International north-south transport corridor: New economic and trade opportunities for India and Armenia

Abstract

The study aims to identify the main characteristics of the North-South ITC and the possibility of Armenia’s participation in this great international project. To achieve that goal, the advantages of the corridor were presented, the role and importance of India in the implementation of this project were discussed. The article discusses the role of transport in the integration of the member countries of the International North–South Transport Corridor and activities on international project for the development of transport corridor in the region. With its geographical position and improving connectivity with the countries of Europe and Asia, Armenia has a real opportunity to become a bridge. The economic policies of the member countries of the international transport corridor should be based on several goals: assisting communication with nearest countries, enlarging and facilitating access to international markets through the communication routes stretching to Central Asia and Europe. Mutually beneficial cooperation in the energy sector of the countries located on the North-South axis is also very promising.