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Iran Urges Better Transportation to Boost Trade among ECO Members

Service : Economy
TEHRAN, June 30 (ICANA) – Iranian Minister of Road and Urban Development Ali Nikzad underlined the key role of transportation infrastructures in the expansion of trade ties among the Economic Cooperation Organization (ECO) member states, and urged members of the regional grouping to promote their efforts and possibilities in this area.
Thursday, June 30, 2011 7:35:19 PM
Iran Urges Better Transportation to Boost Trade among ECO Members

Nikzad, heading an economic-political delegation, is in Ashgabat, Turkmenistan, to take part in the 8th meeting of the road and transportation ministers of ECO member states.

Addressing the meeting on Wednesday, Nikzad said that Iran with 192,000 km of road infrastructures, including 11,000 km of highways and 12,000 km of railway, plays a significant role in the growth of trade inside the ECO region, specially in those countries that have no sea transportation.

He further urged the member states to enhance their efforts to develop their road and transportation infrastructures, which he described as a precondition for the economic growth of the grouping.

ECO is an intergovernmental regional organization established in 1985 by Iran, Pakistan and Turkey for the purpose of promoting economic, technical and cultural cooperation among the member states.

In 1992, the Organization was expanded to include seven new members, namely: Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

In recent years the member states have been collaborating to accelerate the pace of regional development through their common endeavors. Besides shared cultural and historic affinities, they have been able to use the existing infrastructural and business links to further fortify their resolve to transfer their hopes and aspirations into a tangible reality.

ECO has embarked on several projects in priority sectors of its cooperation, including energy, trade, transportation, agriculture and drug-control.

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