SCO members reaffirm to oppose practices that threaten global economy – Outlook India

17 September 2021  Last Updated at 8:59 pm | Source: PTI

Prime Minister Narendra Modi addressed the 21st summit of the Shanghai Cooperation Organisation (SCO) in the capital of Tajikistan via video link.

External Affairs Minister S Jaishankar attended the meeting of the eight-member bloc comprising China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India and Pakistan.

According to the Dushanbe Declaration, the Member States reaffirmed the importance of continuing to improve the architecture of global economic governance.

The members “will consistently uphold and strengthen an open, transparent, equitable, inclusive and non-discriminatory multilateral trading system based on the principles and rules of the World Trade Organization (WTO), promote an open global economy and oppose unilateral protectionist measures that undermine the multilateral trading system and threaten the global economy,” it said.

They also called for strengthening the effectiveness of WTO as the key forum for discussing the international trade agenda and adopting the rules of the multilateral trading system.

“The Member States stand for the promotion of an enabling environment for trade and investment necessary for the gradual free movement of goods, capital, services and technology as envisaged in the SCO Charter. They advocated further elaboration of approaches to address trade facilitation in the region,” it said.

Acknowledging that the coronavirus pandemic has led to global social and economic challenges, they emphasised that the SCO should remain focused on enhancing the coordination of joint activities aimed at overcoming the crisis and reducing its negative consequences.

The effective implementation of adopted long-term programmes and plans in the trade and economic sphere in order to promote socio-economic development of the Member States of the Organisation and the region as a whole will be a priority, it said.

The Member States also reaffirmed to further strengthen cooperation in trade, production, transport, energy, finance, investment, agriculture, customs, telecommunications, innovation and other areas of mutual interest.

The members noted that managing the financial and economic risks posed by climate change, resource depletion, environmental degradation, and the provision of resources for sustainable development is becoming important.

Countries including Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan reaffirmed their support for China”s One Belt and Road Initiative (OBOR), also known as Belt and Road Initiative (BRI), and noted the ongoing work to jointly implement the project, including efforts to build a bridge between the Eurasian Economic Union and the OBOR.

India has strong reservations over Chinese President Xi Jinping”s ambitious Belt and Road Initiative (BRI). The $60 billion China-Pakistan Economic Corridor (CPEC) is officially declared as its flagship project.

New Delhi has gone public with its concern on Beijing”s strategic initiative at various international fora over the past years. The government is specifically concerned over the CPEC that passes through Pakistan-occupied-Kashmir (PoK).

Emphasising the importance to utilise the potential of the countries of the region, international organisations and multilateral associations, the Member States also noted the idea of establishing a Greater Eurasian Partnership involving the SCO countries, the Eurasian Economic Union, the Association of Southeast Asian Nations and other interested States and multilateral associations.

They also decided to continue to strengthen mutually beneficial cooperation in the banking and financial sectors and consider opportunities to use national currencies in mutual settlements between the SCO members.

“The Member States will continue consultations on the establishment of the SCO Development Bank and the SCO Development Fund (Special Account) in order to implement the common understanding reached at the highest level and ensure financial support for project activities,” the declaration said.

The SCO members said that they will continue to unlock the potential of the SCO Business Council and the SCO Interbank Association as well as develop joint business initiatives to strengthen cooperation for the implementation of finance, high technology, transport and communications infrastructure, energy, agriculture and investment projects in the SCO region.

“Member States believe that the development of services and trade in services, support for micro, small and medium enterprises and promotion of e-commerce within the SCO is of great importance for economic development, increase in employment and welfare growth,” it said.

They also noted the relevance of cooperation in the field of intellectual property protection, including the exchange of experiences in the protection of rights and development of the intellectual property system.

They also advocated the promotion of industrial cooperation within the SCO, including through fairs and exhibitions and decided to establish a mechanism for the Meeting of Ministers of Industry of SCO members.

