Sunday, 21 September 2025

From RCD to ECO to Complete Dormancy

Regionalism has often been hailed as a path toward prosperity, but the trajectory of the Regional Cooperation for Development (RCD) and its successor, the Economic Cooperation Organization (ECO), tells a sobering story of missed opportunities. What began with promise in the 1960s has today slipped into near-complete irrelevance.

The RCD was founded in 1964 by Iran, Pakistan, and Turkey to strengthen economic, cultural, and technical cooperation. It emerged in a Cold War environment, where smaller powers sought to shield themselves from great-power dependency by building regional linkages.

On paper, the project had logic, three strategically located Muslim countries, with shared aspirations of modernization, pooling resources to advance trade, industry, and connectivity. In practice, RCD never went beyond symbolism.

The organization lacked institutional strength, faced political frictions, and struggled to overcome the dominance of external economic ties over intra-regional trade.

By the late 1970s, the Iranian Revolution and shifting geopolitical alignments sealed RCD’s fate. In 1979, it faded into history without leaving a substantial legacy.

A revival attempt came in 1985, when the same three countries launched the Economic Cooperation Organization (ECO). ECO promised a fresh start and greater ambition. Its major breakthrough came in 1992 with the admission of seven new members — Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

ECO spanned a vast geography bridging South, Central, and West Asia, with a market of nearly half a billion people and immense natural resources.

Observers predicted that ECO could become a Eurasian economic powerhouse, knitting together landlocked Central Asia with energy-rich Iran and Turkey, and consumer-rich Pakistan.

As decades passed, the promise remained unfulfilled. Member states pursued conflicting foreign policies, were more deeply tied to external trade partners than to each other, and often lacked political trust. Infrastructure gaps meant goods could not move freely.

Overlapping memberships — in the OIC, SCO, CIS, and other blocs — diluted ECO’s relevance.

High-sounding declarations at summits were rarely followed by implementation. Even flagship projects, such as the Islamabad-Tehran-Istanbul railway, never became viable trade corridors.

Today, ECO exists largely as a ceremonial body. Meetings are infrequent, agreements unenforced, and the organization invisible in global or even regional affairs.

Intra-ECO trade remains stuck around 7–8% of members’ total trade, a telling indicator of stagnation.

Compared to other regional blocs such as ASEAN or the EU, ECO demonstrates how political will, not geography, determines success.

The journey from RCD to ECO to dormancy offers a lesson ‑ regional cooperation cannot survive on rhetoric alone. Without trust, shared vision, and consistent follow-through, even the most promising initiatives collapse into irrelevance.

ECO still retains potential — its geography places it at the crossroads of major trade routes, including China’s Belt and Road Initiative. But unless member states move beyond statements and invest in genuine integration, ECO’s story will remain one of unrealized potential and organizational decay.

 

 

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