Cholpon-Ata city is hosting the 4th Consultative Meeting of the Heads of Central Asian countries, APA reports citing 24 KG.
According to the President of Kazakhstan, Kassym-Jomart Tokayev, the threat of an impending global recession, largely provoked by sanctions wars and growing protectionism, brings to the fore the issue of accelerated development of regional economic cooperation. With collapsing production and trade supply chains, the trend towards regionalization becomes increasingly apparent.
He believes that Central Asian economic cooperation may well become, if not the main, then at least one of the key sources of growth for the national economies.
The head of the Republic of Kazakhstan added that in order to fully use the economic potential and the advantages of an advantageous geographical position, it is important to establish close cooperation in order to eliminate structural and infrastructural constraints.
He noted that it would be useful to take effective measures to launch a network of border trade and economic hubs that will serve as reference points for a single commodity distribution system of the Central Asian states with the prospect of its further expansion.
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