4th ECO Ministerial Meeting on Finance and Economy
In his address, H.E. Ambassador Shamil Aleskerov, the ECO Secretary General, presented an overview of the ECO cooperation in Finance and Economy. He said that the two decades of economic cooperation of the Member States have laid strong foundations for the realization of goals and objectives of the ECO, as envisaged in the Treaty of Izmir. He underlined the need for building on those foundations by putting into effect the agreed legal instruments, increasing the effectiveness of the institutional mechanism and undertaking joint projects.
The Ministerial Meeting provided strategic guidelines and took important decisions for strengthening cooperation among ECO Member States in various areas pertaining to Finance and Economy, including Trade, Investment, Banking, Customs, Taxation and Re-insurance. The Meeting also adopted the "Astana Declaration" embodying the Member States' commitment to jointly respond to regional and global economic challenges.
The Ministerial Meeting was preceded by the Senior Officials Meeting, chaired by H.E. Nataliya Korzhova, Executive Secretary of Ministry of Finance of the Republic of Kazakhstan.