Prime Minister Imran Khan will be opening the 14th Summit of the Economic Cooperation Organization (ECO) to be held virtually on Thursday.
According to the details, the theme of the Summit is “Regional Economic Cooperation in the Aftermath of COVID-19. Turkish President Recep Tayyip Erdogan will Chair the 14th Summit.
Sharing Pakistan’s perspective on COVID-19 challenges, Imran Khan will outline his vision for regional economic development in line with ECO’s founding principles of promotion of trade and connectivity.
ECO which is as a commercial and trade oriented organization, provides a platform that brings Pakistan and the Central and South Asian States together. Pakistan is one of the founding members of ECO, in addition to Iran and Turkey.
The Organization was formed in 1985 from the erstwhile Regional Cooperation for Development. Afghanistan, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan later joined as members of ECO.
As a founding member, Pakistan actively contributes towards advancement of the goals and objectives of ECO and remains strongly committed to its aims of promotion of effective regional cooperation, with focus on communications, trade, culture and connectivity.
The Foreign Office in this regard said that Pakistan remained strongly committed to ECO for promotion of effective regional cooperation, with focus on communications, trade, culture and connectivity.
“Pakistan has been actively contributing towards advancement of the goals and objectives of ECO, including regional economic integration,” the statement by FO added.
The ECO, in its 36 years of existence has had little success to its account due to lack of political commitment of member states, absence of complementarities among regional economies, trade and non-trade barriers and inadequate transport linkages.
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