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Putin urged to intensify trade and economic cooperation of the SCO
Russian President Vladimir Putin considers it necessary to update the SCO trade and economic cooperation program. He stated this at 12 September at a meeting of the Council of Heads of State of the Shanghai Cooperation Organization in Dushanbe, the correspondent of the IA REX reports.
Vladimir Putin noted that "the crisis has not yet been overcome in the world economy, and the current political risks, all sorts of restrictions and barriers exacerbate the state of affairs: they directly damage the global business climate, reduce the level of trust in international trade and the financial system."
“With this in mind, I would suggest thinking about updating the SCO Trade and Economic Cooperation Program for 2003 and the Plan for its implementation, which was updated back in 2008. Many mechanisms for such cooperation have already been created by this Business Council and the SCO Interbank Association, meetings of the heads of specialized departments. We also stand for strengthening international regional ties, "Putin said.
According to Vladimir Putin, in this regard, the idea of forming a common SCO transport system, including using the transit potential of the Russian Trans-Siberian Railway, the Baikal-Amur Mainline, coupled with China's plans to develop the Silk Road, has great prospects in this regard.