Shanghai Cooperation Organization members, including Kyrgyzstan, are going to form a joint approach to crisis management and regional economy development, 24.kg reported. The Joint Initiative of Global Economic Crisis Counteraction was reportedly elaborated by China.
"SCO members should have a joint opinion for the world community. Our states should make joint efforts to overcome any crisis and gain future prosperity of SCO," Deputy Minister of Commerce of the Chinese People's Republic said.
The Initiative includes three basic aspects: strengthening of multilateral cooperation, overcoming of negative crisis effects, and sustainable economic development of the region. The SCO leaders are expected to sign the document on October 14, 2009.
Therewith, China has introduced another initiative, supported by the ministers' council. China offered to monitor the mechanism of SCO economic development.
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