The nature of the ECO is that it consists of predominantly Muslim-majority states as it is a trade bloc for the Central Asian states connected to the Mediterranean through Turkey, to the Persian Gulf via Iran, and to the Arabian sea via Pakistan. The Trilateral Interim Committee in its various meetings reviewed the relevant issues such as the development of the business plan and signing of the Articles of Agreement already finalized by a group of Experts from the three founding member countries.[18]. To the contrary, an opportunity is created for such a consultation mechanism. Nevertheless, this particularity of the ECO does not constitute an obstacle for an exchange of view on actual or global political problems during summit meetings or meetings of the council of ministers. As far as this particularity of the ECO is concerned, it is possible to compare it with the European Union. The official names of the organization are: The Council of Ministers (COM) is the highest policy and decision-making body and is composed of the various Ministers of Foreign Affairs or such other representatives of the ministerial rank as may be designated by the respective governments. In the Millenium Goals of the World Summit held in 2005, a special importance is attached to regional organizations. The results of the works of EPG, as of 2013, will furnish basic elements of a new Vision Document. Most importantly, the member states are lacking appropriate infrastructure and institutions which the Organization is primarily seeking to develop, to make full use of the available resources in the region and provide sustainable development for the member nations. The current framework of the ECO expresses itself mostly in the form of bilateral agreements and arbitration mechanisms between individual and fully sovereign member states. As far as Turkey is concerned, the Turkish Government attaches importance to a well functioning, efficient and dynamic ECO. This evaluation will be considered in the preparation of the new ECO Vision Document. By the fall of 1992, the ECO expanded to include seven new members; Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. In these conferences, views, assessments and expectations of the member countries would be presented . According to the Turkish view a successful and active ECO would best serve the interests of all the member states. This makes the ECO similar to ASEAN in that it is an organisation that has its own offices and bureaucracy for implementation of trade amongst sovereign member states. The Organization of Regional Cooperation for Development or with its acronym the RCD was founded in 1964 by Iran, Pakistan and Turkey, with the aim of promoting economic integration and technical and cultural cooperation among member states, in order to raise their living standards and to conribute to their efforts of economic development. Pakistan plans to diversify its source of oil and gas supplies towards the Central Asian states including petroleum import contracts with Azerbaijan. Nevertheless, in the first place, it is important that all member countries sign ECO Trade Agreement and implement it. The ECO's secretariat and cul [5] Likewise the Pakistan-Turkey Free Trade Agreement is due to be signed[dubious – discuss]. THE IMPORTANCE OF THE ECONOMIC COOPERATION ORGANIZATION (ECO), AVİM Blog Kuralları / AVİM Blog Terms of Use, MEETING OF ECO ( ECONOMIC COOPERATION ORGANIZATION ) COUNCIL OF MINISTERS, MEETING OF ECO (ECONOMIC COOPERATION ORGANIZATION) COUNCIL OF MINISTERS, EKONOMİK İŞBİRLİĞİ TEŞKİLATI (EİT) KONSEYİ BAKANLARI TOPLANTISI, ERMENİSTAN'DA KOÇARİ TÜRKÜSÜ EŞLİĞİNDE HORON TEPEN PROTESTOCULAR SARKİSYAN'I ALT ETTİ, VIOLATIONS OF INTERNATIONAL LAW IN KARABAKH, Uluslararası Suçlar ve Tarih / International Crimes and History. This proposal was included in the Final Declaration of the Summit Meeting. The ECO is an ad hoc organisation under the United Nations Charter. Turkey did not only propose the establishment of the EPG, but also provided the necessary financing. The Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization which was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. In his opening remarks, the Union minister told the meeting that the coronavirus pandemic has brought about a profound transformation globally, emphasising the importance of like-minded countries coordinating responses to the various challenges. They called for a coordinated response to the challenges including financial problems emanating from the pandemic, said the ministry of external affairs in a statement.
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