ECO Chamber of Commerce and Industry may expand regional trade

The Economic Cooperation Organization (ECO) Chamber of Commerce and Industry can increase the current level of intra-regional trade several times, President of the ECO Chamber of Commerce and Industry Atif Ikram said, Report informs.

"The flow of foreign direct investment into the ECO countries has recently increased by 20% to $ 25.7 billion. However, we expect more support from our member countries in the near future to facilitate and expedite our efforts to expand trade and simplify trade procedures," he noted.

Ikram also called on the organization's members to support joint investments of the ECO countries in various sectors such as agriculture, IT, mining, textile industry, industrial trade, etc. in order to create favorable conditions for the growth of regional trade.

"I will mobilize all efforts to coordinate the activities of the ECO member countries in the field of trade corridors, transport links, railways and energy links," he stressed.