TEHRAN -- High-level private sector executives and heads of privatization agencies from Economic Cooperation Organization (ECO) member states held meetings in Baku during May 20-21 to outline their national privatization plans.

Delegations from 10 countries, including Azerbaijan, Turkey, Iran, Afghanistan, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan and Uzbekistan attended the event.
Events organizer, the State Property Management Committee of Azerbaijan, has reported that the basic goal of the sessions was the exchange of experience in the area of privatization, expansion of ties, and information about privatization in Azerbaijan.
Iranian Privatization Organization's Deputy Director Mohammad-Mahdi Haji-Qorbani said in the meeting that over 38 trillion dollars worth of shares of state-run entities have been transferred to the private sector since enforcing the privatization law in Iran, IRIB reported.
Heads of privatization agencies of the ECO member states presented reports and discussed a number of issues, including the launch of an ECO privatization website.
At the meeting of the expert group on privatization, the delegations held presentations of their countries and the ECO secretariat provided information on the implementation of action plans for privatization.
Economic Cooperation Organization (ECO) is an intergovernmental regional organization established in 1985 by Iran, Pakistan and Turkey for the purpose of promoting economic, technical and cultural cooperation among the member states.
In 1992, the Organization was expanded to include seven new members, namely: Islamic Republic of Afghanistan, Republic of Azerbaijan, Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan.