Monopoly over digital economy threatens regional states: Minister

Baku, Dec 6, IRNA – Minister of Communications and Information Technology Mohammad Javad Azari-Jahromi said on Tuesday that regional countries are facing the threat of monopolized economies in the field of high-tech industry.

He made the remarks at the end of the Second Meeting of Information Technology ministers of Economic Cooperation Organization (ECO) member states held in Baku on Tuesday.

'ECO member states can share their markets to create a greater market to confront the monopoly held by certain states to some extent,' he said.

'The way to counter the threat is to promote regional markets against the monopolies,' he said.

Underlining importance of regional collaboration for Iran, he said that Iran and other ECO member states can get access to the big regional markets and take advantage of the great capacity with regional cooperation.

Jahromi further noted that during meetings with Azeri president and Russian, Turkish ministers, they called for mutual collaboration, as the digital economy will constitute major section of world’s future economy and all seek their shares.

The Iranian minister arrived in Baku on Tuesday morning to attend the second IT ministers of ECO member states. The event was also attended by communications ministers of Turkey and Azerbaijan Republic.

ECO which is an inter-governmental organization was established in 1985 and has ten member-states including Iran, Azerbaijan Republic, Turkey, Afghanistan, Pakistan, Tajikistan, Kyrgyzstan, Kazakhstan, Uzbekistan and Turkmenistan.

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