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Where We Are
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Afghanistan |
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Pakistan |
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Azerbaijan |
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Tajikistan |
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Iran |
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Türkiye |
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Kazakhstan |
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Turkmenistan |
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Kyrgyzstan |
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Uzbekistan |
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ECO Region
The Economic Cooperation Organization (ECO) region consists of 10 member states: Islamic State of Afghanistan, Republic of Azerbaijan, Islamic
Republic of Iran, Republic of Kazakhstan, Kyrgyz Republic, Islamic Republic of Pakistan, Republic of Tajikistan, Republic of Türkiye, Turkmenistan
and Republic of Uzbekistan.
The ECO region is geographically vast and well-endowed with potential economic resources in different fields and sectors, such as agriculture
and arable land, energy and mining, human resources, and a vast strategic trading region. The ECO region as a whole posted an annual average
real GDP growth rate 3.5 % over the last decade. The overall nominal GDP of the region stood at USD 1.89 trillion at the end of 2019 with the
region growing at a clip of 0.14%.
The regional countries continued to implement a range of reforms to create favourable conditions for attracting foreign direct investment (FDI)
which includes improvements in investment legislation, privatization of state-owned enterprises, and liberalization of investment flows. With around
491 million inhabitants, ECO region houses around a little more than 6.4% of the world population, whereas the total trade share of the region in
the world trade is a little higher than 2%. The regional economies are continuously making efforts to promote intra-regional trade and
implementing measures to improve regulatory framework in the region.
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