Economic Cooperation Organization

  • logo of economic cooperation organization azerbaijani: İqtisadi Əməkdaşlıq təşkilatı dari: سازمان همکاری اقتصادی kazakh: Экономикалық ынтымақтастық ұйымы kyrgyz: Экономикалык Кызматташтык Уюму pashto: د اقتصادي او همکاريو سازمان persian: سازمان همکاری اقتصادی russian: Организация экономического сотрудничества tajik: Ташкилоти ҳамкории иқтисодӣ turkish: ekonomik İşbirliği teşkilatı turkmen: ykdysady hyzmatdaşlyk guramasy urdu: اقتصادی تعاون تنظیم uzbek: iqtisodiy hamkorlik tashkiloti uzbek cyrillic: Иқтисодий Ҳамкорлик Ташкилоти
    logo
    motto: "sustainable socioeconomic development for the people of the region"
    member states of the eco
    member states of the eco
    headquarterstehran, iran
    official languagesenglish
    demonym(s)asian
    member states
    leaders
    • secretary general
    hadi soleimanpour [1]
    area
    • total
    7,937,197 km2 (3,064,569 sq mi) (6th)
    • water (%)
    6.8
    population
    • 2018 estimate
    488,405,949 (3rd)
    • density
    60/km2 (155.4/sq mi)
    gdp (ppp)2018 estimate
    • total
    us $6.3 trillion[2] (4th)
    • per capita
    us $13,000
    gdp (nominal)2018 estimate
    • total
    us $1.8 trillion (10th)
    • per capita
    us $4,000
    currency
    time zoneutc+2 to +5
    calling code
    website
    www.eco.int

    the economic cooperation organization or eco is an asian political and economic intergovernmental organization which was founded in 1985 in tehran by the leaders of iran, pakistan, and turkey. it provides a platform to discuss ways to improve development and promote trade and investment opportunities. the eco is an ad hoc organisation under the united nations charter.[3] the objective is to establish a single market for goods and services, much like the european union.[4] the eco's secretariat and cultural department are located in iran, its economic bureau is in turkey and its scientific bureau is situated in pakistan.

    the nature of the eco is that it consists of predominantly muslim-majority states as it is a trade bloc for the central asian states connected to the mediterranean through turkey, to the persian gulf via iran, and to the arabian sea via pakistan. the current framework of the eco expresses itself mostly in the form of bilateral agreements and arbitration mechanisms between individual and fully sovereign member states. this makes the eco similar to asean in that it is an organisation that has its own offices and bureaucracy for implementation of trade amongst sovereign member states.

    this consists of the historically integrated agricultural region of the ferghana valley which allows for trade and common agricultural production in the border region of kyrgyzstan, tajikistan, uzbekistan and turkmenistan. free trade agreements between the industrial nations of iran and turkey are due to be signed[dubious ] in 2017.[5] likewise the pakistan-turkey free trade agreement is due to be signed[dubious ].[6] pakistan has free trade agreements with both afghanistan and iran which are signed and are in the process of implementation, and currently most of afghanistan trade is through pakistan. and the afghanistan-pakistan transit trade agreement is designed to facilitate trade for goods and services for central asia via both afghanistan and pakistan.[7] this is in addition to the ashgabat agreement which is a multi-modal transport agreement between the central asian states.[8]

    further cooperation amongst members is planned in the form of the iran–pakistan gas pipeline, as well as a turkmenistan–afghanistan–pakistan pipeline. current pipelines include the tabriz–ankara pipeline in addition to the planned persian pipeline. this is in addition to the transportation of oil and gas from resource rich central asian states such as kazakshtan and turkmenistan of minerals and agriculture that complements the industrialisation underway in iran, pakistan and turkey. pakistan plans to diversify its source of oil and gas supplies towards the central asian states including petroleum import contracts with azerbaijan.[9]

