The Council on Green Finance, the Central Banks Council, and the establishment of the Special Economic Zone "TURAN": what initiatives is Kazakhstan promoting at the Turkic States Organization meeting

The Council on Green Finance, the Central Banks Council, and the establishment of the Special Economic Zone "TURAN": what initiatives is Kazakhstan promoting at the Turkic States Organization meeting

16.11.2024 18:06:07 2387

The 13th meeting of the Ministers of Economy and Trade from the member states of the Turkic States Organization took place in Bishkek. The meeting was attended by Kazakhstan's Deputy Prime Minister and Minister of National Economy, Nurlan Baibazarov, along with delegations from Azerbaijan, Turkey, Kyrgyzstan, Uzbekistan, and Hungary.
The primary agenda of the meeting centered around fortifying collaborative efforts and advancing economic development among the member states of the Organization of Turkic States.
The Vice Prime Minister emphasized that Kazakhstan places significant importance on the advancement of Turkic integration and consistently welcomes initiatives and constructive proposals from fraternal states.
"The Turkic Investment Fund established within the framework of the Turkic States Organization (TSO) reflects our collective ambition to enhance economic and investment cooperation, implement joint investment projects, and attract capital, technologies, and talent for the dynamic growth and prosperity of our nations," stated Nurlan Baibazarov in his address.
All ministers from the TSO member states endorsed Kazakhstan's initiatives to establish a Council on Green Finance and a Council of Central (National) Banks of the member states.
The subsequent gathering of the ministers of economy and trade is scheduled to occur in Turkestan, where the inauguration of the "TURAN" special economic zone is anticipated—yet another initiative from Kazakhstan that has garnered unanimous support from all member states of the TSO.
For reference: The Cooperation Council of Turkic-Speaking States was established on October 3, 2009. In 2021, the Council was transformed into the Turkic States Organization.
As of the end of August 2024, the indicators of mutual trade between Kazakhstan and the countries of the Organization amounted to $7.2 billion.
In 2024, the Turkic Investment Fund was established within the framework of the Organization of Turkic States, marking the first joint financial institution aimed at fostering economic integration among Turkic nations.
Turkic integration encompasses a wide array of cooperation, ranging from transit and transport issues to economics, ecology, science, education, arts, tourism, sports, and extending to humanitarian block.
The organization currently consists of 5 member States and 2 observer States.
Member States: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan. Observer States: Hungary, Turkmenistan.

Source : https://www.gov.kz/memleket/entities/economy/press/news/details/867935