OTS members consider unified competition standards for foreign investors

Member states of the Organisation of Turkic States (OTS) are exploring the introduction of common competition standards for foreign investors, as part of efforts to deepen economic integration across the bloc.

According to OTS Deputy Secretary-General Merey Mukazhan, the proposal is being examined as a potential long-term framework to harmonise investment conditions among member countries, Caliber.Az reports via local media.

Speaking in Shusha, Mukazhan said the initiative was among the organisation’s key future priorities, alongside broader steps to strengthen investment cooperation.

He noted that the launch of the Turkic Investment Fund, with an initial capital of $600 million, had already marked a significant step forward in regional economic collaboration and had intensified discussions on aligning investment environments.

Given the geographic spread of OTS members and the differences in their economic and legal systems, Mukazhan said any harmonisation process would need to be implemented gradually and in stages.