NEWS
NEW HORIZONS OF NATIONAL ECONOMIES
Industrialists and entrepreneurs of Turkmenistan with great enthusiasm and enthusiasm embraced the decisions of the heads of Central Asian states concerning the development of financial systems and trade and economic relations, adopted at the recent Consultative Meeting in the Avaza National Tourist Zone in the Caspian Sea.
At the meeting, the heads of state announced the need to create a five-sided Council of Industrialists and Entrepreneurs of the countries of the region. “A new collegial body will be created to give a systemic and purposeful nature to cooperation between the countries of the region in trade, economic, transport, logistics, energy, and innovation areas,” the Summit's final document says.
“Such a decision in the future will not only simplify business, but also open up new horizons for mutually beneficial cooperation with colleagues from other countries,” says entrepreneur Batyr Avdyev. It is gratifying that in conjunction with this decision, the issues of transport and logistics relations are also raised. Those who deal with business, one way or another, have to deal with the transportation, dispatch of goods by this or that type of transport.
The creation of the Council of Industrialists and Entrepreneurs of the countries of the region is a requirement of the times. Today it is difficult to imagine business development without investments and partnerships. It is worth recognizing that the need for such a step, to one degree or another, is dictated by the pandemic situation in the world. Some forced economic isolation, restriction of transport and transit relations negatively affect the development of the region's economies.
That is why the joint search for ways to overcome temporary difficulties led to the need to create a Council, which at the highest level will make urgent and much-needed decisions that contribute to the growth of the economies of the Central Asian countries.
In addition to the decision to establish the Council, at the Consultative Meeting, the heads of state agreed to use the Astana International Financial Center as a platform connecting the countries of the region and other investors. In addition, the leaders of Central Asia supported the proposal to establish a Regional Center for the Development of Transport and Communication Connectivity under the auspices of the UN. In this matter, it is planned to deepen cooperation in the transport and transit sphere and ensure free and unhindered transit of goods by all modes of transport. What could be more desirable for a business?
Apparently, the use of the platform of the Astana International Financial Center also promises good prospects for businessmen seeking to attract profitable investment projects to their economy.
Here is what the Kazakh businessman Alexander Pirekov, who is familiar with his business activities, reports about this center.
— The Astana International Financial Center (AIFC) plays a key role as a regional center for business and finance, linking the economies of the countries of Central Asia, the Caucasus, the EAEU, Western China, Mongolia, the Middle East and Europe.
To this we can add that the AIFC Management Council includes J. Frenkel (Chairman of JP Morgan Chase Intl.), S. Chakrabarti (President of the EBRD), G. Gref (Chairman of Sberbank of Russia), A. Volozh (CEO of Yandex NV ), B. Hajar (President of the Islamic Development Bank Group) and J. Monaco (Head of the Global Government and Public Sector, Citigroup).
To date, the AIFC Financial Services Regulatory Committee has registered 502 companies from 42 countries of the world as members of the AIFC.
The favorable conditions provided by the AIFC platform, including on the structuring of transactions and the use of the financial platform, have already allowed the AIFC participants to make multimillion-dollar investments in sectors such as the development of financial technologies, construction, agriculture, manufacturing and others.
Today it is quite obvious that the use of the capabilities of the AIFC platform, the Regional Center for the Development of Transport and Communication Connectivity under the auspices of the UN and other regional Programs is an urgent requirement of the times. And from this, the expectations of business representatives are understandable. It is up to the concrete steps to make the plans come true.
"GA" Correspondent