What does ECO mean in INTERNATIONAL BUSINESS
The Economic Cooperation Organization (ECO) is an international organization that promotes economic cooperation, development and integration among member countries. The ECO was established in 1985 by Iran, Pakistan and Turkey. Since then, more countries have joined the organization, bringing its current total membership to ten. It seeks to promote trade and investment opportunities, increase the volume of intra-regional trade and investment flows, reduce disparities in socio-economic development levels among its members, and create a more secure environment for all of its members.
ECO meaning in International Business in Business
ECO mostly used in an acronym International Business in Category Business that means Economic Cooperation Organization
Shorthand: ECO,
Full Form: Economic Cooperation Organization
For more information of "Economic Cooperation Organization", see the section below.
Essential Questions and Answers on Economic Cooperation Organization in "BUSINESS»INTBUSINESS"
What is the Economic Cooperation Organization (ECO)?
The ECO is an international organization that promotes economic cooperation, development and integration among member countries. It was established in 1985 by Iran, Pakistan and Turkey and currently has ten members.
What are the benefits of ECO membership?
Membership in the ECO provides access to increased trade and investment opportunities as well as reduced disparities in socio-economic development levels among members. Additionally, it seeks to create a more secure environment for all of its members.
How many countries are part of the ECO?
Currently there are ten countries that are part of ECO--Iran, Pakistan, Turkey plus seven additional countries that have joined since 1985.
Is there still room for other countries to join the ECO?
Yes! At present there is room for more countries to join the Eco; interested parties should contact the Secretariat at [email protected] for information on how they can join.
Who founded the Economic Cooperation Organization?
The EC0 was founded in 1985 by Iran, Pakistan and Turkey.
Final Words:
The Economic Cooperation Organization (ECO) provides an important platform for increased economic cooperation between member states through increased trade flows as well as reducing disparities among members through fostering economic integration. By joining this organization numerous financial benefits can be achieved for both individual states as well as for all ECO member nations involved. If you're interested in learning more about what joining this organization can mean for your country's economy please contact them directly at [email protected].
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