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Turkey -Iran - Pakistan ECO FREE TRADE ZONE

Discussion in 'Pakistan Economy' started by AZADPAKISTAN2009, Dec 25, 2010.



    Sep 8, 2009
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    ECO Free Trade Area 2015: Turkey, Iran Pakistan solidify ties

    ECO Free Trade Area 2015: Turkey, Iran Pakistan solidify ties | Pakistan Patriot

    Posted on 24 December 2010

    Recep Tayyip Erdoğan, Prime Minister of Turkey...
    Premier Erdogan has become one of the most popular leaders in the Muslim world

    The Turkish newspapers are all excited about the ECO. The Hurriyat Daily News blares the headlines “Leaders share visions of prosperity, cooperation at Istanbul summit” and captures the sentiments of most Pakistanis.

    The new ECO Free Trade Area will change the dynamics of Asia, and bring together separated brothers. Almost all the countries represented in the ECO have share common banners.The crescendo of colors on the national flags represent the new emerging powers of Asia. Turkey is the leading the economic front, while Pakistan is the Nuclear and missile power. Iran and the former CARs are energy rich. All are getting links by roads and rails. This movement is similar to the European integration. First economic and them political. The ECO represents the hopes and the vision of the countries whose populations are young and energetic. In fact Pakistan has one of the youngest populations in the world–full of energy and hope. The transformation of the region has already begun. With the US leaving Afghanistan, all the countries are cooperating to increase trade among themselves.

    * President Asif Ali Zardari said on Thursday that Pakistan was well positioned to provide trade and communication corridors through its territory and ports to its friends and partners.
    * “Turkey has evolved from an ordinary wing country of the Cold War era toward a central country determining its position on its own,”
    * Iran’s solidify ties between the lands of the ancient Silk Road and establish a free-trade zone among the countries by 2015.
    * Pakistan has taken a crucial role because it is Pakistan it can provide links to the CARs to the warm waters of the Arabian Sea.
    * Pakistan was represented by President Asif Ali Zardari at the ECO summit, which was also attended by Afghan President Hamid Karzai, President of Azerbaijan Ilham Aliyev, Iran’s President Mahmoud Ahmadinejad, Kazakh PM Karim Massimov, Kyrgyz President Roza Otunbayeva, Tajikistan President Emomali Rehmon, vice president of Turkmenistan Tuvakmammed Caparov and Uzbek Ambassador to Turkey Ulfat Kadirov.

    Iran’s newly designated caretaker foreign minister, Ali Akbar Salehi, made his first diplomatic appearance at the 11th summit of the Economic Cooperation Organization, or ECO. He joined other envoys and heads of state for a gathering meant to solidify ties between the lands of the ancient Silk Road and establish a free-trade zone among the countries by 2015.

    * “We are ready to provide energy as a bridge and develop win-win scenarios,” the president said while addressing the 11th summit of the Economic Coordination Organisation (ECO). He said the Iran-Pakistan gas pipeline and TAPI gas pipeline projects should be seen in that context. He described development as a strategic priority and told the ECO member states that infrastructure and energy connectivity in the region should be one of the key goals.
    * Zardari said that trade was possible only if there were infrastructural linkages and integrated border arrangements for trade facilitation. He added that one of the major achievements of the ECO was the enforcement of the Transit Transport Framework Agreement (TTFA). The president said that the Islamabad-Tehran-Istanbul train service and ECO Truck Caravan were commendable successes.
    * He said, “Pakistan remains deeply committed to the aims and objectives of the ECO. The ECO brings us together to renew our partnership for comprehensive regional development and prosperity,” he said, adding, “Our region is blessed with enormous resources and we have vast human capital. We have huge natural resources, including hydrocarbons, minerals, agriculture and technology.” President Zardari as reported in the Daily Times.
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