ANI
29 Sep 2022, 16:07 GMT+10
New Delhi [India], September 29 (ANI): Minister of State for Commerce and Industry, Anupriya Patel has said constructive cooperation coupled with trust and transparency is vital to tap the trade potential of SCO Member States.
Anupriya Patel made these remarks on Wednesday during a virtual intervention at the 21st Meeting of Shanghai Cooperation Organisation (SCO) Ministers responsible for Foreign Economy and Foreign Trade.
The Minister mentioned the opportunities available in the SCO region for mutually beneficial, balanced and equitable gains for all SCO Members, according to a Commerce Ministry press release. She stressed on the need for effective cooperation between SCO Member States for a balanced and equitable growth in trade and commerce.
She underscored the importance of collective efforts to achieve balanced and equitable economic growth by way of making trade as an engine of reviving growth and driver of economic recovery. She emphasised that trust and transparency determine the sustainability of global trade and preserving the fundamental principles and objectives of the multilateral trading system. She stressed on the need to work towards enhancing affordable access to medicines, therapeutics, vaccines as well as health care at affordable prices for fighting any pandemic, such as Covid-19 to preserve the life, livelihood, food and nutritional security of the poorest. To bring prosperity for the humankind, MOS emphasised the need to share the best practices on technological development, optimum utilization of resources, conservation of environment, sustainable distribution of resources so that present and future generation have adequate resource to live with, in a happy environment.
On the issue of environment, MOS expressed that the climate agenda at world forum should not be used to introduce measures restricting trade and investment cooperation. MoS also highlighted that there is a significant gap in digital technologies between developed and developing countries which needs to be narrowed down by building digital capacities. She lauded the recent initiative of SCO, wherein City of Varanasi has been nominated as the first-ever SCO Tourism and Cultural Capital for the period of 2022-2023. She expressed hope that this will help promote tourism and people-to-people interaction and boost trade and economic cooperation. In her concluding remarks, MOS emphasised that SCO members must prepare, act and pursue an agenda that is equitable, inclusive and development-oriented. The virtual meeting was attended by the representative of SCO Secretariat and Heads of Delegations of China, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. (ANI)Get a daily dose of South America Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South America Times.
More InformationWASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
(250707) -- RIO DE JANEIRO, July 7, 2025 (Xinhua) -- Chinese Premier Li Qiang addresses a plenary session of the 17th BRICS Summit...
Brasilia [Brazil], July 8 (ANI): Prime Minister Narendra Modi received a warm welcome at the Brasilia airport on his arrival, with...
(250708) -- MONTEGO BAY, July 8, 2025 (Xinhua) -- Barbados Prime Minister Mia Amor Mottley delivers a speech at the opening ceremony...
Brasilia [Brazil], July 8 (ANI): Prime Minister Narendra Modi greeted and interacted with members of the Indian diaspora upon his arrival...
Brasilia [Brazil], July 8 (ANI): Prime Minister Narendra Modi arrived in Brasilia on Monday evening (local time) for his State Visit...
(Photo credit: Bill Streicher-Imagn Images) Veteran guard Kyle Lowry, who spent parts of the last two seasons playing in his hometown...