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Kazakhstan, Azerbaijan strengthen position as key economic hubs of OTS - political analyst

Economy Materials 6 November 2024 17:58 (UTC +04:00)
Kazakhstan, Azerbaijan strengthen position as key economic hubs of OTS - political analyst
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, November 6. Kazakhstan and Azerbaijan emerge as key hubs for logistics, energy, and business within the Organization of Turkic States (OTS), said Damir Belgibaev, an analyst with the Kazakhstan Institute of Public Development, in an interview with Trend.

Belgibaev praised the progress in cooperation between Kazakhstan and Azerbaijan, noting substantial advancements in energy, trade, and transport logistics. According to him, the Trans-Caspian International Transport Route through Azerbaijan connects Kazakhstan to European markets, while routes through Kazakhstan provide Azerbaijan with access to Central Asia and China.

"The development of transport corridors and expanding trade ties will deepen cooperation even further," Belgibaev commented, adding that initiatives like joint logistics projects, a shared investment fund, and partnerships in agriculture and tourism could strengthen bilateral relations.

The analyst also emphasized the strategic importance of the upcoming OTS summit in Bishkek for Kazakhstan, noting that the event enhances the country's role in Central Asia and fosters regional economic cooperation.

As Central Asia’s largest economy with considerable transit potential, Kazakhstan aims to strengthen its ties with other OTS member states. Belgibaev suggested that Kazakhstan can play a leading role in promoting regional peace and stability and actively support integration efforts within the OTS.

"Economically, Kazakhstan is focused on expanding export markets and developing logistics infrastructure through the OTS," he noted. Belgibaev added that Kazakhstan's expertise in renewable energy and digitalization could also offer valuable insights for other member countries.

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