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Istanbul hosted a regular meeting of Foreign Ministers of the Turkic Council

Deputy Prime Minister - Minister of Foreign Affairs of Kazakhstan Mukhtar Tleuberdi participated in the meeting of Foreign Ministers of the Cooperation Council of Turkic Speaking States (CCTS), which took place on the eve of the VIII Summit of the Turkic Council.

The annual meetings of Foreign Ministers address substantive and organizational issues to prepare the meetings and decisions of the heads of states of the Turkic Council. During the current meeting, the Ministers agreed on the draft agenda and final documents, which are to be signed and approved at the upcoming meeting of the Council of Heads of States.

Following the meeting, the Foreign Ministers adopted and signed a number of documents, including on the activities and financial issues of the Secretariat of the Turkic Council, the position of the Council of Elders of the CCTS, awarding certain statuses to the cities of the Turkic world etc.

Furthermore, on the sidelines of the event, a conference was organized on trade and economic cooperation between the Republic of Turkey and the Turkic-speaking states on the topic “Shared vision in the year of the 30th anniversary of independence.”

The conference highlighted the current trends in the world economy and the prospects for the development of trade between the Turkic-speaking countries, as well as the issues of improving the investment environment.

The Kazakhstan side presented the TURANSEZ Special Economic Zone, which is being created in the spiritual capital of the Turkic world in Turkestan city. This zone was initiated by the President of the Republic of Kazakhstan Kassym-Jomart Tokayev during the informal Turkestan Summit of the CCTS this spring.

So, during the panel session, the Chair of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Ardak Zebeshev briefed the conference participants on the possibilities of doing business in Kazakhstan, the government support provided by the Government to foreign entrepreneurs as part of implementing investment projects, and also presented the investment potential of our country.  

“Over the years of Independence, over $ 370 billion of direct foreign investments have been attracted to the economy of Kazakhstan. During this time, Kazakhstan has undertaken a number of large-scale reforms, adopted the necessary amendments to the Tax, Business and Customs Codes, which contributes to the systematic diversification of the economy and the creation of favorable conditions for successful business. Having studied the international experience, today Kazakhstan offers all-round support to potential investors: providing in-kind grants, exemption from taxes and customs duties, etc.” - said the Head of Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan.

It should be noted that Turkey is one of the strategic partners of the Republic of Kazakhstan. Following the results of the last 6 months, a record amount of investments worth about $390 million was attracted from Turkey to Kazakhstan.

Today, among the leading Turkish holdings that have invested in Kazakhstan are «Yildiz Holding», «Yildirim Holding», «YDA Holding», «Abdi Ibrahim», «Aselsan», «Anadolu Endustri Holding», «Borusan Holding», «TAV Havalimanlari Holding», «Ulkar Holding» и «Okan Holding», etc. These projects cover such sectors as light industry, mechanical engineering, pharmaceuticals, agro-industrial complex, mining and metallurgical complex, infrastructure, etc.

For reference: The Cooperation Council of Turkic-Speaking States was established on the initiative of the First President of the Republic of Kazakhstan - Elbasy Nursultan Nazarbayev in 2009 in Nakhychevan (Azerbaijan). The Secretariat of the Turkic Council is located in Istanbul (Turkey). Following the results of the 7th Summit, the number of members of the Council, after joining Uzbekistan, reached five (Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan). Turkmenistan participates for the first time as an observer state of the CCTS.