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PM to promote regional trade in SCO conference today

Syed Umarullah HussainiWeb Editor

10th Nov, 2020. 09:37 am
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Prime Minister Imran Khan will promote Pakistan’s stance over regional trade in the 20th Shanghai Cooperation Organization Council of Heads of State video conference today.

According to the details, Russian President Vladimir Putin will chair the meeting.  Besides the UN Secretary-General and the Secretary-General of SCO, Leaders from all eight SCO Member States and four Observer States will attend the conference.

The conference will adopt 16 documents including Moscow Declaration reflecting member states’ stance on important regional and international issues.

SCO’s major objectives include promoting mutual confidence and good-neighborly relations among member states, strengthening regional peace, security and stability, and creating a framework for effective cooperation in political, cultural, trade and economy and other fields.

The platform is an important forum for further enriching deep-rooted historical and cultural links with member states, providing these ties a sound economic foundation, and promoting Pakistan as a regional trade and transit corridor.

Since becoming a member in 2017, Pakistan has been actively contributing to the promotion SCO’s multi-sectoral agenda through participation in various SCO mechanisms.

Besides Pakistan, SCO’s current membership comprises China, Russia, India, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

The SCO members—China, India, Russia, Pakistan and four Central Asian states—represent approximately 42% of the world’s population and 20% of global GDP. The bloc is perceived as a counterweight to NATO and is primarily concerned with issues pertaining to trans-regional security.

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