Economic Cooperation Organization
Economic Cooperation Organization
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| Motto: "Sustainable socioeconomic development for the people of the region" | |||||||||||||||||||||||
Member states of the ECO | |||||||||||||||||||||||
| Headquarters | Tehran, Iran | ||||||||||||||||||||||
| Largest metropolis | Karachi | ||||||||||||||||||||||
| Official languages | English | ||||||||||||||||||||||
| Member states | |||||||||||||||||||||||
| Leaders | |||||||||||||||||||||||
| Asad Majeed Khan | |||||||||||||||||||||||
| Area | |||||||||||||||||||||||
• Total | 8,208,600 km2 (3,169,400 sq mi) | ||||||||||||||||||||||
| Population | |||||||||||||||||||||||
• 2023 estimate | 566,800,000 | ||||||||||||||||||||||
• Density | 72/km2 (186.5/sq mi) | ||||||||||||||||||||||
| GDP (PPP) | 2023 estimate | ||||||||||||||||||||||
• Total | US$10 trillion | ||||||||||||||||||||||
• Per capita | US$34,800 | ||||||||||||||||||||||
| GDP (nominal) | 2023 estimate | ||||||||||||||||||||||
• Total | US$3.8 trillion | ||||||||||||||||||||||
• Per capita | US$15,000 | ||||||||||||||||||||||
| HDI (2023) | 0.781 high | ||||||||||||||||||||||
| Currency | |||||||||||||||||||||||
| Time zone | UTC+2 to +5 | ||||||||||||||||||||||
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Website www | |||||||||||||||||||||||
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The Economic Cooperation Organization or ECO is a Eurasian political and economic intergovernmental organization that was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter. The objective is to establish a single market for goods and services, much like the European Union. After the dissolution of the Soviet Union, the ECO expanded to include Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in 1992.
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. Similar to ASEAN, the ECO maintains dedicated secretariats and administrative bodies to coordinate trade among its member states. Regional initiatives include cross-border agricultural collaboration across the historically integrated Fergana Valley between Kyrgyzstan, Tajikistan, and Uzbekistan, as well as multimodal transit via the Ashgabat Agreement and the Afghanistan–Pakistan Transit Trade Agreement. Bilateral initiatives also focus on regional energy corridors, including the Tabriz–Ankara pipeline and proposed projects such as the TAPI and Iran–Pakistan gas pipeline, intended to move Central Asian energy to industrial hubs across Iran, Pakistan, and Turkey.
The ECO's Secretariat and ECO Cultural Institute are based in Iran, the ECO Trade and Development Bank and ECO Educational Institute are located in Turkey, and the ECO Science Foundation is in Pakistan.