Pakistani Commerce Minister <a href="https://www.archyde.com/will-guarantee-provide-of-electrical-energy-and-gasoline-to-industries-at-low-price-prime-minister-pakistan/" title="Will guarantee provide of electrical energy and gasoline to industries at low price, Prime Minister – Pakistan“>Jam Kamal Khan on Thursday Shanghai Cooperation Organization In the opening address to the 23rd meeting of trade ministers of the member countries of the SCO, Islamabad has said that Islamabad is “desirous of exploring new trade opportunities and economic cooperation with the SCO countries.”
23rd meeting of trade ministers of SCO member countries starting from Thursday (today). Islamabad I am in progress.
The ministers of trade and foreign affairs of the SCO countries are participating in this meeting, which is chaired by Pakistan’s Minister of Commerce Jam Kamal Khan.
According to Pakistan’s official news agency Associated Press of Pakistan (APP), Federal Minister of Commerce Jam Kamal Khan Inaugural address I welcomed the participants of the meeting on their arrival in Pakistan and said that it is an honor for Pakistan to host the meeting.
Expressing good wishes to the SCO member countries on behalf of the government and people of Pakistan, he said that Islamabad is “willing to explore new trade opportunities and economic cooperation with the SCO countries.”
Jam Kamal Khan said that during the recent years, Pakistan has introduced important reforms to improve the business environment and promote industrial development as well as provide trade facilities in the country. We are currently taking comprehensive strategic steps to modernize our infrastructure, improve regulatory frameworks and provide a business-friendly environment.’
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The Minister of Commerce said that at present, there are various economic problems and uncertain situation at the global level. It is important for SCO member states to promote mutual solidarity to counter these challenges.
Pakistan is hosting these meetings as the current chairman of the SCO Prime Ministers’ Council, which is the second largest forum of the SCO and deals with all economic, trade, social, cultural and humanitarian issues of the organization. Also deals with budgetary matters.
A statement issued by the Foreign Office before the meeting stated that the SCO Ministers will focus their discussions on ways to promote regional cooperation to enhance trade, promote sustainable development. And the linkages between SCO countries can be improved to increase economic prosperity in the region.
It was further said that ‘the discussions held in this ministerial meeting and its results will be discussed and approved in the meeting of the Council of Prime Ministers held in Islamabad on October 16-15 next month.’
The Foreign Office added: ‘Strengthening trade and economic ties within this framework is essential to address common challenges and capitalize on the region’s immense economic opportunities. Pakistan, as the host and chairman of the SCO Prime Ministers’ Council, is committed to using this platform to promote economic cooperation in the region.’
It added that ‘with its geographical location and growing trade potential, Pakistan wants to play a facilitating role in shaping the future of the region’s trade and partnership for the common benefit of the peoples of the SCO countries. ‘
What is the Shanghai Cooperation Organization?
The Shanghai Cooperation Organization of Eurasian countries was established in 2001 and its initial six members included Kazakhstan, Kyrgyzstan, China, Russia, Tajikistan and Uzbekistan, which later became eight with the addition of Pakistan and India in 2017.
There are three types of SCO member states, in which Iran, Afghanistan, Belarus and Mongolia have observer status in addition to eight permanent members, while Armenia, Azerbaijan, Cambodia, Nepal, Sri Lanka and Turkey are dialogue partners.
In addition to promoting mutual trust and good neighborly relations among member countries, the main objectives of the Shanghai Cooperation Organization are to strengthen regional peace, security and stability, and strengthen the political sphere, trade, economy, culture, science and technology, education, energy, transportation. These include developing a framework for effective cooperation in transportation and communication, tourism and environmental protection.
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#Seeking #economic #cooperation #SCO #Jam #Kamal
2024-09-12 10:43:33
SCO members
Table of Contents
The Shanghai Cooperation Organization: A Platform for Regional Cooperation and Economic Growth
The Shanghai Cooperation Organization (SCO), a Eurasian political, economic, and security organization, is a vital platform for promoting regional cooperation, economic growth, and mutual trust among its member states. The organization, established in 2001, has eight permanent members, including Kazakhstan, Kyrgyzstan, China, Russia, Tajikistan, Uzbekistan, Pakistan, and India, with several observer and dialogue partner countries.
Recently, the 23rd meeting of trade ministers of SCO member countries was held in Islamabad, Pakistan, where the ministers discussed ways to promote regional cooperation, enhance trade, and promote sustainable development. The meeting aimed to strengthen economic ties among SCO member states and capitalize on the region’s immense economic opportunities.
