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Iran Stresses Expansion of Regional Economic Cooperation
Iranian President Mohammad Khatami has stressed that central and western Asian countries should enhance economic cooperation to offset the negative effects of globalization, the Islamic Republic News Agency reported on Saturday.
All members of the Economic Cooperation Organization (ECO) must expand their economic relations, Khatami said Friday in his meeting with Turkmen President Saparmurat Niyazov, who is here for the two-day sixth ECO summit meeting which started Saturday.
Khatami also reiterated that littoral states of the Caspian Sea should establish an acceptable and legal regime representing the interests of all of them so that they could cooperate in developing the rich oil and gas resources in the region.
In this respect, Iran is ready to enter into various kinds of cooperation with Turkmenistan, Khatami said.
For his part, President Niyazov expressed his satisfaction with the Iran-Turkmenistan bilateral ties. He also hailed the cooperation of regional countries in gas projects, which he said would be avenues to achieve greater regional peace and friendship.
The Tehran-based ECO was founded by Iran, Pakistan and Turkey in 1985 and later joined by Afghanistan as well as Central Asian and Caucasian republics of Azerbaijan, Kyrgyzstan, Turkmenistan, Uzbekistan, Tajikistan and Kazakhstan.
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