SCO plays important role in economic and trade integration among member states: Ambassador Usmanov

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ISLAMABAD, Aug 1 (UrduPoint/Pakistan Point News – Aug 1, 2022): Uzbekistan’s Ambassador to Pakistan Aybek Arif Usmanov said on Monday that the Shanghai Cooperation Organization (SCO) bloc plays an important role in economic and commercial integration between member countries. countries.

He said that this year Uzbekistan took over the chairmanship of the Shanghai Cooperation Organization (SCO), which has many challenges ahead.

As chairman of the Shanghai Cooperation Organization, Uzbekistan hosted the 2022 annual summit of the SCO Council of Heads of State on September 15-16 in Samarkand, Uzbekistan’s ambassador told app here.

Economic and trade relations between members of the Shanghai Cooperation Organization are very important, which will lead to economic and trade integration between these countries, he said.

The ambassador said that the SCO meeting has been held in Uzbekistan since September 15 this year.

In the next conference, transit trade and business cooperation between members will be very important topics that will be discussed in different sessions.

He said member countries will also talk about establishing industrial zones and in this regard, the first industrial zone in SCO countries will be established in the city of Samarkand, Uzbekistan.

He said that for the first time, discussions on promoting digital transformation and poverty alleviation in member countries will be made available to member countries to benefit from the experiences of others.

The Ambassador said that poverty eradication and economic development will be at the center of this conference, which will provide an opportunity for mutual cooperation and dialogue among member countries.

He expressed hope that Pakistani Prime Minister Mian Muhammad Shahbaz Sharif would attend SCO conferences exclusively.

The Uzbek ambassador said that Pakistan and Uzbekistan have a very important role to play in the trade and economic integration of SCO member countries, which will usher in a new era of economic integration in all member countries. .

He said SCO member countries could play a key role in global and regional economic and trade integration in the current scenario.

The SCO has important member countries in terms of geoeconomic and geopolitical position, including developed economies, which can play an important role in the development of global and regional economies through this organizational platform, he said. .

The ambassador said technology, information technology and renewable energy will be the main topics of the SCO summit this year, which will help reshape trade and economic relations among member countries.

There will also be sessions on telemedicine at this year’s summit, which has led to the introduction of many facets in the medical field after Covid-19, which could open new avenues for economic cooperation in Member States. , did he declare.

He said that at the same time, Member States were likely to sign renewable energy agreements.

The ambassador said that the leaders of SCO countries, including Central Asian countries, are now fully committed to the economic and trade integration of member countries and to increasing bilateral trade and economic activities.

Ambassador Usmanov said road and rail facilities and connections are very important in bilateral and transit trade, which will increase economic activities in SCO countries.

In response to another question, he said that the implementation of the Preferential Trade Agreement (PTA) between Pakistan and Uzbekistan was continuing and bilateral trade would grow thanks to it.

The ambassador said negotiations would take place every year to review the PTA between the two countries to make it more productive for both parties.

He added that the two countries used to have online discussions in this regard, in which the discussion process on tariff rationalization continues.

He said that at that time, mutual trade barriers and customs issues were major problems in the two countries, and to solve these problems, the two countries were working on a mechanism.

In response to another question, he said that a transit trade agreement had been signed between Pakistan and Uzbekistan in the past year, which played a very important role in promoting mutual trade.

In the same vein, the transport and logistics sector was also important in which the governments of the two countries were negotiating to improve it.

The Ambassador of Uzbekistan said rail and road connectivity is a pivot for regional trade and economic integration in our region.

He said the governments of the two countries are implementing a comprehensive plan for increasing mutual trade in the two countries and promoting mutual trade in the future.

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