Tashkent, Uzbekistan (UzDaily.com) -- On 5 October, in Tashkent, the Chamber of Commerce and Industry of Uzbekistan held a meeting of the Turkic Business Council and the Turkic Investment and Business Forum.

About 300 representatives of business circles of the member states of the Turkic Council take part in the events, over 200 representatives of ministries and departments, industry associations and entrepreneurs of the republic take part on the Uzbek side.

During his speech, the Secretary General of the Cooperation Council of Turkic Speaking States, Baghdad Amreev, praised the ongoing large-scale transformations in Uzbekistan in the field of state and public construction, liberalization of the economy, improving the business environment and investment climate.

During the meeting, issues of developing trade and economic cooperation between member states and organizations, strengthening regional cooperation in the fields of trade, industry, and entrepreneurship were discussed.

Speakers also praised the potential of the Turkic Council as an effective regional structure that promotes the development of practical cooperation, primarily in such relevant areas as trade, investment, innovation, transport, tourism, in the field of cultural and humanitarian exchange.

Within the framework of the meeting of the Business Council, issues of further development of trade, economic and business cooperation between the states of the Turkic Council were also discussed, focusing countries on inter-regional cooperation, and the main areas of activity of the Turkic Chamber of Commerce were identified.

At the meeting, the parties discussed the issue of the entry of the Chamber of Commerce and Industry of Uzbekistan into the membership of the Turkic Chamber of Commerce (it is planned to sign the corresponding multilateral memorandum at a meeting of members of the Turkic Chamber of Commerce in the framework of the 7th Summit of the Turkic Council in Baku on 14-15 October 2019).

It was noted at the event that Uzbekistan’s membership in the council will help create favorable conditions for trade and investment, simplify customs and transit procedures for the gradual transition to the free movement of goods, capital, services and technologies, and simplify financial and banking operations.

Baghdad Amreyev, Secretary General of the Turkic Council, called the entry of Uzbekistan into the organization a historic event and expressed confidence that this would give an impetus to the Council and strengthen cooperation between Turkic-speaking countries.

On 14 September, Uzbekistan ratified the Nakhichevan agreement on the establishment of a Cooperation Council for Turkic-speaking states and will already participate as a full member in the seventh Summit of the Organization, which will be held in Baku on 15 October.

Cooperation Council of Turkic Speaking States is an international organization uniting modern Turkic states. Its main goal is the development of comprehensive cooperation between them.

Prior to this, four states were members of the council: Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey. Observer status is Hungary. The structure of the organization consists of the Council of Heads of State, the Council of Ministers of Foreign Affairs, the Committee of Senior Officials, the Council of Elders of Turkic-speaking States and the Secretariat, located in Istanbul.

Within the framework of the Business Council, an Investment and Business Forum was also held, in which over 500 participants took part, including the chairmen of the Chambers of Commerce and Industry of the CCTS member states, senior government representatives, entrepreneurs and businessmen of the Turkic Council countries.

It should be noted that this forum is aimed at creating a platform for strengthening business ties between the business circles of the Turkic world, as well as for discussing the prospects of cooperation between Uzbekistan and Turkic-speaking countries in the field of entrepreneurship, trade, investment and tourism.

During the event, the participants were acquainted with the large-scale economic reforms being carried out in Uzbekistan, measures taken to liberalize the economy and the foreign exchange market, improve the business environment, support the business, protect the rights and legitimate interests of small businesses and private entrepreneurship, increase the investment attractiveness of the country’s economy, and the conditions for foreign investors in existing and newly created SEZs.

High-ranking guests emphasized the positive dynamics of economic growth in Uzbekistan, welcomed the efforts of the government of our republic to liberalize various sectors of the economy, create the necessary conditions for foreign investors.

Within the framework of the Investment and Business Forum, a “B2B” meeting was also held with the participation of business circles of Turkic-speaking countries, in which the parties discussed priority areas for the development of cooperation, primarily in the trade, economic and investment spheres, in particular, the production of building materials, pharmaceuticals, agriculture, food , oil and gas, chemical, automotive industry, textiles, mechanical engineering and electrical engineering, tourism and ICT.