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The potential for trade between two of the world’s most important economic areas — Asia and Europe — looks set to grow alongside rising global trade volumes, even in the face of considerable headwinds including the economic fallout of ongoing geopolitical tensions.
The Trans-Caspian International Transport Route (TITR) runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey and further through the Black Sea to Europe. The TITR is a multimodal route that involves two modes of transport: rail and sea.