The Tashkent International Investment Forum served as the stage for a significant announcement as the International Islamic Trade and Finance Corporation (ITFC) unveiled the Trade Connect Central Asia+ (TCCA+) program. This initiative, launched during a roundtable discussion, brought together ministers, politicians, and representatives from international organizations and financial institutions to explore avenues for unlocking the interregional trade and investment potential in Central Asia.
A notable lineup of speakers participated in the roundtable, including Serdar Jo'rayev, Minister of Finance and Economy of Turkmenistan; Ahurboy Solehzoda, First Deputy Minister of Economic Development and Trade of Tajikistan; and Abdulla Hashimov, Advisor to the Minister of Investment, Industry, and Trade of Uzbekistan. Also present were representatives from Kazakhstan, Kyrgyz Republic, Azerbaijan, and international bodies such as the Islamic Development Bank Group and ESCAP.
Simon Quijano-Evans, Chief Economist of Gemcorp, who moderated the roundtable, extended congratulations on the successful launch of the TCCA+ program, highlighting its significance in fostering economic cooperation in the region.
Hani Salem Sonbol, CEO of ITFC, emphasized the vast production, export potential, and investment attractiveness of Central Asia, with a particular focus on Uzbekistan. Sonbol noted that despite these opportunities, they have not been fully utilized, but the TCCA+ program aims to change that, providing a platform to harness the region's potential fully.
Deputy Foreign Minister of Kazakhstan, Nazira Nurbayeva, shared insights into the concrete steps to be taken within the framework of the TCCA+ program. She underscored the commitment of Uzbekistan and Kazakhstan to further developing economic cooperation, highlighting the substantial growth in mutual trade turnover.
The TCCA+ program, a flagship initiative of ITFC, marks a significant milestone in enhancing economic cooperation and connectivity in Central Asia. With strong political will and collaborative efforts, stakeholders aim to leverage this program to unlock the region's economic potential fully.
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