Baku (Azerbaijan) hosted several events within the framework of the 10th meeting of the ministers of the economy (trade) of the member states and observers of the Cooperation Council of Turkic Speaking States (Turkic Council).

According to Uzbekistan MIFT, the meeting of the ministers was chaired by the Secretary-General of the Turkic Council Baghdad Amreyev and the Minister of Economy of Azerbaijan Mikayil Jabbarov.

The meeting was also attended by ministers from Kyrgyzstan, Kazakhstan, Uzbekistan, Hungary and Turkey. The delegation of Uzbekistan was represented by the First Deputy Minister of Investments and Foreign Trade Aziz Voitov.

Over the past three years, the trade turnover between the member countries of the Council, despite the coronavirus pandemic, has doubled and reached $6.7 billion in 2020 and amounted to $4.7 billion in the first half of this year.

The participants emphasized the significant untapped potential for the development of trade relations and bringing the trade turnover of Uzbekistan with the partner countries in the Turkic Council to $10 billion in the coming years.

The parties discussed mechanisms for increasing the transport and transit potential of the region and providing access through Central Asia to the main world markets, including China, India, Pakistan and other Asian countries, as well as through Azerbaijan and Turkey to European countries.

Following the meeting, a Memorandum was signed on the exchange of information and experience between various economic zones of the Turkic Council member states, which is aimed at the accelerated development of free economic and special zones in the member states of the Council.

UzA