The full form of ECO is Economic Cooperation Organization.
The Economic Cooperation Organization (ECO) is a political and economic intergovernmental organization founded in 1985 in Tehran by Iran, Pakistan, and Turkey. It provides a platform to discuss avenues for improvement of cooperation and promote sustainable development for Member States.
Key Aspects of ECO:
- Purpose: To establish a common market for goods and services, similar to the European Union.
- Members: Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan.
- Objectives:
- Removal of trade barriers.
- Development of transport and communications infrastructure.
- Promotion of regional integration.
- Enhanced cooperation in various sectors like energy, agriculture, industry, and tourism.
- Headquarters: Tehran, Iran.
ECO aims to foster sustainable economic development among its member nations by creating a conducive environment for trade, investment, and regional connectivity.
