Assessing The International Trade Law in ECO Countries

Today, economic issues are an integral part of every government. The present study deals with the evaluation of international trade-based laws in the member countries of the Organization for Economic Co-operation and Development. ECO organization strives to improve the economy and help member countries to achieve sustainable economic development, but the member countries are developing countries, for this reason there are inconsistencies and economic irregularities in them, so the producers have turned to cheap imports and the sectors services grow inefficiently and unnecessarily in them, and this means staying away from the main goals of this organization and will not bring any result other than the ineffectiveness of this regional organization. Therefore, this study primarily examines the trade index in the member countries of the Economic Cooperation Organization and then introduces the main determinants of trade and further examines the effect of international investment treaties on the rules of customary international law. The results of the study show that the member countries of the Economic Cooperation Organization with the average index of intra-industry trade in the period of 2003-15 are very low and do not have a suitable and advanced industrial and legal infrastructure. The level of intra- industry trade is much lower than that of industrialized countries, especially in European Union countries, which have an average index of intra-industry trade of around 69%. Also, some political relations and international relations have fueled the inefficiency and progress of this organization. This article is written based on the descriptive and analytical study of authentic documents and sources.