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SCO contributes to member states' economic growth

By Chen Yurong (People's Daily Overseas Edition)

08:29, November 09, 2011

Edited and translated by People's Daily Online

The 10th prime ministers' meeting of the Shanghai Cooperation Organization (SCO) kicked off in Saint Petersburg, Russia on Nov. 6.

Major goals of the meeting include implementing the consensus reached at the Astana Summit in June; carrying out in-depth discussions regarding current security, economic and cultural cooperation within the SCO framework; developing plans for the development of the organization over the next 10 years, and further deepening economic cooperation amid the risk of a global double-dip recession. Working together to cope with severe challenges has become an urgent task for SCO member states.

Since its establishment 10 years ago, the Shanghai Cooperation Organization has been committed to two important objectives: maintaining stability and promoting economic development in central Asia. The organization introduced a plan for multilateral economic cooperation among member states in 2003.

Several programmatic documents, including a master plan for implementing multilateral economic cooperation, have been approved at the SCO premiers' meetings. Furthermore, SCO member states set priorities for internal cooperation and signed agreements on certain key cooperation projects at the premiers' meetings and all see promoting trade and investment facilitation as their primary task. All previous SCO premiers' meetings have greatly promoted regional economic cooperation.

The Shanghai Cooperation Organization regards transportation, energy, communication and agriculture as the prior cooperative areas and has made certain achievements and brought practical benefits for the economic developments of its member countries.

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