The framework agreement on trade cooperation of member countries of the Economic Cooperation Organization (EKO)

of June 6, 2000

PREAMBLE

The governments signers (further "Contracting parties") the Framework Agreement, being member countries of the Economic Cooperation Organization (further "EKO");

Considering the purposes and tasks of EKO stated in its Charter - the Izmir Agreement, and provisions of Strategy of Economic Cooperation for the region of EKO;

On the basis of the Teheran Communique of the 1st Meeting of country leaders top-level EKO (February, 1992), the Joint Communique and the Declaration accepted at the 2nd Summit (Istanbul, July, 1993), the Joint Communique and the Islamabad Declaration of 3rd Summit (Islamabad, March, 1995). Ashgabat Declarations of the 4th Summit and Extraordinary summits (respectively a May, 1996 and 1997) and Almaty Declaration of the 5th Summit (Almaty, May, 1998);

Aiming to expand trade cooperation of EKO for ensuring economic growth and development of all member countries that is important for stability and prosperity of the region;

Confirming the decision on creation of the mechanism of the ensuring intraregional trade meeting the international rules and standards and, in particular, emphasizing importance of ensuring trade liberalization in the region of EKO;

Encouraging intention of the member countries which joined the World Trade Organization (WTO) yet to perform necessary measures in this direction;

Recognizing need of cooperation increase, support and help to the member countries which are in process of accession to WTO;

Realizing that non-tariff barriers represent very serious obstacle to intraregional goods turnover;

Noting the significant unilateral efforts made in recent years by Contracting Parties for the purpose of liberalization of the trade and further opening of the economies;

Confirming the obligation on gradual trade liberalization taking into account factor of sensitivity of certain goods;

Considering the imperative need of assistance to the intraregional trade constituting now very small share in the total amount of trade in the region of EKO;

Having come to the decision on gradual elimination of barriers, in particular non-tariff barriers, for essential assistance to trade;

Agreed as follows:

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