Azerbaijan, Georgia and Turkey have signed an agreement on electronic exchange of information on goods transported in transit via Baku-Tbilisi-Kars (BTK) railroad, Novosti-Gruziya reports. The document was executed today in Baku at the meeting of the tripartite committee on customs issues

The agreement will create new opportunities for cargo transportation via BTK railroad, connecting trans-European and trans-Asian railway corridors.

Thanks to the electronic exchange of primary information on goods, customs procedures will be simplified and border-crossing processes will be accelerated.

The agreement will also increase the logistical capacity of ports.

The Baku-Tbilisi-Kars railway is a logistical part of the corridor connecting Europe and Asia. The project made it possible to unite the railway networks of Azerbaijan, Georgia and Turkey into a single transport corridor. The total length of the BTK is about 830 km.

This railway line has been operating in test mode since 2017.

The construction of the Georgian part of the BTK was financed by Azerbaijan, which provided Georgia with two soft loans totaling $775 million.