ECO meaning in Business ?

Answer:

What is Economic Cooperation Organization mean?

The Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization which was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter. The objective is to establish a single market for goods and services, much like the European Union. The ECO's secretariat and cultural department are located in Iran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.

The nature of the ECO is that it consists of predominantly Muslim-majority states as it is a trade bloc for the Central Asian states connected to the Mediterranean through Turkey, to the Persian Gulf via Iran, and to the Arabian sea via Pakistan. The current framework of the ECO expresses itself mostly in the form of bilateral agreements and arbitration mechanisms between individual and fully sovereign member states. This makes the ECO similar to ASEAN in that it is an organisation that has its own offices and bureaucracy for implementation of trade amongst sovereign member states.

This consists of the historically integrated agricultural region of the Ferghana Valley which allows for trade and common agricultural production in the border region of Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan. Free trade agreements between the industrial nations of Iran and Turkey are due to be signed in 2017. Likewise the Pakistan-Turkey Free Trade Agreement is due to be signed. Pakistan has free trade agreements with both Afghanistan and Iran which are signed and are in the process of implementation, and currently most of Afghanistan trade is through Pakistan. And the Afghanistan-Pakistan Transit Trade Agreement is designed to facilitate trade for goods and services for Central Asia via both Afghanistan and Pakistan. This is in addition to the Ashgabat agreement which is a multi-modal transport agreement between the Central Asian states.

Further cooperation amongst members is planned in the form of the Iran–Pakistan gas pipeline, as well as a Turkmenistan–Afghanistan–Pakistan pipeline. Current pipelines include the Tabriz–Ankara pipeline in addition to the planned Persian Pipeline. This is in addition to the transportation of oil and gas from resource rich Central Asian states such as Kazakhstan and Turkmenistan of minerals and agriculture that complements the industrialisation underway in Iran, Pakistan and Turkey. Pakistan plans to diversify its source of oil and gas supplies towards the Central Asian states including petroleum import contracts with Azerbaijan.

reference

Full Form	Category
Electronic Copyright Office	Academic & Science
Environmental Campus Organization	Academic & Science
Earth Crossing Object	Academic & Science
English and Cultural Orientation	Academic & Science
ECOlogy courses	Academic & Science
Engineering Change Orders	Academic & Science
Exploring Career Opportunities	Academic & Science
Earth Conscious Optics	Academic & Science
Electronic Copyright	Academic & Science
Electronic Central Office	Academic & Science
El Encanto	Airport Code
Equal Credit Opportunity	Banking
Echo Bay Mines, LTD.	Business
Environmental Career Opportunities	Business
Enterprise Customer Optimization	Business
Economic Cooperation Organization	Business
Ecnomic Cooperation Organization	Business
Environment Community and Opportunity	Community
Energy Cost Optimization	Community
Eco Culture Organization	Community
Evolving Creative Opportunities	Community
Earth-Conscious Organization	Community
Environmentally Creative Organizers	Community
Enterprise Core Objects	Computing
Enterprise Configurator	Computing
Electronic Commerce Forum	Computing
Ormeus Ecosystem	Cryptocurrency
EcoFi	Cryptocurrency
Engineering Change Order	Electronics
Epichlorohydrin Rubber (Ethylene Oxide Copolymer)	General
Enhanced Compliance Offset	General
Entry Clearance Officer	General
Every Child Outside	General
Environmentally Conscious OISTers	General
Educating Children Outdoors	General
Evidence Conclusion Ontology	General
Encyclopedia of Chess Openings	General
Environmental Caring Organization	General
Extra Commitment Opportunity	General
Environment Coastal Offshore	General
Economy Mode	General
Electronically Controlled Orifice	General
Eco-Friendly Car Components	General
Ecotronic	General
Electrical Controlled Orifice	General
Engine Checkout System	General
European Corridor	General
Ecology	General
Encylopedia Of Chess Openings	General
Early Childhood Outcomes	General
Eastern Carolina Organics	General
Early Connection Option	General
Energy Companies Obligation	Governmental
Emergency Custody Order	Governmental
Economic Co operation	Governmental
Environmental Compliance Officer	Governmental
Emergency Control Organisation	Governmental
Environmental Careers Organization	Governmental
Environmental Conservation Organization	Governmental
Energy Committed to Offenders	Governmental
Elected County Official	Governmental
Environmental Collaboration Office	Governmental
Energy Correction Options	Governmental
Employment Counsellor Online	Governmental
Ecological	Governmental
Energy Company Obligation	Governmental
Estudios Comerciales de Opinión	International
Ex Caelis Oblatus	International
English Cultural Orientation	International
Estudios Comerciales de Opini??	International
Electronic Collections Online	Internet
Electronic Commerce Operator	Jobs
Equipment Control Officer	Jobs
Enumerating Combinatorial Objects	Maths
Events, Constraints, and Objects	Maths
Eye Care Organization	Medical
Euthanasia Controlled Operation	Medical
Electronic Combat Officer	Military and Defence
Embedded Communication Object	Networking
Exchange Client Object	Networking
European Congress on Obesity	Regional
El Encanto, Colombia	Regional
European Communications Office	Regional
Enterprise Core Object	Softwares
Engine Combustion	Space Science
Earth Communications Office	Space Science