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Turkic states explore opportunities to boost mutual trade

A conference of think tanks from the Organization of Turkic States (OTS) was held in Tashkent, bringing together experts from Kazakhstan, Türkiye, Azerbaijan, Kyrgyzstan, and Hungary.

Delegates discussed regional cooperation and examined how to better utilize the economic potential between member countries, TuraNews.kz reports citing Kazinform.

In 2023, the OTS countries’ total foreign trade reached $850 billion, but only 7% of it occurred between the member states. Experts emphasized the need to remove logistical barriers and adopt digital solutions in trade.

The event concluded with the signing of a cooperation memorandum between OTS think tanks, aiming to deepen integration and expand intra-regional trade.

 

TuraNews

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