Turkic states to map out economic co-op prospects

Turkic-speaking states will outline future areas of economic cooperation by accepting recommendations for the Bishkek summit following a meeting of their economy ministers in Baku on August 14, Azerbaijan's Economic Development Ministry said Friday.

The second such ministerial of the Cooperation Council of Turkic Speaking States (CCTS), which brings together the economy ministers of Azerbaijan, Turkey, Kazakhstan and Kyrgyzstan, as well as representatives of public and private sectors, will discuss the current state and prospects of enhancing cooperation among the countries.

A meeting of the CCTS working groups will be held on August 13-14 to make preparations for the ministerial meeting. Four working groups are active as part of the CCTS to improve the investment climate, economic diversification, and boost development of transport and business.

The first meeting of the CCTS economy ministers was held in the Kazakh capital Astana in October 2011. It was attended by ministers and deputy ministers of Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey.

The CCTS, founded by the four countries, was established in 2009 as an international intergovernmental organization, with the overarching aim of promoting comprehensive cooperation among Turkic-speaking countries.