Turkiye and Kyrgyzstan agree on a protocol for a Joint Economic Commission
In a significant move to bolster their bilateral relations, Turkey and Kyrgyzstan signed the 12th Term Joint Economic Commission (JEC) Protocol in Bishkek, the capital of Kyrgyzstan. The signing ceremony was attended by Cevdet Yılmaz, Vice President of Turkey, and Adylbek Kasymaliev, Chairman of the Kyrgyz Cabinet of Ministers.
During the meeting, both parties discussed all aspects of economic and trade relations between the two countries. Yılmaz stated that they aim to meet the trade volume targets of $2 billion in the short term and $5 billion in the medium term, as set by the Presidents of Turkey and Kyrgyzstan. These targets are expected to be met at the sixth meeting of the High-Level Strategic Cooperation Council in Bishkek in 2024.
Turkey, which is the country's fifth-largest direct investor, with more than 2,000 Turkish companies operating in Kyrgyzstan, has invested approximately $2 billion in the Central Asian nation. Turkish contracting companies have implemented 95 projects in Kyrgyzstan, totaling approximately $1 billion.
Yılmaz also mentioned that they will undertake joint efforts to establish industrial parks in Kyrgyzstan. The JEC Protocol covers areas such as trade relations, industry, energy, transportation, agriculture, education, healthcare, and culture. In the field of technology, joint efforts will be undertaken.
Beyond economic matters, both leaders evaluated future steps in areas of strong cooperation and potential, such as healthcare, education, energy, industry, culture, and tourism. The new 77-article action plan within the JEC Protocol is a testament to their commitment to deepening these ties.
Interestingly, the Turkish company known as the second largest direct investor in Kyrgyzstan and operating at least 2,000 Turkish companies there was not named in the provided search results. This underscores the extensive and diverse nature of Turkish investment in Kyrgyzstan.
As Turkey and Kyrgyzstan continue to strengthen their economic ties, the future looks promising for both nations. With ambitious trade targets and a comprehensive action plan in place, the two countries are poised to deepen their partnership in various sectors, from technology to culture, and from healthcare to tourism.
Read also:
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
- Unveiling Innovation in Propulsion: A Deep Dive into the Advantages and Obstacles of Magnetic Engines
