ECO: Karabakh conflict hinders region’s economic growth

ECO: Karabakh conflict hinders region’s economic growth
  • Clock-gray 13:18
  • calendar-gray 02 March 2017

The Armenia-Azerbaijan Nagorno-Karabakh conflict hinders the economic growth and realization of the full economic potential of the region and impedes the development of economic cooperation on regional as well as broader level, reads a declaration adopted following the 13th Summit of the Economic Cooperation Organization (ECO), held in the Pakistani capital of Islamabad on March 1, APA reported.


The declaration expresses concern about the existing unresolved conflicts in the ECO region, including Nagorno-Karabakh conflict, stressing the importance of making increased efforts for the earliest resolution of these conflicts based on the norms and principles of international law, in particular the principles of respect to sovereignty and territorial integrity.


Azerbaijan’s President Ilham Aliyev also attended the 13th ECO Summit.


The Nagorno-Karabakh conflict entered its modern phase when the Armenian SRR made territorial claims against the Azerbaijani SSR in 1988.


A fierce war broke out between Azerbaijan and Armenia over the Nagorno-Karabakh region of Azerbaijan. As a result of the war, Armenian armed forces occupied some 20 percent of Azerbaijani territory which includes Nagorno-Karabakh and seven adjacent districts (Lachin, Kalbajar, Aghdam, Fuzuli, Jabrayil, Gubadli and Zangilan), and over a million Azerbaijanis became refugees and internally displaced people.


The military operations finally came to an end when Azerbaijan and Armenia signed a ceasefire agreement in Bishkek in 1994.


Dealing with the settlement of the Nagorno-Karabakh conflict is the OSCE Minsk Group, which was created after the meeting of the CSCE (OSCE after the Budapest summit held in Dec.1994) Ministerial Council in Helsinki on 24 March 1992. The Group’s members include Azerbaijan, Armenia, Russia, the United States, France, Italy, Germany, Turkey, Belarus, Finland and Sweden.


Besides, the OSCE Minsk Group has a co-chairmanship institution, comprised of Russian, the US and French co-chairs, which began operating in 1996.  


Resolutions 822, 853, 874 and 884 of the UN Security Council, which were passed in short intervals in 1993, and other resolutions adopted by the UN General Assembly, PACE, OSCE, OIC, and other organizations require Armenia to unconditionally withdraw its troops from Nagorno-Karabakh.





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