The domestic approval process continues in the countries under the “Digital Economy Partnership Agreement among the Governments of the Member States of the Organization of Turkic States”, which aims to develop digital trade among Turkic states. Türkiye became the 3rd country to complete the domestic approval process after Azerbaijan and Uzbekistan.
The “Digital Economy Partnership Agreement among the Governments of the Member States of the Organization of Turkic States” aims to facilitate e-commerce, digital trade services and cross-border data-based economic activities among the members of the Organization of Turkic States (OTS).
Kyrgyzstan and Kazakhstan’s Approval Will Bring It into Force
Türkiye has completed the domestic approval process for the digital trade partnership agreement among OTS members, bringing the bloc closer to a new framework for digital trade and economic integration. The law approving the ratification of the agreement was published in Türkiye’s Official Gazette.
Thus, Türkiye became the third country after Azerbaijan and Uzbekistan to complete the domestic approval process for the agreement. The agreement will enter into force after Kyrgyzstan and Kazakhstan also complete their domestic approval procedures.
What Does the Digital Trade Agreement Promise?
The “Digital Economy Partnership Agreement among the Governments of the Member States of the Organization of Turkic States”, which aims to strengthen digital trade and economic integration among the member countries of the Organization of Turkic States, stands out as a strategic step in terms of digital transformation in the Turkic world. The agreement was signed on November 6, 2024, at the 11th Summit of the Organization of Turkic States in Bishkek, Kyrgyzstan.
The agreement aims to reduce barriers in the fields of e-commerce, digital services and cross-border data-based economic activities. Within this scope, it is aimed to create a more integrated, predictable and common rules-based digital economy framework among the member countries.
The Digital Economy Partnership Agreement is expected to strengthen commercial and technological integration among Turkic states, facilitate businesses’ access to digital markets, encourage the use of innovative technologies and increase regional competitiveness.
The agreement covers many critical topics such as digital trade, paperless trade, electronic transactions, e-invoicing, electronic signatures, electronic payments, express delivery services, logistics, online consumer protection, personal data protection and commercial electronic messages. In addition, it is envisaged to increase cooperation in the integration of small and medium-sized enterprises into the digital economy, financial technologies, cybersecurity and competition policy.
The agreement also contributes to deepening economic cooperation in the Turkic world on the basis of shared values, while paving the way for Turkic states to gain a stronger position in the global process in which digital trade rules are being shaped.