PM Imran Khan addresses the 14th Summit of the Economic Cooperation Organization

14th Summit of the Economic Cooperation Organization

The 14th Summit of the Economic Cooperation Organization (ECO) was held
virtually on 4 March 2021.

The theme of the Summit

“Regional Economic Cooperation in the Aftermath of Covid-19"

PM Imran Khan virtually addresses the 14th Summit of the ECO

What is Economic Cooperation Organization?

ECO is the successor organization of Regional Cooperation for Development (RCD), founded in 1964, which ended activities in 1979.

ECO is an Asian political and economic intergovernmental organization and was founded In 1985 in Tehran by the three Asian Islamic countries Iran, Pakistan, and Turkey.It is an ad hoc
organization under the United Nations Charter.

Purpose of Economic Cooperation Organization

The purpose of ECO is to establish a organization much like the European Union to establish a single market for goods and services. It will provide a platform for discussing different ways to improve
development and promote trade and investment opportunities among the member countries.

ECO's Offices

The ECO's offices are in three member countries.

The ECO's secretariat and cultural department is located in Iran,

Its economic bureau is in Turkey

Its scientific bureau is situated in Pakistan.

New Members of ECO

In 1992, the ECO expanded to include seven new members; Now the total members are as following

Afghanistan