By Russian President
SHUSHA, Azerbaijan, July 2. A memorandum of
understanding on cooperation in joint trade promotion activities
among ECO member states is ready to be signed, the Secretary
General of ECO, Asad M. Khan said, Trend’s Karabakh bureau reports.
He made the announcement during the 6th ECO Business Forum on
鈥淚nvestment and Trade Promotion as a Catalyst for Sustainable
Development in the ECO region.鈥
“The Memorandum of Understanding on Cooperation in Joint Trade
Promotion Activities among ECO Member States has been finalized and
is ready to be signed as early as June 25, 2025. The main objective
of this MoU is to improve coordination and strengthen our joint
efforts to promote intra-regional trade, investment, and
enterprise-to-enterprise interaction,” he said.
He noted that the plan is to increase, through a more structured
and collaborative approach, the recognizability of ECO markets and
create new commercial linkages in the region.
鈥淲e call upon all member states to finalize their internal
procedures as soon as possible and proceed with signing when
ready,鈥 Asad M. Khan said.
The ECO Secretary General also invited Member States to submit
concrete proposals for joint trade promotion activities for 2025
“This is an area where we really need to do more work because
networking opportunities are what we lack in our framework. So,
these initiatives can be compiled into a calendar of ECO joint
trade promotion activities that will be updated annually and serve
as a practical tool for coordination between our national trade
promotion organizations,” he said.
Asad M. Khan also announced that the Agreement on Mutual
Administrative Assistance in Customs Matters among ECO Member
States has been finalized and is open for signature by the
governments.
“This agreement marks an important milestone in our efforts to
formalize and deepen legal cooperation between the customs services
of our member countries. It is now time to proceed to finalize the
internal procedures for signature and ratification so that the
agreement enters into force and becomes fully operational as soon
as possible,” he noted.