Economic integration

Ambassador Usmanov – Latest News – The Nation

ISLAMABAD – Uzbekistan’s Ambassador to Pakistan Aybek Arif Usmanov said on Sunday that member countries of the Shanghai Cooperation Organization (SCO) could play a key role in global and regional economic and trade integration in the current scenario.

The Shanghai Cooperation Organization (SCO) has important member countries in terms of geoeconomic and geopolitical position, including developed economies, which can play an important role in the development of global and regional economies through this platform. organizational,” said Uzbekistan’s ambassador to Pakistan. media here.

The trade and economic bloc of SCO countries can combine European Union and Eurasian markets for commercial interests by merging South Asia and Central Asia, he said. The Ambassador said that similarly, global trade can be linked by accessing the market of key trading regions such as the Association of Southeast Asian Nations (ASEAN) and the Middle East through the through this important global trading bloc, which is expected to accelerate in the world of trade. He said that Uzbekistan, as the chairman of the 2022 annual summit of the Council of Heads of State of the SCO, rises on September 15-16 in Samarkand.

The Uzbek ambassador said that Pakistan and Uzbekistan have a very important role to play in the trade and economic integration of SCO member countries, which will usher in a new era of economic integration in all member countries. . He said technology, information technology and renewable energy will be the main topics of the SCO summit this year, which will help reshape trade and economic relations among member countries. There will also be sessions on telemedicine at this year’s summit, which has led to the introduction of many facets in the medical field after COVID-19, which could open up new avenues for economic cooperation in states. members, he said. He said that at the same time, member states should sign renewable energy agreements.

He said empowerment of women is a major issue that will be discussed in member countries and a future strategy will be developed on this. The ambassador said that the leaders of SCO countries, including Central Asian countries, are now fully committed to the economic and trade integration of member countries and to increasing bilateral trade and economic activities.

Ambassador Usmanov said road and rail facilities and connections are very important in bilateral and transit trade, which will increase economic activities in SCO countries. He said that the logistics and transport sector is of utmost importance in this regard and needs to be strengthened.

Trade and economic bloc of SCO countries can combine EU and Eurasia markets for trade interests by merging South Asia and Central Asia

He said the sea routes must be opened for trade and currently a trade agreement has been signed between Pakistan and Uzbekistan through the ports of Karachi and Gwadar. He said that in this regard, a connectivity terminal will be built in the city of Tirmuz in Uzbekistan, which will connect Pakistan with Central Asian countries, including Euroasain and European and maritime markets.

He said SCO member countries need to be connected to Iran’s ports of Chabahar and Bandar Abbas in order to be commercially and economically connected to markets in the Middle East and other ASEAN countries. “We need a new economic dimension and a paradigm shift to increase our bilateral and transit trade,” he said. Likewise, new drivers of economic growth, including technology, information technology and e-commerce, must be embraced, he added. He said there was strong hope that regional trade and economic relations at the multilateral level would increase.

In response to a question, he said that in addition to agreements between Pakistan and Uzbekistan at the national level, there are now plans to strengthen bilateral economic and trade relations between provinces and major cities. According to him, agreements have been reached between Punjab province in Pakistan and Namangan province in Uzbekistan. Similarly, agreements have been concluded with the Pakistani cities of Lahore and Peshawar and the Uzbek cities of Samarkand and Surkhandarya to increase economic cooperation. Ambassador Usmanov said that Uzbekistan is committed to economic connectivity, development and regional prosperity, which will lead to harmony and peace in the region. This requires a strategy and joint efforts of SCO member countries, he said.

He said the SCO Summit will feature 80 sessions in which member countries will focus on tourism, technology, transportation and industrial innovation. Thus, there will be 40 different sessions of the summit in the city of Samarkand for which various sectors, hotels and tourist places are being built for the convenience of delegates coming to the city.