(Baku, Azerbaijan) The 5th meeting of the High Level Working Group on Privatization and Private Sector Development was held in preparation for the 6th Meeting of ECO Heads of Privatization Administrations on 25 October 2018.
The Meeting was attended by the delegations from the Republic of Azerbaijan, the Islamic Republic of Iran, the Republic of Kazakhstan, the Kyrgyz Republic, the Islamic Republic of Pakistan, the Republic of Tajikistan, Turkmenistan and the Republic of Uzbekistan, ECO Chambers of Commerce and Industry (ECO-CCI), Federation of Pakistan Chambers of Commerce and Industry (FPCCI), International Finance Cooperation (IFC), European Union as well as the delegation of ECO Secretariat.
During his inaugural speech, the Deputy Chairman of State Committee on Property Issues of the Republic of Azerbaijan, Rafig Jalilov, called for coherent cooperation among the Member States in the field of state property management and privatization. The ECO Director for Agriculture Industry and Tourism, Memduh Unal, delivered a presentation on the role of Foreign Direct Investment (FDI) in the ECO Region and the Programme Officer of the ECO Secretariat presented a progress report on implementation process of the decisions taken since the last Meeting, as well as the status of ECO activities in the field of Privatization.
During the Meeting the delegates from ECO Member States as well as the representatives from IFC, ECO-CCI and FPCCI discussed the subject which was accompanied by extensive deliberation on overall key issues, Q&A sessions and idea sharing. Member States emphasized on enhancing collective cooperation and coordination in the field of state property management and privatization and discussed the means for enhancing coordination on privatization and intra-regional trade.
At the end of the Meeting, draft report of the 6th Meeting of the ECO Heads of Privatization Administrations and Baku Declaration were prepared for the approval of the subsequent Meeting of ECO Heads of Privatization Administrations.
