Turkey: Setting the Standard for OTS Trade
The trade landscape among Turkic states has witnessed significant growth, with Turkey emerging as a leading player in this arena. In recent years, the country has solidified its position as the largest and most economically prosperous member of the OTS (Organization of Turkic States), showcasing a remarkable doubling of trade with other Turkic states since 2015. In fact, its trade volume reached an impressive $12.6bn just last year.
Astana, the capital city of Kazakhstan, stands as a tangible testament to Turkey’s influence and prowess in this domain. The majority of construction projects in Astana have been undertaken by Turkish contractors, highlighting not only Turkey’s economic impact but also its active involvement in shaping infrastructure and development within fellow Turkic nations.
The increase in trade activity between Turkey and other Turkic states is indicative of a broader trend that emphasizes collaboration and mutual economic growth within the region. As these countries continue to strengthen their ties through enhanced trade relations, there is potential for even greater advancements across various sectors.
It is clear that Turkey’s proactive approach to fostering partnerships with fellow OTS members has yielded substantial benefits for all involved parties. This proactive approach sets a commendable precedent for other nations within the organization to emulate.
With these promising developments on the horizon, it is evident that Turkey’s unwavering commitment to advancing economic cooperation among OTS countries will serve as a catalyst for sustained progress throughout the region.
The post Reunited: Turkey and Central Asia Forge New Partnership first appeared on Asia News.
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Author : Jean-Pierre CHALLOT
Publish date : 2024-09-26 23:11:39
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