ECONOMIC DEVELOPMENT: SCO and BRICS: SCO: New Edition of Trade and Economic Cooperation Program
26 November 2018

The most important moment of the meeting of the Council of Heads of Government of the SCO countries held in Dushanbe was the decision adopted “On the Development of a New Version of the Program of Multilateral Trade and Economic Cooperation of the SCO Member States”. According to the SCO Secretary General, Rashid Alimov, “this document will be a significant positive contribution to solving social and economic issues in the organization’s space.”

The need to develop a new edition is especially felt today: the first edition of the program was developed in 2003 with a 15-year perspective. “Dynamics of development of each of the countries of the Organization, new progressive methodologies, and forms of cooperation (e-commerce, paperless customs and clearance of goods and products, etc.) and connection to the programs and plans in this area of ​​huge and, in its own way, unique economic potentials of new SCO members – India and Pakistan – necessitated the development of a new program platform for cooperation in the economic sphere,” Rashid Alimov said.

The priority of the Program is to create favorable conditions for expanding trade, economic and investment activities, the development of high technologies and industrial modernization, the implementation of transport and logistics, energy, agriculture, information and communication infrastructure development projects, and the increase in competitiveness of the SCO countries, including overcoming the technological gap between them, and increasing the level and quality of life of the population.

“The new edition of the program will contribute to ensuring economic compatibility of the SCO member states, will contribute to further economic progress, and will be a significant positive contribution to solving social and economic issues in the organization’s space,” Rashid Alimov said.

At the meeting of the Council, it was also decided to prepare a program for the development of interregional cooperation of the SCO member states.

Documents were signed on the organization’s budget for 2019, on voluntary assistance to the SCO standing bodies, and on the implementation of the roadmap for cooperation of SCO research institutions and cooperation in environmental protection.

Also during the meeting, the delegations signed a cooperation program on food security and a memorandum on technical cooperation in the field of joint prevention of transborder epizootic diseases.

In total, following the meeting, 10 decisions of the Council and two interdepartmental documents on cooperation were signed.

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