Islamabad: President Dr. Arif Alvi will conduct an official visit to Turkmenistan on November 28 to attend the 15th Economic Cooperation Organization (ECO) conference in Ashgabat.
President Gurbanguly Berdimuhamedov of Turkmenistan will preside over the meeting. The summit’s theme is ‘Together Into the Future.’ The summit will examine the organization’s work and approve the ‘Ashgabat Consensus for Action,’ according to the Foreign Office (FO).
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According to the plans, President Alvi will speak at the summit’s plenary session and hold bilateral discussions with attending leaders on the sidelines.
The Economic Cooperation Organization (ECO) is a regional economic trade and development organisation founded in 1985 by Pakistan, Iran, and Turkey. The three nations were previously members of the Regional Cooperation for Development (RCD), which was founded in 1964. The ECO grew to include Azerbaijan, Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzstan, and Kazakhstan in 1992, with Afghanistan joining later.
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The ECO region is bordered by China, Europe, Russia, and the Gulf States. It has a population of 6.3 percent of the world’s population, contributes more than 2% of global trade, and accounts for roughly 3% of global GDP. Intra-region commerce accounts for 8% of total trade, with the EU, China, and the United States being the region’s key trading partners.
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