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Tuesday, 17 October 2023 00:00

A New Spring for Caspian Transit and Trade Featured

By Svante E. Cornell and Brenda Shaffer
CACI Analyst Feature Article
October 17, 2023
 

image.pngMajor recent shifts, starting with the Taliban victory in Afghanistan and Russia’s war in Ukraine have led to a resurgence of the Trans-Caspian transportation corridor. This corridor, envisioned in the 1990s, has been slow to come to fruition, but has now suddenly found much-needed support. The obstacles to a rapid expansion of the corridor’s capacity are nevertheless considerable, given the underinvestment in its capacity over many years.

 For the first time in three decades, the establishment of formidable Trans-Caspian infrastructure has become viable. Shortly following the collapse of the USSR, the United States, the EU and most states of Central Asia and the Caucasus sought to establish Trans-Caspian trade and transport routes, initially focusing particularly on energy, and envisioned these routes as an essential strategic component of linking the region to the West and strengthening the political and economic independence of the countries of the region. Despite close to thirty years of policy efforts, these forces did not succeed in establishing infrastructure that would link both sides of the Caspian Sea in a manner that makes this a corridor for considerable transport of goods or energy. This, however, may be changing. Events in 2022 and 2023 have accelerated efforts of the states in the region to establish viable infrastructure links across the Caspian Sea.

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