Photo: uza.uz
Tashkent hosted an international conference bringing together analytical centers from member countries of the Organization of Turkic States.
It was attended by representatives of 16 national analytical centers from Uzbekistan, Türkiye, Azerbaijan, Kazakhstan, Kyrgyzstan, and Hungary, The Caspian Post reports citing Uzbek media.The current state of trade-economic relations was analyzed, and plans for the future were outlined.
It was noted that the total population of the Turkic countries exceeds 175 million people. By the end of 2024, domestic trade between the Organization of Turkic States member countries accounted for almost seven percent of the total trade turnover. The Turkic countries are collectively the third largest energy supplier in the world, which gives the region additional strategic advantages. Energy resources include proven reserves of 19.9 trillion cubic meters of natural gas, 38.2 billion barrels of oil, and 42 billion tons of coal.
The participants stressed the need for joint efforts to eliminate institutional and logistical barriers, develop infrastructure, and digitalize trade. As an active participant in the OTS, Uzbekistan has confirmed its readiness to strengthen economic ties by offering a competitive industrial base, growing export potential, and stable macroeconomic policy.
At the conference, memoranda of cooperation were signed between the Turkic Academy, the Center for Economic Research and Reforms, the Eurasian Research Institute, the Competition Policy and Consumer Rights Research Center under the Competition Promotion and Consumer Protection Committee, the Institute of Economic Research, and the Khoja Akhmet Yassawi International Kazakh-Turkish University. This will contribute to deepening integration and further expanding mutual trade.
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