01 March 2017

News Story: Pakistan wants ECO as "strong economic block"Pakistan wants ECO as "strong economic block"

ISLAMABAD, Feb. 28 (Xinhua) -- Pakistan Foreign Affairs Adviser Sartaj Aziz on Tuesday urged members of the Economic Cooperation Organization (ECO) to transform the grouping into a strong economic block through full exploration of its human and material resources.

Speaking at the opening session the ECO council of foreign ministers, which will finalize agenda for the summit to be held on Wednesday, he said that "immediate attention should be paid to intra-regional trade, which is far below its potential."

He underscored the need for implementation of ECO trade agreement and removal of trade and non-trade barriers besides establishing a Free Trade Area in the region.

Aziz also said that lack of regional connectivity is a major impediment to economic cooperation and said there should be focus on projects for greater connectivity.

Read the full story at Xinhua