According to President Shavkat Mirziyoyev, it is high time for developing the “Strategic Objectives of Economic Cooperation-2035”.

“This conceptual document will define the future priority areas of engagement for our organization, building on a thorough analysis of the enormous and still untapped opportunities,” the president said.

The document will highlight the following main areas:

First, the promotion of mutual trade

Last year, the trade turnover between the member states totaled $85 billion. This represents only 8% of their total foreign trade.

Regrettably, the years of efforts to develop a preferential trade agreement have not delivered the expected results. There are still many restrictions and problems with barrier-free trade.

Member states must openly admit this and take a new perspective to turn the situation into a positive shift.

In this regard, Mirziyoyev encouraged the adoption of the ECO’s Trade Facilitation Agreement developed by the experts.

It will focus on the following:

- facilitation of trade in goods and services;

- removal of technical and non-tariff barriers;

- digitalization of customs, phytosanitary, and veterinary procedures;

- development of electronic commerce.

According to preliminary estimates, these measures will enable reaching at least a twofold growth in mutual trade by 2035.

Second, the strengthening of transport and communication connectivity

The majority of the member states are landlocked. Therefore, they need to fully utilize the potential of transcontinental transport corridors that pass through their territories and link them with major markets in the Asia-Pacific region, South Asia, the Middle East, and Europe.

The launch of the China-Kyrgyzstan-Uzbekistan and Trans-Afghan multimodal roads in the coming future meets the interests of all member states.