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Objectives of RCD

The Economic Cooperation Organization (ECO) was formed in 1964 as the Regional Cooperation for Development (RCD) between Iran, Turkey, and Pakistan to promote regional development. RCD was suspended in 1979 due to the Iranian Revolution but reactivated in 1985 as ECO with 10 member countries. The objectives of both RCD and ECO were to promote trade, transportation, education, culture, and economic development between member states through reducing trade barriers and establishing joint economic projects.

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329 views

Objectives of RCD

The Economic Cooperation Organization (ECO) was formed in 1964 as the Regional Cooperation for Development (RCD) between Iran, Turkey, and Pakistan to promote regional development. RCD was suspended in 1979 due to the Iranian Revolution but reactivated in 1985 as ECO with 10 member countries. The objectives of both RCD and ECO were to promote trade, transportation, education, culture, and economic development between member states through reducing trade barriers and establishing joint economic projects.

Uploaded by

Inayat Rahman
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as RTF, PDF, TXT or read online on Scribd
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ECO

ECO(Economic Cooperation Organization) is the new name of the RCD

which was formed established in 1964 at Istanbul between three Muslim brother

countries Iran, Turkey and Pakistan. The RCD, however, could not achieve its

objectives due to certain political events befalling the member countries. In 1979

RCD suspended due to Islamic Revolution in Iran. In 1985 Iran requested Pakistan

and Turkey to the re-active the RCD finally RCD replaced by ECO and member

countries of the ECO also became ten.

Objectives of RCD:

The formation of RCD was an agreement aimed at promoting regional

development in various aspects of social life of the three member states. RCD was set up on 21st July,
1964, when the Heads of State of Pakistan, Turkey and Iran

assembled in Istanbul to sign the agreement known as Istanbul Accord.

The main objectives of the RCD were as follows:

1. To promote trade between the member countries and free movement

of goods by all practical means of transportation.

2. Closer coordination shall be established amongst the Chambers of

Commerce of the three countries and to finally establish a joint

Chamber of Commerce.

3. Postal rates, between the three countries, shall be reduced to the

extent to bring them on the level of internal rates.

4. Air transport services within the region shall be improved and a joint air

company shall be established.

5. Close cooperation in shipping shall be established by setting up a joint

maritime line.
6. Efforts shall be made to improve and construct rail and road links

between the three countries.

7. Cooperation in educational, scientific and cultural aspects shall be

promoted by the exchange of delegations.

8. Visa formalities shall be abolished for travel purposes between the

three countries.

9. The member countries shall provide technical assistance to each other

by the exchange of experts and by extending training facilities.

Members Countries of the ECO

When ECO was established in 1985, it had three members Pakistan, Iran and

Turkey but now the member countries of the ECO are ten which are as follows:

1. Pakistan 2. Iran 3. Turkey 4.

Afghanistan

5. Tajikistan 6. Kazakhstan 7. Uzbekistan

8. Turkmenistan 9. Kyrgyzstan 10. Azerbaijan

Objectives of the ECO

This organization has the following objectives:

1. Promotion of Mutual Trade and Freely Transportation between the

Member Countries.

2. To Develop Close relations with the Aiwane-e- Commerce & Industries

3. Promotion of Industries

4. To better the mail systems between the member countries

5. To plan for National Interests of the member countries.

6. Establishment of Common Air & Shipping Services

7. Promotion of Minerals & Establishment of Oil Refineries


8. Promotion of Tourism

9. Promotion of Land Transport between the Member Countries

10. To Develop better programs for the technical training of the people of

the member countries

11. To raise the interaction in the history culture & civilization

12. To raise the educational opportunities among the member countries

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