SCO Secretary-General, President of Russian Chamber of Commerce and Industry discuss new aspects of intra-SCO economic cooperation

SCO Secretary-General, President of Russian Chamber of Commerce and Industry discuss new aspects of intra-SCO economic cooperation

On 23 April 2019, SCO Secretary-General Vladimir Norov met with the President of the Russian Chamber of Commerce and Industry and Chairman of the SCO Business Council's Russian section Sergey Katyrin in Moscow.

They exchanged views on expanding promising multilateral projects the implementation of which makes it possible to ensure all-round development of intra-SCO economic cooperation.

Vladimir Norov noted the importance of the SCO Business Council's efforts to draft new infrastructure projects and to hold forums and seminars facilitating the subsequent development of business-like economic cooperation in the SCO region.

"The business community prioritises efforts to streamline border trade and the border infrastructure. Not a single major infrastructure project will unlock the SCO's economic potential, unless interstate trade procedures are simplified. In this context, it is necessary to focus joint efforts on the Organisation's economic aspect by expanding and deepening practical cooperation regarding a broad list of multilateral cooperation matters," Mr Norov said.

Sergey Katyrin agreed that it is necessary to step up practical cooperation and noted that the SCO Business Council's agenda also aimed at deepening multilateral cooperation that would meet modern requirements and would be beneficial for all SCO countries. He focused on transport and logistics, funding, the compilation of standards, personnel training, economic digitalisation and the resolution of disputes.

Mr Norov and Mr Katyrin agreed on the subsequent development of financial-economic cooperation in the SCO region, as well as expanded prospects for mutually beneficial cooperation between business circles by organising joint events.

Those at the meeting also discussed the preparations for holding the May 2019 forum of regional leaders in Chongqing, the People's Republic of China, a business forum in Bishkek, and a panel session dealing with the SCO without borders and the integration of the transport infrastructure during the June 2020 St Petersburg International Economic Forum.