Recently Turkic Council held its Eighth Summit in Istanbul, Turkey. Some significant developments have taken place during this Summit. The name of the Turkic Council was changed to the Organization of Turkic States. Secondly, Turkmenistan joined this organization as an observer, which is considered to be a significant development. Turkmenistan follows a policy of neutrality and restrains itself from being a member of any regional organization. However, Ashgabat joining Turkic Council as an observer is significant for regional cooperation in Central Asia.