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Central Asian and Middle Eastern Countries Step Up Cooperation

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04.12.2021

On November 28, the 15th Summit of the Leaders of the Economic Cooperation Organization (ECO) Member-States was held in Ashgabat, the capital of Turkmenistan, with the participation of the heads of state and governments of Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey and Uzbekistan, the countries that are members of the organization.

The ECO summit agenda included further expansion of multifaceted cooperation within the organization in such priority areas as trade, investment, “green” economy and innovation, digital technologies, transport, logistics, tourism, etc.

The Organization for Economic Cooperation (ECO) is a regional interstate economic body established in 1985 by the Central Asian and Middle Eastern countries. It is the legal successor of the Organization for Regional Cooperation for Development operating on the basis of the Izmir Treaty signed by the three founding countries — Iran, Pakistan and Turkey on March 12, 1977. It was later joined by Kazakhstan, Azerbaijan, Afghanistan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

As President of Turkmenistan Gurbanguly Berdimuhamedov stressed out in his speech, the development of cooperation in the transport and energy areas is among the most important priorities of the ECO, since these spheres are effectively defining the trends of global economic growth. In keeping with the practical implementation of these initiatives, ECO has proceeded with the large infrastructural projects. The latter include, in particular, building of transmission lines Turkmenistan — Afghanistan — Pakistan, the railway from Turkmenistan to Afghanistan,........

© New Eastern Outlook


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