Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

President Erdoğan highlights economic potential of ECO

by Anadolu Agency

ASHGABAT, Turkmenistan Nov 28, 2021 - 4:00 pm GMT+3
President Recep Tayyip Erdoğan (L) speaks to Economic Cooperation Organization-member country leaders, Turkmenistan's President Gurbanguly Berdymukhamedov (2nd L), Pakistani President Arif Alvi (C), Iranian President Ebrahim Raisi (2nd R) and Azerbaijani President Ilham Aliyev, during the 15th summit of the ECO, Ashgabat, Turkmenistan, Nov. 28, 2021. (IHA Photo)
President Recep Tayyip Erdoğan (L) speaks to Economic Cooperation Organization-member country leaders, Turkmenistan's President Gurbanguly Berdymukhamedov (2nd L), Pakistani President Arif Alvi (C), Iranian President Ebrahim Raisi (2nd R) and Azerbaijani President Ilham Aliyev, during the 15th summit of the ECO, Ashgabat, Turkmenistan, Nov. 28, 2021. (IHA Photo)
by Anadolu Agency Nov 28, 2021 4:00 pm

The Economic Cooperation Organization (ECO) contains great potential for the development of member countries, President Recep Tayyip Erdoğan said Sunday.

Speaking at the 15th summit of the ECO at Turkmenistan's capital Ashgabat, Erdoğan spoke about the economic potential of the region, the impact of COVID-19 worldwide, the issue of Cyprus and terrorism.

"We should make more use of the high potential offered by our geography, which has a population of approximately 500 million in an area of 8 million square kilometers (3.09 million square miles)," Erdoğan said.

"We must intensify our efforts to increase our trade volume to the level of $100 billion (TL 1.2 trillion); in this context, we must first implement the ECOTA trade agreement, which is among the strategic goals of the 2025 Vision document," he added. The Economic Cooperation Organization Trade Agreement (ECOTA) is a trade agreement that was signed in 2003 between 10 countries, including Turkey and Turkmenistan, to form a preferential trade region.

Stressing that the agreement, which has not been implemented for 17 years, was the main instrument that could help reach intra-regional goals, Erdoğan said that the Istanbul-based ECO Bank could function efficiently to develop member countries once its institutional and financial capacities are enhanced.

Furthermore, the president noted that the improvement of the transport infrastructure within the region along with efforts to revive the Silk Road continued at full pace.

  • shortlink copied
  • KEYWORDS
    economic cooperation organization president recep tayyip erdoğan
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Packed cars, burning houses: Armenians leave occupied Azerbaijani lands
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021