“We want the Turkic Investment Fund among the OTS member states to become operational in the near future," said Vice President of Türkiye Cevdet Yılmaz at the meeting of prime ministers and vice presidents of the member states of the Organization of Turkic States (OTS) held in Baku, APA reports.
He noted that strengthening ties among Turkic states is of strategic importance in the face of global and regional challenges: “We have great potential to cooperate in many areas such as renewable energy, natural gas, electricity networks, and critical minerals. In particular, the Trans-Caspian gas pipeline project will make a significant contribution to the development of our countries, while also strengthening regional energy integration.”
Energy and transit cannot be considered separately. From this perspective, the Trans-Caspian East-West International Transport Corridor, stretching from Central Asia via the Caspian to Türkiye and Europe, stands out as a strategic route that strengthens supply chains, diversifies trade, and enhances connectivity among our countries.
Türkiye is an important stakeholder of this corridor with its strong infrastructure, extensive road and railway network, particularly the Baku-Tbilisi-Kars railway line.
Within the framework of the close interconnection between the development of transport corridors, the simplification of customs procedures, and trade facilitation, it would be beneficial for our relevant institutions to hold joint meetings in these areas, and for private sector representatives to come together to achieve common goals.