They also advocated further strengthening the role of the SCO in addressing the issues of food security, strengthening the world food market, and developing the production of organic and environment-friendly products. PTI RS AKJ RS
President Ram Nath Kovind addressed ‘Golden Jubilee’ function of the Himachal Pradesh Assembly.
For some Manchester City supporters, it was an ill-timed comment that questioned the loyalty of the club’s fan base.
Today’s killing comes days after another policeman was shot dead by militants in Srinagar.
Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.
Outlook’s annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.
Outlook’s annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.
Tired of the unceasing, ungainly internet entertainment updates? Walk dazzling lanes and by lanes with Outlook.
The right tech that defines you. Your aspirations. Your styles. Right in time.
Stay on top of the market moves. Analysis and information for you to take smart decisions.
Know what’s behind the apparent and what doesn’t show. Your journey into the myriad shades of truth with Outlook.
Money market essentials, analysis and data delivered to your mailbox with precision timing.
© 2020-2021 Outlook Digital


310 thoughts on “SCO members reaffirm to oppose practices that threaten global economy – Outlook India”

  1. Having read this I thought it was extremely enlightening.

    I appreciate you finding the time and energy to put this content together.
    I once again find myself personally spending a significant
    amount of time both reading and posting comments. But so what, it
    was still worth it!

  2. After looking into a few of the blog posts on your web site,
    I truly appreciate your way of writing a blog. I
    book marked it to my bookmark webpage list and will be checking back soon. Take a look at my web site too and tell
    me how you feel.

  3. Please let me know if you’re looking for a article author for your site.
    You have some really great articles and I
    think I would be a good asset. If you ever want to take some of the load off,
    I’d love to write some material for your blog in exchange for a link back to mine.
    Please shoot me an e-mail if interested. Kudos!

  4. What’s up everyone, it’s my first go to see at this site, and piece of
    writing is actually fruitful designed for me, keep up posting these types
    of articles or reviews.

  5. My brother recommended I may like this blog. He
    was totally right. This post actually made my day.
    You can not imagine just how a lot time I had spent for this information! Thank you!

  6. It’s a shame you don’t have a donate button! I’d without a doubt donate to this superb blog!
    I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account.
    I look forward to new updates and will share this site with my
    Facebook group. Talk soon!

  7. It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I wish to read even more things about it!

  8. Thanks for ones marvelous posting! I quite enjoyed reading it, you may be a
    great author.I will make certain to bookmark your
    blog and will eventually come back in the future.
    I want to encourage you to ultimately continue your great work,
    have a nice weekend!

  9. Pingback: 1torpedoes

  10. I cannot thank you more than enough for the blogposts on your website. I know you set a lot of time and energy into these and truly hope you know how deeply I appreciate it. I hope I’ll do a similar thing person sooner or later.

  11. Hey, I simply hopped over to your website by way of StumbleUpon. No longer one thing I’d normally learn, but I preferred your thoughts none the less. Thanks for making one thing worth reading.

  12. Hey very cool site!! Man .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also…I’m happy to find so many useful information here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .

  13. Your idea is outstanding; the issue is something that not enough persons are speaking intelligently about. I’m very happy that I stumbled throughout this in my seek for one thing regarding this.

  14. I’m excited to uncover this website. I wanted
    to thank you for your time due to this wonderful read!!

    I definitely really liked every little bit of it and i also have
    you saved to fav to see new things in your website.

  15. I cannot thank you more than enough for the blogposts on your website. I know you set a lot of time and energy into these and truly hope you know how deeply I appreciate it. I hope I’ll do a similar thing person sooner or later.

  16. First off I want to say excellent blog! I had a quick question that I’d like to ask if
    you do not mind. I was interested to find out how you center yourself
    and clear your thoughts before writing. I’ve had difficulty clearing my thoughts in getting my thoughts out
    there. I do enjoy writing however it just seems
    like the first 10 to 15 minutes are wasted simply just trying
    to figure out how to begin. Any suggestions or hints? Appreciate


    The information shared is of top quality which has to get appreciated at all levels. Well done…


    The information shared is of top quality which has to get appreciated at all levels. Well done…

  19. I was suggested this web site by means of my cousin. I am not
    sure whether this publish is written by him
    as nobody else know such specific approximately my trouble.
    You’re incredible! Thanks!

Leave a Comment

Your email address will not be published.