Azerbaijan proposing Kyrgyzstan to create JV in tourism
By Abdul Kerimkhanov
Azerbaijan is proposing Kyrgyzstan to create a joint venture (JV) in the field of tourism.
This was stated by Azerbaijan’s Deputy Economy Minister Sahib Mammadov during the 8th meeting of economy ministers of the Cooperation Council of Turkic-Speaking States (CCTS) in Bishkek, Kyrgyz media outlets reported.
Speaking about cooperation between the two countries, Mammadov noted a good level of interaction in the agricultural sector.
He stated that in 2017, Azerbaijan invested $18.8 million in the Kyrgyz economy, while Kyrgyzstan invested $2 million in the Azerbaijani economy for the year.
The 8th meeting of CCTS economy ministers is taking place in Bishkek on October 17. Representatives of Azerbaijan, Kazakhstan, Turkey, Hungary and the Secretariat of the Turkic Council are participating in the meeting.
Council members discuss prospects of economic relations between countries, as well as develop a common position on further deepening cooperation, which were considered during the 6th Summit of the CCTS Heads of States September 3, 2018.
On October 16, the 10th meeting of the CCTS Working Group on Economic Cooperation was also held with the participation of experts from the CCTS member countries and the Secretariat of the Turkic Council.
The Council of the Cooperation of Turkic-speaking States is an international organization uniting modern Turkic states, the main purpose of which is to develop comprehensive cooperation between member states.
Turkic Council was created on October 3, 2009 in Nakhchivan. The members of the Council of the Cooperation of Turkic-speaking States are Azerbaijan, Kazakhstan, Uzbekistan, Kyrgyzstan and Turkey.
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