The importance of the development of economic partnership in the ECO space and beyond is highlighted
At the 15th Summit of the Economic Cooperation Organization, held on November 28, 2021, the Heads of State and Government of the participating countries reflected their vision of the ECO's work and highlighted the unique geo-economic role of the ECO, which has a positive effect on regional cooperation.
In his speech, President of Turkmenistan Gurbanguly Berdimuhamedov highlighted the essence of interaction between the ECO Member States, united geographically, historically, as well as traditional customs and values. “Our peoples here have centuries-old traditions, valuable experience has been accumulated, which requires its revival, use and enrichment, taking into account modern realities,” President Gurbanguly Berdimuhamedov noted.
He made a special emphasis on the further intensification of trade and economic relations between the countries of this format, which is aimed at increasing the volume and diversification of trade. “In this regard, I consider it expedient to think about creating, on the principles of public-private partnership, specialized ECO business platforms, each of which, in its own direction, could purposefully work in the interests of developing and expanding trade relations between our countries,” the Head of Turkmenistan emphasized.
The idea of creating effective mechanisms to ensure stable and dynamic growth of trade and investment partnerships has been put forward. In this regard, the expediency of establishing various forms of cooperation in such segments as the production of industrial goods, agriculture, and the service sector was emphasized. In this context, the Head of state highlighted the importance of economic interaction with the use of high, primarily digital technologies, and the widespread use of electronic trading platforms.
Stating the importance of enhancing cooperation in medicine and health care, the President of Turkmenistan noted the advisability of establishing, within the framework of the ECO, systemic channels for the exchange of experience, methods and best practices in the field of combating dangerous infectious diseases. “Economic cooperation in the ECO space should be accompanied by the expansion of interaction in the cultural and humanitarian sphere,” said President Gurbanguly Berdimuhamedov.