According to an ESCAP study, Asia, with about 60% of the world's population, accounts for 35% of EU exports (EUR 618 billion) and 45% of EU imports (EUR 774 billion). Since freight transport is based on trade flows, the related high level of trade between Asia and Europe also implies a corresponding level of demand for freight transport between the two regions. Thus, efficient and sustainable connectivity that improves the movement of goods and services between countries in both parts of the continent will contribute to economic growth and employment generation as well as to overall competitiveness and trade.
ESCAP
The CCTT participated in a Joint Meeting of OSJD-ESCAP Experts in the form of a videoconference on the challenges and opportunities of international rail transport on the Trans-Asian railway network and beyond during the COVID-19 pandemic situation, which was held on 7-8 July 2020 under the chairmanship of Mr. Kaveh Zahedi, Deputy Executive Secretary of ESCAP, and Mr. Tadeusz Szozda, Chairman of the OSJD Committee.