Industry & Investment Committee Meeting of ECO CCI
November 20, 2011 Karachi- I R Pakistan
The Third meeting of the Industry and Investment Committee of ECO Chamber of Commerce and Industry, was held on September 05, 2011 in Karachi, I R Pakistan hosted by Federation of Pakistan Chambers of Commerce and Industry. The representatives of the Industry and Investment Committee from Chambers of Commerce and Industry of the Republic of Turkey, Islamic Republic of Iran, Islamic Republic of Pakistan, Republic of Tajikistan, Republic of Kazakhstan, and Islamic Republic of Afghanistan as well as the ECO Secretariat participated in the meeting.
Taking into consideration that the Potential Industrial Investment Attraction Report of only Turkey has been prepared, which was delivered to the meeting. It was proposed that :
1- The honorable member chambers send a draft report to the ECO CCI comprising the industrial structures in their respective country, the sectors that have the potential to attract foreign investment as well as the foreign investment environment in each member country.
2- The augmentation of the capital and delivery of trade and commercial services by the ECO TDB be pursued in consultation with the ECO Secretariat and the Central Banks of founding member countries .
3- The Agreement on Promotion and Protection of Investment (APPI) shall be executed in a fast track approach to further facilitate and accelerate the intra-ECO investment activities, in this respect due arrangements shall be made by the ECO Secretariat and relevant officials of member countries.
It was also decided that the ECO CCI shall follow up the matters to get the report for further proceeding.
It was agreed that pharmaceuticals, construction, textile and plastics sectors could be the agenda for the fourth ECO Buyer - Seller Meeting to be held in 2012 in Kabul, Afghanistan. Trade Exhibitions of ECO particularly of pharmaceutical sector shall also be held in ECO Countries.