  • history
  • official names
  • objectives & principles of cooperation
  • membership
  • structure
  • activities
  • summits and general secretaries
  • regional institutions & agencies
  • relationship with other organizations
  • leaders of eco member states, as of 2020
  • see also
  • references
  • external links

Logo of Economic Cooperation Organization Azerbaijani: İqtisadi Əməkdaşlıq Təşkilatı Dari: سازمان همکاری اقتصادی Kazakh: Экономикалық ынтымақтастық ұйымы Kyrgyz: Экономикалык Кызматташтык Уюму Pashto: د اقتصادي او همکاريو سازمان Persian: سازمان همکاری اقتصادی Russian: Организация экономического сотрудничества Tajik: Ташкилоти ҳамкории иқтисодӣ Turkish: Ekonomik İşbirliği Teşkilatı Turkmen: Ykdysady Hyzmatdaşlyk Guramasy Urdu: اقتصادی تعاون تنظیم Uzbek: Iqtisodiy Hamkorlik Tashkiloti Uzbek Cyrillic: Иқтисодий Ҳамкорлик Ташкилоти
Logo
Motto: "Sustainable socioeconomic development for the people of the region"
Member states of the ECO
Member states of the ECO
HeadquartersTehran, Iran
Official languagesEnglish
Demonym(s)Asian
Member states
Leaders
Hadi Soleimanpour [1]
Area
• Total
7,937,197 km2 (3,064,569 sq mi) (6th)
• Water (%)
6.8
Population
• 2018 estimate
488,405,949 (3rd)
• Density
60/km2 (155.4/sq mi)
GDP (PPP)2018 estimate
• Total
US $6.3 trillion[2] (4th)
• Per capita
US $13,000
GDP (nominal)2018 estimate
• Total
US $1.8 trillion (10th)
• Per capita
US $4,000
Currency
Time zoneUTC+2 to +5
Calling code

The Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization which was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter.[3] The objective is to establish a single market for goods and services, much like the European Union.[4] The ECO's secretariat and cultural department are located in Iran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.

The nature of the ECO is that it consists of predominantly Muslim-majority states as it is a trade bloc for the Central Asian states connected to the Mediterranean through Turkey, to the Persian Gulf via Iran, and to the Arabian sea via Pakistan. The current framework of the ECO expresses itself mostly in the form of bilateral agreements and arbitration mechanisms between individual and fully sovereign member states. This makes the ECO similar to ASEAN in that it is an organisation that has its own offices and bureaucracy for implementation of trade amongst sovereign member states.

This consists of the historically integrated agricultural region of the Ferghana Valley which allows for trade and common agricultural production in the border region of Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan. Free trade agreements between the industrial nations of Iran and Turkey are due to be signed[dubious ] in 2017.[5] Likewise the Pakistan-Turkey Free Trade Agreement is due to be signed[dubious ].[6] Pakistan has free trade agreements with both Afghanistan and Iran which are signed and are in the process of implementation, and currently most of Afghanistan trade is through Pakistan. And the Afghanistan-Pakistan Transit Trade Agreement is designed to facilitate trade for goods and services for Central Asia via both Afghanistan and Pakistan.[7] This is in addition to the Ashgabat agreement which is a multi-modal transport agreement between the Central Asian states.[8]

Further cooperation amongst members is planned in the form of the Iran–Pakistan gas pipeline, as well as a Turkmenistan–Afghanistan–Pakistan pipeline. Current pipelines include the Tabriz–Ankara pipeline in addition to the planned Persian Pipeline. This is in addition to the transportation of oil and gas from resource rich Central Asian states such as Kazakshtan and Turkmenistan of minerals and agriculture that complements the industrialisation underway in Iran, Pakistan and Turkey. Pakistan plans to diversify its source of oil and gas supplies towards the Central Asian states including petroleum import contracts with Azerbaijan.[9]

Other Languages
oʻzbekcha/ўзбекча: Iqtisodiy hamkorlik tashkiloti