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ECONOMICS
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Istanbul hosts inaugural meeting of OTS ministers

26 October 2024 16:20

The 1st meeting of the ministers in charge of science, technology, industry, and innovation of the Organisation of Turkic States (OTS) has kicked off in Istanbul.

A delegation led by Azerbaijani Economy Minister Mikayil Jabbarov is representing Azerbaijan at the event, Caliber.Az reports via local media.

During the meeting, it was suggested that the next gathering be held in Azerbaijan. Additionally, a joint statement outlining the outcomes of the meeting is anticipated to be adopted.

Addressing the event, Minister Jabbarov emphasized the importance of diversifying Azerbaijan's economy.

"One of the key tasks facing our country, which is rich in oil and gas resources, is to channel the revenues from these resources to diversify the economy.

In this regard, the development of non-oil industry and the creation of a favourable ecosystem conducive to this development is the focus of our economic policy. Naturally, our industrialisation policy should be sustainable and to this end, first of all, it should adequately respond to global challenges and trends," Jabbarov said.

Minister Jabbarov shared a post on his X account regarding the OTS meeting.

"During our working visit to Türkiye, we will join colleagues from fellow nations at the 1st meeting of ministers in charge of science, technology, industry and innovation of the Organization of Turkic States. We look forward to identifying fresh opportunities to advance our joint initiatives," the post notes.

By Vafa Guliyeva

Caliber.Az
Views: 180

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