Efforts to Establish the Turkish Green Finance Council Accelerated

In a social media post, Bolat shared key insights from the meeting and highlighted the strategic importance of member countries, particularly in terms of trade and energy routes located along the Middle Corridor, which connects Europe and Asia.

Strategic Importance of OTS Member States

Minister Bolat emphasized the significant political, economic, and commercial potential of the OTS member states, stating: “With their strategic location along key trade and energy corridors, the member countries of the Organization of Turkic States continue to enhance their cooperation across a wide range of sectors, including economy, trade, transportation, energy, technology, and defense industries. This collective initiative is further solidifying our shared vision and potential.”

Strengthening Cooperation through Key Agreements

Bolat also touched upon the agreements signed during the meeting, aimed at bolstering the legal and contractual framework between the member states. The communiqué issued at the conclusion of the meeting outlined several key areas for future cooperation.

“We have finalized the negotiations for the Digital Economy Partnership Agreement (DEPA) and will continue our efforts towards finalizing the Agreement on Trade in Services and Investments. Additionally, we have adopted the Action Plan for the Trade Facilitation Committee and prioritized accelerating the establishment of the Turkish Green Finance Council,” Bolat explained.

Boosting Economic Power through Implementation

Bolat expressed his confidence that the decisions taken during the meeting would significantly contribute to deepening cooperation between the member states. He stated: “By implementing the decisions we have made, we will add strength to our collective power, enabling us to achieve even greater success. The meeting marks an important milestone in reinforcing the shared economic and financial infrastructure of the OTS member countries.”

The accelerated efforts to establish the Turkish Green Finance Council come at a time when green finance is increasingly recognized as a critical tool in addressing climate change and fostering sustainable economic growth. The Council is expected to play a pivotal role in promoting environmentally sustainable projects, green investments, and responsible financing practices within the region.

By fostering such initiatives, OTS members aim to lead the way in building sustainable economies that are resilient to the challenges posed by environmental risks while capitalizing on new opportunities in the green finance sector. The upcoming steps will likely focus on aligning regulatory frameworks, developing green financial instruments, and facilitating cross-border collaboration in sustainable finance.

Kaynak: Industrial News Agency