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🔹The Shanghai Cooperation Organization (SCO) Summit was completed on October 16th 2024 in Islamabad, Pakistan. A main agenda of the summit is combating cross-border terrorism, with a focus on isolating countries that harbor terrorists and enhancing the Regional Anti-Terrorism Structure.
🔹SCO nations stated that they are against unilateral sanctions and restrictions that undermine the international trading system. The PM's signed a resolution on the concept for developing the "New Economic Dialogue" between the SCO member states. Proposals for the creation of an independent settlement-clearing mechanism and the convergence of payment systems were also among the issues discussed.
🔹The unilateral application of sanctions is incompatible with the principles of international law and has a negative impact on third countries and international economic relations. Several member countries have proposed establishing closer ties between the Eurasian Economic Union (EAEU) and China's One Belt, One Road investment initiative.
🔹China's Premier Li Qiang proposed closer tri-lateral ties with Russia and Mongolia (SCO observer state). Mongolia is on the planned route of a major pipeline that Russia wants to build to carry 50 billion cubic meters of natural gas each year from its Yamal region to China.
🔹 Given the nearly frozen diplomatic relations between India and Pakistan, India's FM Jaishankar’s presence at the SCO signaled that India remains open to participating in regional multilateral forums, even when hosted by Pakistan.
🔹Russian PM Mishustin acknowledged Afghanistan’s strategic position and its potential as a transit hub for trade. He emphasized that a stable Afghanistan is vital for realizing these opportunities and called for international support to ensure its stability.
Video source RT News
🔹SCO nations stated that they are against unilateral sanctions and restrictions that undermine the international trading system. The PM's signed a resolution on the concept for developing the "New Economic Dialogue" between the SCO member states. Proposals for the creation of an independent settlement-clearing mechanism and the convergence of payment systems were also among the issues discussed.
🔹The unilateral application of sanctions is incompatible with the principles of international law and has a negative impact on third countries and international economic relations. Several member countries have proposed establishing closer ties between the Eurasian Economic Union (EAEU) and China's One Belt, One Road investment initiative.
🔹China's Premier Li Qiang proposed closer tri-lateral ties with Russia and Mongolia (SCO observer state). Mongolia is on the planned route of a major pipeline that Russia wants to build to carry 50 billion cubic meters of natural gas each year from its Yamal region to China.
🔹 Given the nearly frozen diplomatic relations between India and Pakistan, India's FM Jaishankar’s presence at the SCO signaled that India remains open to participating in regional multilateral forums, even when hosted by Pakistan.
🔹Russian PM Mishustin acknowledged Afghanistan’s strategic position and its potential as a transit hub for trade. He emphasized that a stable Afghanistan is vital for realizing these opportunities and called for international support to ensure its stability.
Video source RT News