the corridor as well as its competitiveness compared to rival corridors in the region as per the Tehran Times. “Since 2000, in which the coordination council of the INSTC was established, the council have held six meetings.” Iran’s Deputy Transport Minister Shahram Adamnejad said. The official further emphasized the need for close cooperation and unity among the member countries in order to promote this corridor and commercialize its routes. “Undoubtedly, the current and future plans and actions of the member states in developing and completing their transport infrastructure and facilities, in a context of synergy and coordination, will have a significant impact on the prosperity of the corridor routes.” Adamnejad added.............................

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