ASTANA, Kazakhstan, November 3. These days, the Turkic Investment Fund begins its work, President of Uzbekistan Shavkat Mirziyoyev said at the 10th summit of heads of state of the Organization of Turkic States (OTS) in Astana, Trend reports.
"To strengthen industrial cooperation between our states and implement large-scale investment projects in the next stage, we should also intensify efforts to establish the Turkic Development Bank. We are ready to host this financial institution in Tashkent. We fully support practical work on the organization of the Research Center for Trade Cooperation among Turkic states. By effectively utilizing its capabilities, we should jointly implement specific measures to eliminate trade barriers, widely introduce new mechanisms for increasing export and import volumes, and develop e-commerce platforms," he said.
Mirziyoyev emphasized the significance of developing and diversifying global logistics chains and transportation corridors, as well as forming a unified transit network.
"In order to meet the growing demand for freight transportation, we support measures to expand the potential of the Middle Corridor. We are also proponents of developing additional multi-sectoral routes, particularly corridors passing through our countries to reach the markets of China, South Asia, and Europe, as well as the digitization of transportation services. We propose the establishment of a Council of Railway Authorities of our states and suggest locating the headquarters of this structure in our country," added the president of Uzbekistan.
During the 9th Summit of the OTS held in Samarkand on November 11, 2022, the Presidents of Turkic States signed a special decision on the establishment of the Turkic Investment Fund, and according to this decision, Baghdad Amreyev, who has completed his office as the Secretary General of the OTS, was appointed as the President of the Turkic Investment Fund.
The fund will be the first and main joint financial institution established by Turkic States and aims to mobilize the economic potential of Member States of the OTS to strengthen trade and economic cooperation between them and to implement joint projects.
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