In order to discuss ways and means to enhance cooperation among ECO and its Member States, on 4th July 2017 the ECO Secretary General Ambassador Halil Ibrahim Akca called on, H.E. Mohammad-Reza Nematzadeh, the Minister for Industry, Mine and Trade of the Islamic Republic of Iran.
In his welcoming remarks, the Honourable Minister underscored the importance and vast potential of regional cooperation and assured ECO Secretary General of his cooperation in expediting the efforts for constructive engagement to enhance intra-regional trade for economic development of the Region. He further assured that his team would look at the various options for early operationalization of tariff concessions under ECOTA. He also emphasized on the importance of banking and other trade-support services for enhancing intra-regional trade and stressed that increased regional cooperation in the banking sector will decrease transaction costs leading to decreased costs of doing business for the private sector.
The ECO Secretary General also extended an invitation to the Minister to attend the 5th ECO Ministerial Meeting of Commerce and Foreign Trade to be held in the Islamic Republic of Pakistan during the second half of 2017.