From energy corridors to AI: Can the Turkic world become a new economic force?

By Nadira Tudor Published on 15/06/2026 - 17:05 GMT+2 Share Comments Add Euronews on Google Share Facebook Twitter Flipboard Send Reddit Linkedin Messenger Telegram VK Bluesky Threads Whatsapp Turkic states met in Shusha this weekend to boost competition law, digital cooperation and trade, aiming to align antitrust rules and strengthen regional connectivity. From the Caspian Sea to Central Asia, the countries of the Turkic world are increasingly looking beyond cultural and linguistic ties toward something far more ambitious: deeper economic integration, digital cooperation and strategic connectivity. ADVERTISEMENT ADVERTISEMENT The benefits and advantages of competition dominated the 3rd Meeting of Heads of Competition Authorities of the Organisation of Turkic States (OTS) in Shusha in Azerbaijan and its related competition forum on Saturday. Birol Küle, who serves as President of the Turkish Competition Authority, told the participants that the collective needs to move away from “general theoretical discussions” and towards international cooperation so all can strive. He emphasised that no individual country can achieve what they want alone. The countries want to attract and cultivate new talent and encourage knowledge exchange. Competition policy is a key point, and cross-border collaboration is being developed further as an enabler. "It is now imperative that we leave theoretical studies aside and decisively transition to practical implementation," Küle said. “The enforcement of competition law across the entire geography where these states are located is of utmost importance”, he added. "The Organisation of Turkic States spans a vast geography”, Küle noted, adding that “these countries' desire for development is highly remarkable and valuable”. The event in Shusha brought together delegates from across the South Caucasus and Central Asia, including Turkey, Kazakhstan, Kyrgyzstan and Uzbekistan. What began primarily as a platform for political and cultural cooperation is now placing greater emphasis on trade, transport, energy, investment and emerging technologies. The latest meetings ventured into regional market cooperation, which focused on shaping antitrust policy as a driving force by aligning regional competition regulations. The idea is for this to materialise through institutional coordination by integrating the newly established Competition Council of the Turkic States and cross-border enforcement, which would work closely to develop strategies to prevent monopolistic practices and promote fair trade. The discussion comes at a time when the region is gaining increasing strategic importance. Stretching across Europe, OTS member states sit along some of the world's most important emerging trade and transport routes, including the Middle Corridor linking China, Central Asia, the South Caucasus and Europe. For Azerbaijan in particular, the organisation represents an opportunity to strengthen its role as both an energy supplier and a regional transit hub. Economic cooperation is a central pillar of the organisation's agenda, as Chairman of the State Agency for Antimonopoly and Consumer Market Control under the President of the Republic of Azerbaijan Elnur Baghirov was keen to point out. “The importance of this cooperation lays in the fact that in today's world competition matters may be of the same nature across the different markets so therefore we as Turkic states can face similar challenges in our economies,” Baghirov said. He stressed that it is important to share best practices and address “common challenges” and “work behind resolutions of those issues”. According to the OTS, member states are increasingly exploring joint investment initiatives, trade facilitation measures and infrastructure projects designed to improve regional connectivity and economic resilience. Recent discussions have also focused on digital infrastructure, skills development, and innovation ecosystems that can support future growth. But questions remain about how quickly those ambitions can be translated into practical outcomes. While member states share historical and linguistic ties, they also face different economic realities, regulatory frameworks and geopolitical pressures. The growing focus on technology and AI reflects a wider shift taking place across the region. Last month, leaders at the OTS summit in Turkistan described AI and digital development as strategic priorities for the future of the Turkic world, with plans to strengthen cooperation, improve innovation capacity and prepare a dedicated action plan by the end of the year. Go to accessibility shortcuts Share Comments Add Euronews on Google Read more There is no energy transition — only addition, experts say at Baku Energy Week Southern energy corridors set to dominate supplies to Europe, global leaders say Housing crisis is a matter of governance and not funding, city leaders tell World Urban Forum Forum Turkic States Organisation Azerbaijan