Azerbaijan's Strategic Role in the Middle Corridor: Taking the spotlight in the globalized world and boosting Non-Oil Sectors via transit operations

Dilara Rafi

MPRA Paper from University Library of Munich, Germany

Abstract: The Middle Corridor, a critical trade route connecting Europe and Asia, has gained importance after geopolitical challenges on the alternative routes, the Northern and Southern Corridors. Azerbaijan plays a strategic role in the Middle Corridor, investing in transport infrastructure and fostering regional cooperation. This paper examines Azerbaijan's efforts to enhance its position as a key global transit hub to strengthen its logistical capabilities, contributing to non-oil sector growth and economic diversification. Through regional partnerships, infrastructure projects, and improved multimodal transport systems, the country aims for capitalizing on its strategic location, further integrating into global trade networks. The paper concludes with recommendations for enhancing Azerbaijan's transit potential, emphasizing the need for digital innovations, regulatory reforms, and increased collaboration with corridor countries and global partners.

Keywords: Middle Corridor; multimodal transport; non-oil sector; economic diversification (search for similar items in EconPapers)
JEL-codes: R4 (search for similar items in EconPapers)
Date: 2024-10-25
New Economics Papers: this item is included in nep-cis, nep-int, nep-mac, nep-tra, nep-tre and nep-ure
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