ECO trade-related arrangements of great importance to Iran: Zarif

Tehran (ISNA) – In order to increase total trade of the ECO Member States, bilateral and multilateral procedures for simplification and harmonization of regional trade are necessary to help make trade in the region faster, cheaper and more predictable, Iranian Foreign Minister, Mohammad Javad Zarif emphasized. He made the remarks on Saturday while addressing the […]

Tehran (ISNA) – In order to increase total trade of the ECO Member States, bilateral and multilateral procedures for simplification and harmonization of regional trade are necessary to help make trade in the region faster, cheaper and more predictable, Iranian Foreign Minister, Mohammad Javad Zarif emphasized.

He made the remarks on Saturday while addressing the 24th Meeting of the ECO Council of Ministers (COM) Antalya.

Here is the full text of statement by Zarif:

Mr. Chairman,

At the outset, allow me to express my appreciation to the Government and people of Republic of Turkey for warm hospitality and excellent arrangements for this meeting. I would also like to pay tribute to our outgoing Chairman and our Secretary-General and his colleagues in the Secretariat for their valuable efforts.

Distinguished Friends,

“ECO” remains an untapped potential for economic integration and cohesion in our Region. Our top agenda should be realization of an “ECO Community”, where peace and stability are promoted, the well-being of our people is further improved, and our common rich values prevail. With a population of half a billion people, incredible geographical location, abundant energy and mineral resources, rich human resources, huge trade market, and historical and cultural affinities, the Economic Cooperation Organization possesses what it takes to be a success story for multilateral cooperation among nations.

However, the continued challenge for us is first and foremost the lack of fitting models for regional economic cooperation; a paradigm for regional economic development. Accordingly, the existing ECO regional architecture should be re-configured to this effect. “ECO Vision 2025” is our latest endeavor to enhance regional integration and connectivity in different areas of common interest, including transit and transport, energy, trade and tourism. We need to accelerate effective implementation of Vision 2025 through its devised schemes and mechanisms. The Council of Ministers should give full support to our sectoral ministers as well as the Secretariat to make the “Vision 2025” a significant step towards realization of the ECO noble goals and objectives.

Corridor development and corridor management activities are considered as an institutional priority in the transport sector. We in Iran have invested huge amounts to develop the missing links. However, there are major projects awaiting implementation by the Member States, particularly Transit, Transport Framework Agreement (TTFA).

Dear Colleagues,

In order to increase total trade of the ECO Member States which is far below our expectations, bilateral and multilateral procedures for simplification and harmonization of regional trade are necessary to help make trade in the region faster, cheaper and more predictable. Carrying out financial transactions with national currencies, bartering, cutting costs and reducing delays and speeding up customs clearance are some approaches which need to be strengthened.

Establishing green tourism destination with diverse products and high-quality services in the region is an objective of ECO Vision 2025. significant potentials for tourism cooperation, requires a smart plan of action. We welcome any initiative which can strengthen networking of all tourism stakeholders, establishing an e-based platform using new technologies and sharing knowledge and best practices to organize co-creation based activities.

ICT related activities can also serve as catalyst for further progress. In this regard we attach great importance to the implementation of the “۲۰۲۵ ECO Regional Strategy for Information Society Development” and Plan of Action, which was approved by 2nd Meeting of ECO Ministers of ICT on December 2017 in Baku.

Mr. Chairman, Dear Colleagues,

No success can be envisaged unless all Member States are actively involved. The “less than full membership” arrangements/agreements have revealed their negative structural and institutional impacts on the Organization. We need to have all Member States on board in ECO activities. This in turn requires ECO to prove its added value for each and every single Member State.

The very objectives of the ongoing reform process, kicked-off in 21st COM meeting in Tehran in 2013, was to enhance institutional, regulatory and operational capacities of the Organization. This can potentially lead to incredible and enhanced effectiveness, efficiency, relevance and performance of the Organization and its Secretariat. As an ECO founding member, the Islamic Republic of Iran has fully supported the reform process and rendered maximum flexibility to accommodate interests and concerns of non-founding members. This is time to regenerate the needed momentum and agree on a promising reform outcome.

Dear Friends,

In the time of rampant blow to multilateralism, the decades-old Economic Cooperation Organization is, more-than-ever, the first best option for economic cooperation among our countries. Notwithstanding the hardship Iranian people are experiencing in the time of blatant and cruel unilateral coercive measures and economic terrorism, the Islamic Republic of Iran continues its commitment to ECO and its programs and projects. We consider ECO inter-connectivity projects in transport and transit; energy, including ECO electricity market; ICTs and digital connections; and tourism industry as the most feasible and yielding joint ventures among our countries. The Islamic Republic of Iran remains ready and active in sharing with ECO countries its huge capacities in these sectors. This is an open call also on behalf of our private sector to its counterparts in the ECO Region.

ECO trade-related arrangements are also of great importance to the Islamic Republic of Iran. ECOTA and other required complementary intra-regional arrangements need to be operationalized, enabling “trade” to make its full contribution into the overall development and prosperity of our Region and peoples, as has been the case in other regions across the globe. Iran is fully committed to make this happen through activating, or devising, necessary regional arrangements in trade-related areas such as customs and trade facilitations, monetary and banking, multi-modal transport, security and border arrangements, combating illicit trade and smugglings, etc.

To conclude Mr. Chairman, let me remind the very important role that should be played by the ECO Secretariat in our joint journey ahead. We as the Member States need to provide necessary financial and human resources and capacities enabling Secretariat to fulfill its mandate. We appreciate the efforts of the Secretary General and his fellow colleagues in the rest of ECO institutional machinery, namely ECO regional specialized agencies and institutions, to ensure that no approved mandate is left behind, no available resources are unexploited, and no partnerships with our traditional and new partners, particularly in the UN family, is unattended. We expect them to take more resolute measures in these areas.

I thank you for your attention.