The Azerbaijani National Assembly approved the draft law on admission of Agreement to establish the Turkish Investment Fund, Tuesday.
Bill focuses on Establishment of a joint fund between Türkiye, Azerbaijan, Kazakhstan, Uzbekistan and Kyrgyzstan.
Once you receive the invoice official consent of Azerbaijani President Ilham Aliyev enters effect.
In its initial stage, the capital of the fund will be $500 million. Istanbul was chosen as the central hub for management of this fund.
the organization of The Turkic States (OTS) signed the incorporation agreement for set up Fund to promote economic integration among members countries in He walks.
“the signature of Founding Agreement of It was the Turkish Investment Fund one of concrete achievements of “Our summit,” Erdogan said. in televised address.
“I think the Turkish Investment Fund will contribute to economic integration in Turkish world president noted.
Previously called Turkish Board, OTC is it international organization It includes the prominent independent Turkish countries that work Together to raise ties and union among them.
Besides Turkey, its members consist of Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan. In addition, the EU countries Hungary, Turkmenistan and the Turkish Republic of Northern Cyprus (TRNC) has observer condition.
