New Delhi [India]Sep 29 (ANI): Minister of State for Commerce and Industry Anupriya Patel has said that constructive cooperation, along with trust and transparency, is vital to tap the trade potential of the SCO Member States.
Anupriya Patel made these remarks on Wednesday during a virtual speech at the 21st Meeting of the Shanghai Cooperation Organization (SCO) Ministers responsible for Foreign Economy and Foreign Trade.
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The minister mentioned the opportunities available in the SCO region for mutually beneficial, balanced and equitable gains for all SCO members, according to a press release from the Ministry of Commerce. He emphasized the need for effective cooperation among the OCS Member States for balanced and equitable growth of trade and commerce.
He stressed the importance of collective efforts to achieve balanced and equitable economic growth by making trade an engine for reactivating growth and an engine for economic recovery. He stressed that trust and transparency determine the sustainability of world trade and the preservation of the fundamental principles and objectives of the multilateral trading system. He emphasized the need to work to improve affordable access to medicines, therapeutics, vaccines, as well as affordable health care to fight any pandemic, such as Covid-19, to preserve life, livelihoods , food and nutritional security of the poorest. To bring prosperity to humanity, MOS emphasized the need to share best practices on technological development, optimal utilization of resources, environmental conservation, sustainable distribution of resources so that the present and future generations have adequate resources to live, in a happy environment. .
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On the issue of the environment, MOS expressed that the climate agenda of the world forum should not be used to introduce measures that restrict trade and investment cooperation. MoS also highlighted that there is a significant gap in digital technologies between developed and developing countries that needs to be bridged through digital capacity building. He lauded the recent initiative of SCO, in which the city of Varanasi has been nominated as the first cultural and tourism capital of SCO for the period 2022-2023. He expressed the hope that this will help promote tourism and people-to-people interaction and boost trade and economic cooperation. In his concluding remarks, MOS emphasized that SCO members must prepare, act and pursue an agenda that is equitable, inclusive and development-oriented. The virtual meeting was attended by the representative of the OCS Secretariat and the heads of delegation of China, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. (ANI)
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