May, 2024

Arab, Central Asian nations begin political, economic, financial talks in Riyadh

RIYADH- The First Arab Cooperation and Economic Forum with Central Asia and Azerbaijan was inaugurated by Saudi Foreign Minister Prince Saud Al-Faisal on Tuesday(May 13th).

The talks between the two regions reflect the common desire to build upon shared historic, religious and cultural ties, he told attending leading foreign affairs, finance and economic officials in a keynote speech.

Prince Saud Al-Faisal
Prince Saud Al-Faisal

He spoke of a change in international policy-making, whereby nations have drifted from seeking the interests of blocs they subscribe to, and instead, have paid more attention to the sole interests of their nations.
He attributed this to the need to fix one’s own national affairs before thinking of that of the group.

Intervening in the internal affairs of other nations is one of the main reasons of terrorism and separation, he suggested, adding that these nations should be encouraged to be more self-sufficient.

On economic attributes, he said these were available across both and went on to refer to the ancient commercially and culturally significant Silk Road, which linked both regions in addition to others nearby.

The minister urged that communication and cooperation be restored, adding there were bright prospects for this ahead, particularly noting to the cultural and academic side of things.

Saudi Arabia is poised to sign agreements for the encouragement and reciprocal protection of investments with Uzbekistan and Azerbaijan, while talks are ongoing over deals for anti-taxation.

Others on civil aviation with Kyrgyzstan and Turkmenistan also await adoption, with three already signed with Tajikistan, Azerbaijan and Uzbekistan.-KUNA

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