To: TobagoJack who wrote (24344 ) 10/19/2007 9:57:12 PM From: pogohere Read Replies (1) | Respond to of 217561 Tehran Summit Unites Caspian States on Major Issues Ashgabat/Tehran, 16 October 2007 (nCa/Agencies) --- In the second Caspian summit, held Tuesday in Tehran, the littoral states took a united stand on a number of issues facing the region. The declaration signed at the end of the summit covers a wide range of subjects in its 25 articles. The document virtually binds the littoral states into a non-aggression commitment, warns the outsiders to refrain from using the Caspian region soil for military operations or interfering in any other way, supports the right of Iran to pursue nuclear technology for peaceful purposes, and defines perimeters for ecological integrity of Caspian. "Chairing the meeting at the airport, Berdymuhamedov said that no effort should be spared to fulfill the obligations arising from the agreement signed in Tehran for construction of Turkmenistan-Kazakhstan-Iran railway line that would link the Central Asian region with Russia on one side and the Persian Gulf on the other. He said that Turkmenistan initiated the idea of the railway link and it would help transit millions of tons of cargo annually. . . . It is difficult to wrap one’s mind around the enormous potential of the North-South corridor. If the discovery of the sea routes was the death of the Silk Road, the establishment of North-South corridor could reverse the course of history. If the transportation time between South Asia and Europe is cut down by eight days and the freight charges are slashed by US $ 500 per container, would there be any businessman in South and Central Asia or China who would refuse to use the North-South corridor? And, it cuts both ways: Would there be any businessman in Europe who would decline to send his cargo through North-South corridor merely on ideological grounds? If this doesn’t sound like real-big thing, here is more: Reduced freight costs and short transportation time would make Chinese goods even more competitive in the European markets. If nothing else, it would help China improve wages of its workers without increasing the export prices. The North-South corridor would give birth to free trade and industrial zones along the way in Iran, Turkmenistan, Kazakhstan and Russia. It would encourage European manufacturers to relocate their facilities to any convenient location along the North-South corridor and ship the end product in either direction at minimum cost swiftly. If it still doesn’t sound impressive, let’s add another charm to the North-South corridor. Nearly half of the world cargo passing through Russia would mean that Kremlin would always be able to play a global role even after the demise of the hydrocarbon resources.turkishweekly.net