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ECO Ministerial Meeting Opens in Tehran

Service : Economy
TEHRAN, May 17 (ICANA) – The 21st meeting of the Planning Council of the Economic Cooperation Organization (ECO) kicks off in Tehran with the inaugural speech of Iranian Foreign Minister Ali Akbar Salehi.
Tuesday, May 17, 2011 1:35:54 PM
ECO Ministerial Meeting Opens in Tehran

Ministers and deputies of the 10-nation bloc are attending the three-day event which opened on Tuesday.

Participants are scheduled to discuss plans of the organization over the last year and its timetable for the next year.

The ECO is an intergovernmental regional organization established in 1985 by Iran, Pakistan and Turkey, which provides a platform to promote economic, technical and cultural cooperation among member states.

The organization was expanded in 1992 to include seven new members, namely Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

ECO members intend to establish a single market for goods and services, much like the European Union.

ECO's secretariat and cultural department are located in Tehran while its economic bureau is located in Turkey and its scientific bureau is based in Pakistan.

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