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03.07.2019 г.

Common language and not only that: why did the ministers of economy of the countries-members of the Turkic Council gather in Nur-Sultan

The ninth meeting of ministers of economy of the countries-members of the Turkic Council was held on July 3 in Nur-Sultan within the framework of Astana Finance Days.

The event was attended by Deputy Minister of Economy of the Republic of Azerbaijan Sahib Mamedov, Deputy Minister of Economy of the Kyrgyz Republic Eldar Abakirov, Deputy Minister of Trade of the Republic of Turkey Riza Tuna Turagay and the Secretariat of the Turkic Council. Hungary was represented at the meeting by the Chargé d'affaires of the Embassy of Hungary in the Republic of Kazakhstan Roads Shandor. High-ranking government officials and representatives of the embassies of the Turkic Council member states also participated.

During the meeting, moderated by the Secretary General of the Turkic Council Baghdad Amreev, the heads of delegations reviewed the draft agreement on the establishment of the Turkic Investment Fund, issues related to the newly created Turkic Chamber of Commerce and other issues.

This meeting of ministers of economy of Turkic-speaking states provided an opportunity to discuss the prospects of economic relations between the countries, and also focused on developing a common position on further deepening cooperation, which were considered during the Summit of Heads of State of the CCTS.

As Baghdad Amreyev noted in his opening speech, this is already the ninth meeting organized by the countries of the CCTS and which is a good opportunity for the Turkic-speaking states to strengthen political, trade and economic ties.

“I consider it important that the work of our meeting allowed us to lay a solid foundation for further partnership,” B. Amreyev added.

“The cooperation of the Turkic-speaking states becomes a real platform for a strategic partnership between the countries of the CCTS. Our partnership in various areas of economic cooperation is based primarily on mutually beneficial trust. Based on a pragmatic approach, I would like to encourage the participants to continue working to strengthen economic stability and harmonize the integration processes in the region. Relying on the historical ties of good-neighborliness and fraternal relations between our peoples, we are able to achieve a high level of well-being in the future on the basis of the Council’s dialogue platform” said Deputy Minister of National Economy Zhaslan Madiev at the meeting.

For reference: The meetings of the ministers of the economy of the CCTS are held on an annual basis, the agenda of which negotiations include a discussion of the issues of improving the investment climate, increasing economic diversification, promoting trade and entrepreneurship.

The agreement on the establishment of a Cooperation Council of Turkic-speaking states (CCTS or Turkic Council) was signed on October 3, 2009 in the city of Nakhchivan (Azerbaijan Republic) at the IX Summit of Heads of Turkic-speaking states.

The members of the CCTS are currently Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey, with Hungary as an observer. The functions of monitoring the implementation of the decisions of the CCTS Summits, as well as the preparation and holding of meetings at the highest, high and expert levels are entrusted to the Secretariat of the organization with headquarters in Istanbul (Turkey).

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