Kazakhstan's trade with OTS countries rises 40% to nearly $10bn, Tokayev says

President Kassym-Jomart Tokayev said at the 13th Organization of Turkic States (OTS) Summit in Ankara that Kazakhstan's trade turnover with OTS member states had risen 40 percent compared to last year, reaching nearly 10 billion US dollars. The remarks were reported by the Qazinform News Agency, citing the Akorda press service.

Tokayev said the Alley of the Turkic World, inaugurated at the initiative of Turkish President Recep Tayyip Erdoğan, would become a symbol of the countries' enduring brotherhood. He warned that the deteriorating geopolitical situation, including tensions in the Middle East and the confrontation around the Strait of Hormuz, was having a negative impact on global trade, transport and logistics chains. He also said Kazakhstan strongly condemned attacks by the Houthi armed movement against Saudi Arabia.

To sustain this growth, Tokayev called for effective implementation of the Turkic World Vision 2040 program and faster adoption of the OTS Strategy for 2027-2031. He said the draft strategy covers trade, investment, finance, industry, agriculture, digital technologies and education. He also called for fuller use of the Turkic Investment Fund, backed a stronger role for the Turkic Chamber of Commerce and Industry, and proposed holding a business forum in Kazakhstan in 2027.