Cooperation with economic organizations

  • Created 01.10.2012 11:15
  • Updated 07.11.2017 10:51
  • Published 01.10.2012 11:15

The Cooperation Council of Turkic Speaking States (CCTS)

General Information: The resolution on establishing of The Cooperation Council of Turkic Speaking States (CCTS) was affirmed at the 10th "Summits of the Heads of Turkic Speaking States" held in Istanbul in 2009. The Business Council of Turkic-Speaking States was established in 2011. The Republic of Azerbaijan is represented by National Confederation of Entrepreneurs (Employers') Organizations of the Republic of Azerbaijan in Business Council.

Member Countries: Azerbaijan, Turkey, Kazakhstan, Kyrgyzstan.
Objectives: The major objection of the Council is to create a new common-turk union for strengthening of nations' union speaking same language and living in similar condition, enlarging social and economic relations.

Cooperation with Azerbaijan: Summit of the Cooperation Council of the Turkic Speaking States was held and first meeting of ministers of Economy in Kazakhstan in 2011, the Final document of the first Summit of CCTC -Almaty declaration was signed. The document defined the agreed position of Turkic speaking countries on number of international and regional issues and directions of cooperation on economic, cultural and humanitarian areas. As a result of the meeting of the ministers of economy, taking measure were decided on increasing of investment conditions among Turkic speaking states, extending of cooperation on economic area, further developing of transport corridor, strengthening of entrepreneurs.
The meetings of the Working Group on economy of CCTS and the meetings of economy ministers of the member states are held twice a year and once a year, respectively.
The suggestions on improvement economic relations among the member states and the problems faced by the countries in the economic sphere are discussed in the meetings.
On 27 June, 2013, the next meeting of the Working Groups was held in Istanbul and the next meeting of the Ministers of Economy was organized on 28 June.
The third Summit of CCTS will be organized in Gabala on 15-16 August, 2013.

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