Uzbekistan supports development of SCO states’ economic ties
Tashkent, Uzbekistan, Nov. 6
By Demir Azizov – Trend:
Uzbekistan supports the development of trade and economic relations of member countries of the Shanghai Cooperation Organization (SCO), said the country’s First Deputy Prime Minister Rustam Azimov.
He made the remarks during the meeting of the SCO Council of Heads of Government in Bishkek, the Uzbek Foreign Ministry’s Jahon news agency reported.
Currently, Uzbekistan, along with its partners – China, Russia and closest neighbors - Kazakhstan, Kyrgyzstan and Tajikistan have already taken concrete steps on the development of trade and economic and investment cooperation, the search of new opportunities, mutually acceptable and mutually beneficial solutions to these issues, noted Azimov.
Meanwhile, Uzbekistan is committed to broadening and deepening the constant dialogue with all partners: member and observer states at the SCO both on the interstate and regional level, which, according to Azimov, is a "major driving force for the expansion of mutually beneficial trade and economic cooperation.”
“Our region is a global transcontinental transport corridor, and we must much more effectively use the available opportunities, including the development of transportation by providing mutual benefits and preferences, implementation of a coherent and effective tariff policy,” he added.
He also noted that Uzbekistan supports the development of economically feasible transport and transit routes, effectively linking Central Asia through China and Russia to the markets of South-East and South Asia and Europe, as well as within China’s initiative to create the Silk Road Economic Belt.
Azimov said that one of the weaknesses of the SCO is the lack of an effective multilateral mechanism of financial support to the investment activity within the SCO.
Uzbekistan supports the creation of the SCO development bank, which is one of the most important factors of the development of investment cooperation, added the first deputy prime minister.
“We also support more active economic, investment, cultural and humanitarian cooperation with observer states and partners, the strengthening of cooperation and involvement of their vast potential in the sphere of joint activities within the SCO,” added Azimov.