January 24, 2024 (Wednesday) Curated Summary International North-South Transport Corridor: Enhancing Indfia's regional connectivity (Valdai Discussion Club) The International North-South Transport Corridor (INSTC) is a route for moving freight from South Asia to Europe through Central Asia, the Caucasus, and Russia . It involves moving goods from India to Iran by ship, and then by ship, truck, or rail to Southern Russia. From there, the goods are transported by truck or rail to Northern Europe. The INSTC project includes countries such as Russia, Iran, India, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Ukraine, Belarus, and Oman . The commencement of the first commercial consignment through INSTC in July 2022 marked a historic milestone. The new route is expected to have a transit time of 25-30 days, which is shorter and cheaper compared to the previous route. The INSTC aims to improve cooperation, communication, and reduce barriers to facilitate economic gr...
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