Meeting of the working group on economic cooperation of the member countries of the Organization of Turkic States.
2024-10-21 09:15:00 / News
The meetings also saw the participation of Kubanychbek Omuraliev, Secretary General of the Organization of Turkic States; Daniyar Amangeldiev, Minister of Economy and Commerce of the Kyrgyz Republic; Ömer Bolat, Minister of Trade of Türkiye; Péter Sztáray, State Secretary for Security Policy of the Ministry of Foreign Affairs and Trade of Hungary; Rovnag Abdullayev, Deputy Minister of Economy of Azerbaijan; and Nurlan Baibazarov, Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan.
In his address, Laziz Kudratov highlighted the Organization of Turkic States' significant role in international relations and its established connections with the UN, WTO, OIC, ECO, and other international bodies.
The meeting underscored the increase in intraregional trade, investment, freight transport, and tourism. Ambitious regional initiatives are underway in "green" energy and transport communication development.
Uzbekistan's foreign trade turnover with the Organization of Turkic States' member countries has grown by 25% over the past five years, reaching $10 billion last year. Since the beginning of the year, over 500 new enterprises with capital from member states have been established in Uzbekistan, totaling 4,000. Investment inflow from the member states into Uzbekistan's economy has surpassed $5 billion in the last three years.
Several proposals were put forward to further expand multilateral economic cooperation within the Organization. Key proposals include fully digitizing trade and freight transport procedures, establishing a "Single Window" system, creating "green" corridors, ensuring efficient customs operations, and encouraging mutual investments with financial support mechanisms.
There are also significant prospects for developing and diversifying global logistics chains and transport corridors, forming a unified transit network, establishing a Council of Railway Administrations headquartered in Uzbekistan, and adopting the "Turkic Movement to 'Green' Energy" Concept to boost clean electricity production within the Organization's member states.
On the meeting's sidelines, Laziz Kudratov engaged in detailed discussions with his counterparts from other countries, examining the current and future state of cooperation both within the Organization and bilaterally. Specific steps for ongoing collaboration were outlined, including advancing initiatives proposed by Uzbekistan.