Special Economic Zone In Kazakhstan To Be Upgraded For Turkic States
Date
9/14/2023 9:24:01 AM
(MENAFN- Trend News Agency) ASTANA, Kazakhstan, September 14. The countries
of the Organization of Turkic States (OTS) decided to create a
special economic zone (TURAN) in Kazakhstan, said Turkish Trade
Minister Omer Bolat, following the 12th meeting of the OTS
Ministers of Trade and Economy and the 14th meeting of the Working
Group on Economic Cooperation in Istanbul, Trend reports.
"As a result of our ministerial meeting today, we agreed to
introduce new generation tools, such as the signing of the Digital
Economy Partnership Agreement between Member States and the
creation of the TURAN Special Economic Zone, which in turn will
strengthen economic and trade cooperation between our countries,"
he said.
As the head of the Ministry of Trade noted, given the growing
importance of trade in services and investment in the 21st century,
countries are working on the possibility of concluding a "Free
Trade Agreement in Services and Investments".
"Today we demonstrated our intention to begin negotiations on
this agreement as soon as possible," he added.
The creation of the TURAN SEZ will be carried out by
transforming the TURKISTAN special economic zone into a SEZ for
Turkic states on the territory of the Turkestan region of
Kazakhstan. The SEZ will receive a new name - TURAN. Its area will
expand from 3,987 hectares to 4,622 hectares. The increase will
occur due to an increase of 635 hectares of industrial zones. Thus,
after the changes, the SEZ will include six subzones.
MENAFN14092023000187011040ID1107069033
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.