Economic Cooperation Organization (ECO)

Makale

Dr. Sohrab SHAHABI

ECO Deputy Secretary General

Presentation's Content

  1. Overview and brief history of ECO
  2. ECO as An Established & Active Organization
  3. ECO main Programmes/ Projects
  4. ECO Region Potentials
  5. Conclusion & Prospect of ECO

1. Overview & Brief history

  1. Overview

Full Title: Economic Cooperation Organization (ECO) Date of Formation: 1985 Financial Source: Members' contributions Headquarter: Tehran, Islamic Republic of Iran

Mandate: ECO is an inter-governmental regional cooperation devoted to the sustainable socio-economic growth of its ten member states.

 

  1. Member States
  1. Islamic Republic of Afghanistan,
  2. Republic of Azerbaijan,
  3. Islamic Republic of Iran,
  4. Republic of Kazakhstan,
  5. Kyrgyz Republic,
  6. Islamic Republic of Pakistan,
  7. Republic of Tajikistan,
  8. Republic of Turkey,
  9. Turkmenistan
  10. Republic of Uzbekistan
  1. Brief History
  • Established in 1985.
  • Successor of the Regional Cooperation for Development (RCD) (1964­1979).
  • Expansion (joining new members): 28 November 1992 (ECO Day)
  1. Basic Documents
  • Treaty of Izmir (14 Sep., 1996)
  • Quetta Plan of Action (Feb. 1993)
  • Istanbul Declaration on Long-Term Perspectives of ECO (July 1993)
  • Economic Cooperation Strategy for the ECO region (May 1996)
  • ECO Vision 2015 (October 2005)

•  23 MoU with international organization, latest on 9th May 2007 with UN/ISDR.

2. ECO as An Established & Active Organization

  1. ECO Secretariat

" working since 1997 with centralized budget & around 40 professional staff from almost all of its member states.

" CPR which is working as important decision making body and meets at least once a month. Since 1997, it has had 123 sessions.

  1. ECO evolves joint projects/programmes of mutual benefits at the

regional level through its Six Directorates as below:

  • Trade and Investment
  • Transport and Communications
  • Energy, Minerals, Environment
  • Industry, Agriculture and Tourism

• Human Resource and Sustainable Development " Drug Control Coordination Unit (DCCU)

  • Project and Economic Research & Statistics
  1. in order to promote cooperation among member states, ECO has

organized

  • average of 30-35 events annually.
  • 9 summit meetings since 1992.

  • 16 meetings of Council of Ministers (COM) since 1991
  • 17 Regional Planning Council.
  • 22 Sectoral Ministerial Meetings

2.4. ECO Regional & Specialized Institutions

  • ECO Chamber of Commerce and Industry
  • ECO Trade and Development Bank (ETDB)
  • ECO Reinsurance Company
  • ECO Consultancy and Engineering Company (ECOCEC)
  • ECO College of Insurance
  • ECO Cultural Institute (ECI)
  • ECO Science Foundation
  • ECO Educational Institute

3. ECO Main Programmes/Projects (1/3)

  1. Trade

ECO Trade Agreement (ECOTA) Fast Track Approach to ECOTA

ECO Trade and Development Bank (ECO-TDB) www.etdb.org ECO Reinsurance Company

ECO Vision 2015 on trade: to increase intra-regional trade from 6% to 20% and to move towards establishment of a Free Trade Area in the ECO Re­gion.

3. ECO Main Programmes/Projects (2/3)

  1. Transportation

ECO Transit Transport Framework Agreement (TTFA) Completion of missing links of roads and railways Mashhad- Sarakhs-Tajan railway 1996. Almaty-Tehran-Istanbul passenger & container train, 2002.

  1. Energy

Interconnection of Power Systems in the ECO region 3. ECO Main Programmes/Projects (3/3)

  1. Agriculture

Regional Programme for Food Security (RPSF)

3.5. ECO Participation in Reconstruction of Afghanistan

ECO meetings in Afghanistan

The Second ECO Regional Trade and Investment Conference (April

2004)

Afghanistan is going to host 17th COM meeting in 2007

ECO Special Fund for Reconstruction of Afghanistan

"Construction of Deh Mazang Public Park and rehabilitation of Kabul

Zoo

Financing of three other project (in the process of being selected)

Utilization of ECO Feasibility Study Fund for feasibility studies of the priority projects of Afghanistan

4. ECO Region Potentials'

  1. Important and strategic geography
  2. Great market: total population - about 387 million (6.0 % of the total World Population); total labour force - 130 million (4.5 % of the total World Labour Force)
  3. Dynamic and skilled population, deep-rooted historical and cultural af­finities
  4. Total area - around 8 million sq. km. (about the twice the size of Euro­pean Union) (occupying 6.12 % of the total World Land Mass)
  5. Growing economies relatively more than world average:

l Total GDP of the region: 770.6 billion US$ (2005) which made up 1/7 of World GDP

l Average GDP growth rate: 6.2 % (2000-2004); 7.6 % (2005) and around 6% for 2006-2007 (estimation) compared to 4.9 % of World GDP growth rate l GDP per capita of the region is around 1993US$ (2005)

  1. Enormous resources of oil (7.4 % of World), gas (9.2 % of World), mi­neral resources, Precious metals, hydro-electric power (3.3 % of World) and cotton (40 % of total world)

7.   Broad potential for trade, investment and developing tourism

Total imports - 213.2 billion US$ (2005)

Total exports - 192.1 billion US$ (2005)

Intra-regional trade - 28.3 billion US$ (2004)

Intra-trade ratio 6.9 (2005) compared to 6.0 percent in 2004

Total FDI - 17.4 billion US$.

 
   

 

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