Azerbaijan Emerges As Hub For Transporting Goods To EU: Official

Fourth EstateRail cargo cars and containers in Azerhaijan

Azerbaijan said Tuesday that it has emerged as a hub for transporting goods to the European Union countries, and assured to work more to improve this supply chain. “We are not transporting goods to the EU countries only but also …

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EU Proposes Suspension of Ukraine Import Duties

The European Commission proposed on Wednesday to temporarily suspend import duties on all Ukrainian exports to support the trade flows from Ukraine to the European Union. The commission said that the present war in Ukraine has affected the country’s ability …

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Switzerland Freezes $8 Billion in Russian Wealth

Fourth EstateThe Swiss flag - Fourth Estate

Switzerland has so far frozen CHF7.5 billion ($8 billion) in funds and assets belonging to Russians as a result of sanctions imposed in response to Moscow’s invasion of Ukraine. Erwin Bollinger, head of the Bilateral Economic Relations Division at the …

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Iran, and Russia Eager To Boost Trade Ties

A 70-member Iranian delegation participated in the Iran-Russia Trade Conference in Moscow on Thursday, and discussed ways and avenues to further accelerate trade ties and cooperation between the two countries. Representatives of Iranian and 300 Russian companies in nine different …

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Azerbaijan and Italy Confer on Expanding Trans-Adriatic Pipeline

Fourth EstateManifold station along the Trans-Adriatic Pipeline - TAP

Azerbaijan and Italy agreed on expanding the Trans-Adriatic Pipeline (TAP) to further improve the transport of natural gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. Azerbaijan Energy Minister Parviz Shahbazov met with …

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U.S. House Passes Bill to End Normal Trade Relations with Russia, Belarus

The United States House of Representatives passed a bill on March 17 to suspend normal trade relations with Russia and its ally Belarus until 2024 due to the ongoing invasion of Ukraine. The House approved the Suspending Normal Trade relations …

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Taliban Leader Mullah Baradar Urges World To Lift Sanctions on Afghanistan

Taliban Deputy Prime Minister, Abdul Ghani Baradar on Thursday called on the international community to remove sanctions on Afghanistan as the country is going through a worse economic situation. Speaking at a conference of the national private sector in the …

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Turkey, Turkmenistan Agree To Enhance Trade Cooperation

Top Turkish and Turkmenistan trade officials on Monday discussed areas of cooperation in different aspects and agreed to expand trade and textile industry partnership. Serdar Berdimuhamedov, Deputy Chairman of the Turkmen Cabinet of Ministers in a phone call with Mehmet …

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Pakistan, Uzbekistan to Finalize Preferential Trade Agreement Soon

The government of Pakistan on Tuesday announced that the Preferential Trade Agreement (PTA) aimed at increasing trade between Pakistan and Uzbekistan would be finalized in the month of March. Commerce and Investment Advisor to the Pakistan Prime Minister Office, Abdul …

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