Azerbaijan, Baku, Oct. 16 /Trend S. Aliyev/
The summit chairmanship of the Economic Cooperation Organisation (ECO) has passed from Turkey to Azerbaijan, Turkish Prime Minister Recep Tayyip Erdogan said at 12th summit of ECO heads of states in Baku today. The event is being held in Baku.
"Turkey is ready to share its experience with Azerbaijan in the chairmanship of the Organisation for Economic Cooperation," Erdogan said.
Erdogan stressed that the chairmanship passed to Turkey two years ago when the world experienced the peak of the economic crisis.
Turkey believes that economic cooperation between ECO members will be expanded and the position of the organisation as a leading economic body will be strengthened during Azerbaijan's chairmanship.
The Organisation for Economic Cooperation was founded by Iran, Pakistan and Turkey in 1985. In 1993 it was granted observer status at the UN and a year later in the Organisation of Islamic Conference, now the Organisation of Islamic Cooperation.