Iran's President Mahmoud Ahmadinejad on Thursday suggested six practical proposals for strengthening the performance of the Economic Cooperation Organization in global economic relations, IRNA reported.
While delivering a speech at the inaugural session of the 11th ECO Summit which started in the Turkish city of Istanbul this morning, he reiterated that the proposals would strengthen the role of the ECO ten member states in the regional and international economic relations.
He underlined the need for greater strides towards collective cooperation in the areas of trade, banking, tourism, transportation, agriculture, industry and health as well as in the field of combat against smuggle of narcotic drugs and terrorism by the member states.
Exchange of experiences between the ECO members in order to deal with social and economic crises was President Ahmadinejad's second proposal to the member countries.
He further underscored the need for fortification of the ECO Development and Trade Bank.
Referring to the successful experiences of both Iran and Turkey in the field of monetary exchanges, President Ahmadinejad proposed the member states to outline an appropriate solution for making use of the national currencies of the member countries in economic activities.
He also called for development and completion of the ECO energy transfer network.