DEVELOPMENT OF COOPERATION IN THE TRANSIT-TRANSPORT DOMAIN AMONG MEMBER STATES OF THEECONOMIC COOPERATION ORGANIZATION

Abstract

This article delves into the critical role of transit and transport infrastructure in international trade, underlining its significance for economic growth and regional integration. The impact of transit and transport on trade and economic relations is multi-faceted, enhancing market access, logistical efficiency, and regional cooperation, consequently fostering economic development, job creation, and improved living standards. Despite recognizing the importance of transit and transport infrastructure, challenges persist, especially in developing regions. The article investigates the obstacles faced by member states of the Economic Cooperation Organization (ECO), focusing on Kazakhstan as a pivotal player in the realm of transport and transit infrastructure. The study explores potential pathways for enhanced collaboration among ECO member countries, spanning investment in infrastructure, harmonization of regulations, regional transport corridors, multimodal transportation, and public-private partnerships. Thus, investing in transport infrastructure emerges as a fundamental component for promoting economic development and integration among ECO member states. While challenges such as limited funding persist, there exists a wealth of prospects for cooperative
efforts to overcome these hurdles and enhance connectivity within the region. This article underscores the urgency of prioritizing transit and transport infrastructure to advance economic growth and integration in the ECO region.