16:17 - 14.02.2025

---

February 14, Fineko/abc.az. The Turkic world, with the population of 107 million people and territory of 4.5 million sq km, creates extensive trade and investment opportunities. Its combined GDP exceeds $4.3 trillion, and the region is the third largest energy supplier in the world.

ABC.AZ reports that Kubanychbek Omuraliyev, Secretary General of the Organization of Turkic States (OTS), said about this during his speech at the event "Turkic Investment Fund and the Union of Turkic Chambers of Commerce & Industry (TCCI): information meeting and B2B for business leaders".

According to Omuraliyev, the Middle Corridor is of strategic importance as a major trade route between East and West.

"This corridor is 2,000 km shorter than the Northern Corridor and delivers goods from China to Europe 3-fold faster than sea transport. The China-Kyrgyzstan-Uzbekistan railway project will reduce the distance to the markets of the Middle East and Europe by 900 km and increase the annual capacity to 12-15 million tons. The Digital Economy Partnership Agreement (DEPA) was signed at the 11th Summit of the Organization of Turkic States and is currently in the process of ratification. This agreement will increase trust in digital transactions between the members of the Group. One of the key priorities is also the completion of work on a free trade agreement in the field of services and investments. This step will increase trade turnover and investment opportunities between the member countries," he stressed.