In Astana the first meeting of ministers of economies of the Council of collaboration of Turkic-speaking countries

/IRBIS, October 14, 2011/ - In Astana on October 13 in anticipation of 11th Summit of Heads of Turkic-speaking states the first meeting of the economies of the Cooperation Council of Turkic speaking states was held, the press service of the Ministry of Economic Development and Trade of the Republic of Kazakhstan reports. As noted, the first meeting of economic ministers attended by Ministers and Deputy Ministers of the Republic of Kazakhstan, Azerbaijan, Kyrgyz Republic and Turkey. During the meeting they discussed issues of improving the investment climate, increase economic diversification, development of transport corridors and business stated in the message. "The close economic integration between nations contributes to the creation of larger markets for domestic producers and consumers, ensuring growth by reducing barriers to the movement of goods and services, capital and labor," - was stated in the message. According to the Secretary-General of the General Secretariat of the Cooperation Council of Turkic states Akyndzhy Khalil, the first meeting of economic ministers of Turkic states will provide an opportunity to discuss the prospects of economic relations between countries and to develop common positions on the further deepening of cooperation on the eve of this important event, the report said. At the same time, as noted, to support the economic integration of Turkic-speaking countries, it's necessary to improve transport links between the countries. "The development of transport corridors will not only give a significant boost to trade between countries, but also entail a huge multiplier effect in terms of reducing the costs of goods and services, growth in agriculture, engineering, mining sectors, and many other sectors of the economy", - was noted at the meeting. Following the meeting, signed a communique of the first meeting of economic ministers of the Cooperation Council of Turkic speaking states was signed, the report said. [2011-10-14]