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Sartaj Aziz calls for efforts to transform ECO into an economic block

Sartaj Aziz calls for efforts to transform ECO into an economic block
February 28, 2017
ISLAMABAD (92 News) – Azerbaijan President Ilham Aliyev has on Tuesday arrived in Islamabad to participate in the 13th head of state summit of Economic Cooperation Organization (ECO). Minister of Defense Production Rana Tanveer Hussain and other senior officials received the visiting dignitary upon his arrival at the Nur Khan airbase. The Azerbaijan President was given a 21-gun-salute on his arrival. A smartly turned out contingent of armed forces presented guard of honor to the distinguished guest. National anthems of both the countries were also played on the occasion. Addressing the meeting of Council of Foreign Ministers of Economic Cooperation Organization (ECO) began in Islamabad on Tuesday, Adviser to Prime Minister on Foreign Affairs Sartaj Aziz called for joint efforts to transform ECO into a formidable economic block through full exploitation of its human and material resources. He said that immediate attention should be paid to increase intra-regional trade which is far below the potential and called for implementation of ECO trade agreement in the region. The advisor said that there is need to increase the membership, scope and activities of ECO Trade and Development Bank as well as ECO Re-Insurance Company. He also proposed enhanced cooperation of public and private sectors of member states through ECO Chambers of Commerce and Industry. Aziz also briefed the participants about Pakistan's economic achievements that have restored investors' confidence and said that the government is focusing on creation and improvement of infrastructure and expressed the confidence that China-Pakistan Economic Corridor would galvanize trade opportunities within the region. He asked the ECO countries to use Gwadar and the CPEC for economical trade of their goods to other countries.
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