company, but they are still unaccomplished tasks. A draft on Preferential Tariffs was signed in May 1991, which was to be implemented in May 1993. The treaty included the following objectives of the organization: . ‘ Sustainable economic development. ‘ Progressive removal of trade barriers & promotion of intra-regional trade. ‘ Gradual integration of regional economies with the world. ‘ Development of transport & communication infrastructure. ‘ Economic liberalization and privatization. ‘ Mobilization of region’s energy, industrial and agricultural resources. ‘ Regional cooperation for controlling the international transportation of drugs. ‘ Strengthening of historical & cultural ties (ECO at a Glance). Potential of ECO Region The ECO member states constitute a region, which is endowed with vast potential in field of mineral, wealth and energy resources, both oil and gas. The ECO region has also been known as for its huge natural resources such as cotton, wheat, coal and hydroelectricity. To add up to these are the great assets of human resources of more than hundred million energetic people. Their territories are contiguous making movement goods and services between each other relatively easy. The Central Asian States have surplus energy resources. Iran floats on oil and Turkey has a reasonable industrial base. Pakistan possesses well-developed Argo based industries with the approach to the sea for landlocked neighbors. It is also the shortest route for the exports of Central Asian oil and gas to East Asia (Bokhari,1999). The main goals of ECO are based on economic expansion; therefore the major areas for this organization have been trade and infrastructure improvement. The development of transport and communication infrastructure is essential for promotion of trade; therefore this segment of economy has always been given chief worth in the program of ECO’s summits. Following progress was made in this regard. The first summit was held in Tehran in February 16-17-1992. In that meeting the member state>