Improving Transnational Transport Corridors
In the OIC Member Countries: Concepts and Cases
157
Figure 57: Intra and world trade on INSTC
Source: Fimotions (2017), analysis on data o
Considering the total trade volume as shown in and India and Russia are
clearly the biggest players in the region. This fact is also confirmed by the LPIs of these
countries, which are higher than those of Iran and Azerbaijan as presented i India’s
LPI is showing an increasing trend, and the index in 2016 is even close to the average LPI of
EU-28 (3.61) and above the world average (2.88). Exactly what attributed to the higher
improvement on LPI in these countries is hard to say but better transit highway infrastructure
and border processing procedures must have contributed.
Figure 58: Logistics Performance Index in INSTC countries
Source: Fimotions (2017), data source: World Bank.
INDIA
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
2007 2010 2012 2014 2016
Azerbaijan
Iran
India
Russia