Pakistan’s Role in SCO
As the current chairman of the SCO Prime Ministers’ Council, Pakistan is committed to using this platform to promote economic cooperation in the region. The country has introduced important reforms to improve the business environment and promote industrial development, as well as provide trade facilities. Pakistan’s Minister of Commerce, Jam Kamal Khan, emphasized the importance of mutual solidarity among SCO member states to counter global economic challenges.
Objectives of the SCO
The SCO’s main objectives include strengthening regional peace, security, and stability, as well as promoting mutual trust and good neighborly relations among member countries. The organization aims to develop a framework for effective cooperation in areas such as politics, trade, economy, culture, science and technology, education, energy, and transportation.
SCO Ministerial Meetings
Regular ministerial meetings are an essential part of the SCO’s activities. The organization hosts various ministerial meetings, including those of foreign ministers, trade ministers, and justice ministers, to discuss and address common challenges and promote cooperation among member states. For example, the 10th meeting of Ministers of Justice of SCO Member States was held in Shanghai in September 2023, where they issued a joint statement [[2]]. Additionally, the SCO Council of Ministers of Foreign Affairs will hold a meeting in Astana on May 21, 2024, chaired by the Deputy Prime Minister and Foreign Minister [[1]].
SCO’s Role in Regional Economic Growth
The SCO is an important platform for promoting regional economic growth and cooperation. The organization provides an opportunity for its member states to discuss and address common economic challenges, share best practices, and explore new trade opportunities. With its geographical location and growing trade potential, Pakistan is well-positioned to play a facilitating role in shaping the future of the region’s trade and partnership for the common benefit of the SCO countries.
the Shanghai Cooperation Organization is a vital platform for promoting regional cooperation, economic growth, and mutual trust among its member states. The organization’s regular ministerial meetings and commitment to strengthening economic ties among member states make it an essential player in regional economic growth and development. As the SCO continues to grow and evolve, its significance in promoting regional cooperation and economic growth is likely to increase in the years to come.
How is Pakistan’s engagement with the Shanghai Cooperation Organization under Commerce Minister Jam Kamal Khan expected to enhance regional trade opportunities?
Pakistani Commerce Minister Jam Kamal Khan and the Shanghai Cooperation Organization
The Shanghai Cooperation Organization (SCO) is a regional economic organization that aims to promote economic cooperation, trade, and cultural exchange among its member states. Recently, Pakistan’s Commerce Minister, Jam Kamal Khan, chaired the 23rd meeting of trade ministers of the SCO member countries in Islamabad, where he emphasized the importance of exploring new trade opportunities and economic cooperation with the SCO countries [[3]].
In his inaugural address, Minister Khan welcomed the participants and expressed his honor to host the meeting on behalf of the government and people of Pakistan. He highlighted Islamabad’s willingness to explore new trade opportunities and economic cooperation with the SCO countries, citing Pakistan’s recent reforms to improve the business environment and promote industrial development [[1]]. Khan emphasized the need for SCO member states to promote mutual solidarity to counter global economic challenges and promote regional cooperation to enhance trade and sustainable development [[2]].
Pakistan, as the current chairman of the SCO Prime Ministers’ Council, is committed to promoting economic cooperation in the region. The meeting of the SCO Ministers focused on ways to bolster regional cooperation, enhance trade, and promote sustainable development. The discussions and results of the ministerial meeting will be discussed and approved in the meeting of the Council of Prime Ministers to be held in Islamabad next month [[3]].
What is the Shanghai Cooperation Organization?
The Shanghai Cooperation Organization is a regional economic organization founded in 2001 by China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. The organization’s primary goals are to promote economic cooperation, trade, and cultural exchange among its member states, as well as to maintain regional security and stability. The SCO has eight member states, including India and Pakistan, which joined in 2017. The organization’s secretariat is based in Beijing, China.
The SCO has several key areas of focus, including:
- Economic cooperation: The SCO aims to promote trade and investment among its member states, with a focus on energy, transportation, and telecommunications.
- Regional security: The organization seeks to maintain regional security and stability, with a focus on combating terrorism, extremism, and drug trafficking.
- Cultural exchange: The SCO promotes cultural exchange among its member states, with a focus on education, science, and technology.
- Humanitarian cooperation: The organization aims to promote humanitarian cooperation among its member states, with a focus on disaster relief, health, and environmental protection.
the Shanghai Cooperation Organization is a regional economic organization that aims to promote economic cooperation, trade, and cultural exchange among its member states. Pakistan’s Commerce Minister, Jam Kamal Khan, has emphasized the importance of exploring new trade opportunities and economic cooperation with the SCO countries, highlighting Islamabad’s commitment to promoting economic cooperation in the region.
References:
<a href="https://azertag.az/en/xeber/pakistantohostshanghaicooperationorganizationscomeetingof_ministers-3174542″>[3]
