Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.
The parallel event, the Turkic World Business Forum, also unfolds in Istanbul, further underscoring the commitment to fostering economic ties and cooperation among the participating nations.
The meeting convenes high-ranking officials, including economy and trade ministers, deputy ministers, and experts, from various Turkic states. Together, they will engage in constructive dialogues addressing a wide array of topics outlined on the meeting's agenda.
Among the prominent subjects up for discussion are:
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Work Plan of the Trade Facilitation Committee: The meeting will chart the work plan of the Trade Facilitation Committee of the Organisation of Turkic States for 2023-2024. This plan will lay the foundation for facilitating trade among the OTS Member States, promoting seamless commerce and economic integration.
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Roadmap for "Free Trade Agreement on Services and Investments": The meeting will explore the roadmap for concluding the "Free Trade Agreement on Services and Investments" among the OTS Member States, a landmark agreement aimed at enhancing investment and service trade within the Turkic region.
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Draft "Partnership Agreement on Digital Economy": Discussions will revolve around the draft "Partnership Agreement on Digital Economy" among the OTS Member States, acknowledging the pivotal role of digitalization in modern economies.
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Implementation of "Turkic Trade Houses": The ministers will assess the progress and prospects of the "Turkic Trade Houses" project in the OTS Member States, an initiative designed to bolster trade and commercial activities among the participating nations.
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Concept Note Establishing the Turan Special Economic Zone - "TURANSEZ": Deliberations will also include the concept note for establishing the Turan Special Economic Zone - "TURANSEZ," a forward-looking endeavor to promote economic development and cooperation.
Following these critical discussions, the participants will issue a joint statement outlining their shared commitments and initiatives.
The forum's program is set to feature keynote speeches by the participating Ministers and will encompass various sessions and B2B meetings aimed at facilitating valuable business interactions and partnerships.
The International Trade Council commends the Organization of Turkic States for its unwavering dedication to fostering economic cooperation and trade among Turkic nations. The Council recognizes the significance of these deliberations in advancing regional and international economic objectives.
