The Secretariat of the Organization of Turkic States (OTS) convened an online meeting of the sub-working group of the heads of Economic and/or Industrial Zones of the OTS Member States on 17 March 2022.
The meeting was initiated on the recommendation of Heads of State of the Member States at the 8th Summit of the OTS and aimed to create a more favorable conditions for attracting investments and evaluate investment opportunities at the special economic and industrial zones established on the territory of the Member countries.
At the opening session, Secretariat underlined that, establishment of cooperation mechanism on Special Economic Zones (SEZs) and industrial parks under the OTS could be an effective instrument to endorse economic development, to promote industrialization and structural transformation of various types of zones in the Turkic region.
During the meeting Member States made presentations on current development of SEZ in their respective countries, exchanged best experiences and practices on the institutional, legal and regulatory frameworks of Zones, as well as discussed further implementation of key tasks under the "Memorandum of Understanding among the Government Bodies of the Member States of the Organization of Turkic States regarding Information and Experience Sharing in the field of Various Types of Economic Zones". They also held comprehensive negotiations on the project to create "TURANSEZ" special economic zone for Turkic States initiated by Kazakhstan.
«TURANSEZ» to be established in Turkestan region of Kazakhstan involves the formation of an industrial-production cluster (agro-processing, machinery, electrical equipment, tourism and etc) that will provide additional platform for creation joint high-tech ventures and promote mutually beneficial trade and investment relations among Turkic States.
The Parties agreed to explore opportunities for cooperation among SEZs of the OTS Members by carrying out joint activities/programs on exchange of knowledge, experiences and best practices; as well as conducting multilateral consultations and joint studies to further improvement of investment climate and attract investments in SEZs on the basis of mutual benefit.
The meeting was initiated on the recommendation of Heads of State of the Member States at the 8th Summit of the OTS and aimed to create a more favorable conditions for attracting investments and evaluate investment opportunities at the special economic and industrial zones established on the territory of the Member countries.
At the opening session, Secretariat underlined that, establishment of cooperation mechanism on Special Economic Zones (SEZs) and industrial parks under the OTS could be an effective instrument to endorse economic development, to promote industrialization and structural transformation of various types of zones in the Turkic region.
During the meeting Member States made presentations on current development of SEZ in their respective countries, exchanged best experiences and practices on the institutional, legal and regulatory frameworks of Zones, as well as discussed further implementation of key tasks under the "Memorandum of Understanding among the Government Bodies of the Member States of the Organization of Turkic States regarding Information and Experience Sharing in the field of Various Types of Economic Zones". They also held comprehensive negotiations on the project to create "TURANSEZ" special economic zone for Turkic States initiated by Kazakhstan.
«TURANSEZ» to be established in Turkestan region of Kazakhstan involves the formation of an industrial-production cluster (agro-processing, machinery, electrical equipment, tourism and etc) that will provide additional platform for creation joint high-tech ventures and promote mutually beneficial trade and investment relations among Turkic States.
The Parties agreed to explore opportunities for cooperation among SEZs of the OTS Members by carrying out joint activities/programs on exchange of knowledge, experiences and best practices; as well as conducting multilateral consultations and joint studies to further improvement of investment climate and attract investments in SEZs on the basis of mutual benefit.
