Tokayev: CICA Finance Summit to become permanent platform

Kazakh President Kassym-Jomart Tokayev took the initiative to transform the Finance Summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) into a permanent platform, Report informs referring to the Kazakh media.

“I propose to transform the CICA Finance Summit into a permanent platform. The Finance Summit was initiated by the People’s Republic of China to enhance cooperation between the CICA member states in the field of finance. The transformation of the Financial Summit will contribute to economic recovery, sustainable and inclusive development, and the creation of favorable conditions for regional and subregional financial cooperation as part of the meeting,” Tokayev said.

In addition, Tokayev noted that the CICA countries should form new transit and transport corridors.

“I consider it timely the decision to establish the CICA Council on Sustainable Interconnection. The gaps in global supply chains are forcing us to take a fresh look at the formation of efficient transit and transport corridors. Convenient and affordable ways of transporting goods are an important factor in the sustainable growth of our economies. It is important to focus on the implementation of transit transport potential by developing diversified routes for communication and delivery of goods,” he said.