This was stated by the First Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan Akramjon Nematov at the Forum of Analytical Centers of the Member States of the Organization of Turkic States.

According to the ISRS expert, “In November this year, Uzbekistan will host the next OTS summit, which will play an important role in opening up new prospects for practical cooperation between the countries of the Organization. A landmark event will be the adoption of the OTS Strategy for 2022-2026”.

Akramjon Nematov emphasized that the vision of Uzbekistan in cooperation with the Organization lies in the long-term and comprehensive joint development of the economies of the countries and the large Turkic space.

The trade turnover between the Turkic-speaking countries is $21 billion. The annual growth rate of the industry in the countries of the Organization averages 8-12%, and the share of industry in the structure of GDP is about 24%.

Considering the priority areas of cooperation, first of all, the ISRS Deputy Director believes that it seems important to use the potential to enhance trade relations. To do this, it is necessary to remove trade barriers, expand its structure and product range.

Gayrat Khonnazarov, UzA