A meeting of the heads of the Chambers of Commerce and Industry of the Turkic states took place in Istanbul. According to the Chamber of Commerce and Industry of Kyrgyzstan, the country was represented at the forum by its head Temir Sariev.
The parties discussed steps to develop trade and economic ties between the countries. Work of the Turkic Investment Fund was presented to the heads of the Chambers of Commerce and Industry of the participating countries.
«The main goal of establishing the fund is to develop economic and commercial ties between the Turkic states. The authorized capital of the fund is $ 1 billion. The fund will begin financing large joint projects from January,» the statement says.
The Turkic Investment Fund is the first joint financial institution for the economic integration of the Turkic world. Its goal is to promote the economic development of the member states of the Organization of Turkic States by expanding intraregional trade and supporting economic activity, including:
- Financing projects, in particular projects of small and medium-sized enterprises;
- Support for the creation and modernization of physical and digital infrastructure;
- Support for development projects in areas of mutual interest, including industrial production, transport, agriculture, tourism and the green economy.
The fund’s headquarters are in Istanbul.
