ECO Friend­ship Fo­rum

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Busi­ness lead­ers have estab­lished a new ECO Friend­ship Fo­rum to develop closer trade re­la­tions with the Eco­nomic Co­op­er­a­tion Or­gan­i­sa­tion (ECO) mem­bers and Cen­tral Asian States to over­come the cur­rent eco­nomic cri­sis of the coun­try.

The busi­ness peo­ple felt that in­stead of wast­ing time in other re­gional blocs which are more politi­cised, Pak­istan should move closer to the ECO mem­ber states to re­solve its eco­nomic is­sues and be­come part of a mar­ket of 400 mil­lion peo­ple.

Ac­cord­ing to the found­ing chair­man of the ECO Friend­ship Fo­rum, Mo­ham­mad Fa­rooq Afzal, re­gional blocs like SAARC have not been able to meet the de­sired ob­jec­tives due to po­lit­i­cal dif­fer­ences among the mem­ber states. There­fore, ECO Friend­ship Fo­rum has been estab­lished to vig­or­ously work for pro­mo­tion of close trade re­la­tions be­tween Pak­istan, Afghanistan, Iran, Tur­key and CIS states.

The ECO fo­rum be­lieves that most of the coun­try’s eco­nomic prob­lems would be re­solved through proac­tive trade re­la­tions with ECO mem­ber coun­tries. Along with a roadmap to achieve this goal, the fo­rum aims to or­ga­nize sin­gle coun­try ex­hi­bi­tions and fre­quent ex­changes of trade del­e­ga­tions. The fo­rum has also de­manded the gov­ern­ment’s sup­port in pro­vid­ing in­cen­tives such as freight sub­sidy and lower tar­iffs

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