BAKU, Azerbaijan, April 7. The gross domestic
product (GDP) of the Organization of Turkic States (OTS) exceeds
$2.1 trillion, and the share of the Turkic states in the global
economy is about 2%, the Chairman of the TURKPA Commission for
Economic Cooperation, Kazakh MP Anas Bakkojayev said at the 13th
meeting of the commission on the topic "Realities and prospects for
the implementation of joint economic activities of the TURKPA
Member States" today, Trend reports.
He noted that the volume of mutual trade between the Turkic
states is approximately $57 billion. The total volume of foreign
trade of the Turkic states is $1.1 trillion.
The MP emphasized that there are various beneficial effects that
contribute to economic development between the countries. The
identification of areas is based on the systematic establishment of
bilateral and multilateral economic cooperation:
"In this framework, the development of economic cooperation
leads to the expansion of mutually beneficial economic and trade
relations. It's important to form a legal framework for economic
relations. Various organizations are being created to strengthen
mutual relations between the Turkic states. Concrete projects are
being implemented to strengthen economic activities," he
explained.
Bakkojayev added that these processes serve to further
strengthen economic ties in the Turkic world, deepen ties, and
accelerate overall development.
"The main goal is to promote joint activities between countries,
more effectively reveal economic potential, and expand cooperation.
In particular, coordination of such activities and study of
existing issues among member states are of great importance.
The work done in this direction will have a positive impact on
the development of our countries. Expanding cooperation in various
fields will ensure the sustainability of this process," he
concluded.
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