ECO(economic corporation organisation)

Topics: Iran, Afghanistan, Turkic peoples Pages: 4 (1118 words) Published: January 31, 2014
Economic Coorporation Organization

An intergovernmental regional organization that was set up by Iran, Pakistan, and Turkey in 1985. Its purpose was to provide and promote economic, cultural, and technical cooperation throughout Member States. During 1992, the organization had been expanded to also include Islamic Republic of Afghanistan, Republic of Azerbaijan, Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan. The organization is funded by member donations and has been involved in several priority projects including trade, energy, transportation, agriculture, and the control of drugs. Brief history:

The ECO was established in 1985 as a trilateral organization of Iran, Pakistan and Turkey to promote multi dimensional regional cooperation with a view to creating conditions for sustained socioeconomic growth in the Member States.  Its aims and objectives as its modes of operation were identical to those of its forerunner, the Regional Cooperation for Development (RCD) which remained in existence from 1964 to 1979.  Subsequently, the organization was restructured and revived under the present name ECO.

The Treaty of Izmir signed in 1977 as the legal framework for the RCD and later adopted as the basic Charter of ECO was modified to provide a proper legal basis to ECO's transition from RCD at the Ministerial Meeting held in Islamabad in June 1990.The break-up of the former Soviet Union led to the independence of Republics of Central Asia and Caucasus.In their bid to open up to the outside world and as a manifestation of their urge to revive their historic affinities with the peoples of Iran, Pakistan and Turkey, six of these Republics; namely Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan along with Afghanistan sought the membership of ECO and were admitted into the organization.  The participation of these new Members in the activities of the Organization...
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