BAKU, Azerbaijan, October 24. Accelerated
industrial development is among the main priorities of Kyrgyzstan’s
national economic policy, said Bakyt Sydykov, Minister of Economy
and Commerce, Trend reports.
Speaking at the second meeting of ministers of industry,
science, technology, and innovation of the Organization of Turkic
States (OTS) in Baku, he emphasized that Kyrgyzstan’s state
industrial policy aims to ensure sustainable development, increase
the industry’s share in the gross domestic product (GDP), and
strengthen the export potential and competitiveness of industrial
products.
Sydykov emphasized that a large share of Kyrgyzstan’s trade with
the OTS members is made up of goods for industrial use,
underscoring the growing cooperation in this sector. He added that
since the beginning of the year, trade between Kyrgyzstan and OTS
countries has amounted to about $1.7 billion.
According to him, in the last triennium, a plethora of novel
industrial entities within the sectors of machinery, light
manufacturing, and food processing have been instantiated in
Kyrgyzstan.
“Kyrgyzstan is committed to developing joint projects, boosting
mutual investment, and improving the business climate. We are
confident that these efforts will help all our countries achieve
significant progress and move forward with resilience in the face
of global challenges. In this regard, it is important to highlight
the role of the Turkic Investment Fund, whose project initiatives
will help implement industrial projects of mutual importance,”
Sydykov said.
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