Economic Cooperation Organization (ECO)
1985-01-27 Teheran Iran Islamic Rep
27-29 Jan 1985, Teheran (Iran Islamic Rep), by Iran, Pakistan and Turkey, as successor organization to H-XH0290 - Regional Cooperation for Development (RCD), which had been set up 21 Jul 1964, Ankara (Turkey), and existed until 1979. The Organization was subsequently restructured and reviewed under its present name. The basic Charter of the Organization, Treaty of Izmir, originally signed 12 Mar 1977 at Izmir (Turkey), was amended accordingly following Ministerial Conference, Jun 1990, Islamabad (Pakistan), becoming operational on 11 Jan 1991 and providing a legal basis to the new Organization. Expanded, Nov 1992, to include 7 new members: Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The 6th Meeting of ECO Council of Ministers, May 1996, Ashgabat (Turkmenistan), approved the new organizational set-up and functional methodology; and the Foreign Ministers of member countries signed the revised Treaty of Izmir on 14 Sep 1996, Izmir (Turkey), at an Extraordinary Meeting of ECO Council of Ministers. The Council of Ministers also approved an Implementation Plan on Reorganization and Restructuring for the Secretariat of ECO.
Stimulate: sustainable economic development of Member States; progressive removal of trade barriers and promotion of intra-regional trade; greater role of ECO region in the growth of world trade; gradual integration of Member States' economies in world economy; development of transport and communications infrastructure linking Member States with each other and with the outside world; economic liberalization and privatization; mobilization and utilization of ECO region's material resources; effective utilization of agricultural and industrial potentials of ECO region; regional cooperation for drug abuse control, ecological and environmental protection and strengthening of historical and cultural ties among the peoples of the ECO region; mutually beneficial cooperation with regional and international organizations.
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Summit Meeting of Heads of State/Government (at least every 2 years). Council of Ministers (COM), meeting at least annually in rotation among Member States, consists of Ministers of Foreign Affairs or other representatives of full ministerial rank. Council of Permanent Representatives (CPR), comprising Permanent Representatives/Ambassadors accredited to ECO. Regional Planning Council (RPC), meeting at least once a year prior to annual meeting of the Council of Ministers, comprises heads of planning organizations of member states and/or such other representatives of corresponding authority as may be nominated by their governments. General Secretariat, consisting of 6 Directorates, headed by Secretary-General and his Deputies. Specialized Agencies (3): E-XE2846 - ECO Cultural Institute (ECI); E-XJ6732 - ECO Educational Institute (ECOEI); E-XE2847 - ECO Science Foundation (ECOSF). Regional institutions (5): E-XE2094 - ECO Chamber of Commerce and Industry (ECO-CCI); H-XE2093 - ECO College of Insurance (ECOI); K-XE2841 - ECO Consultancy and Engineering Company (ECO-CEC); F-XF4134 - ECO Reinsurance Company; F-XF4135 - Economic Cooperation Organization Trade and Development Bank (ETDB).
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Subjects *Available with paid subscription only.
UN Sustainable Development Goals **
UIA Org ID
** UN SDGs are linked to the subject classification.
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