India hosts 19th meeting of SCO Ministers handling economy and foreign trade

India hosts 19th meeting of SCO Ministers handling economy and foreign trade

India hosts 19th meeting of SCO Ministers handling economy and foreign trade: India hosted the 19th Meeting of the Shanghai Cooperation Organisation (SCO) Ministers responsible for Foreign Economy and Foreign Trade Activities.

Participate by

The virtual meeting was attended by the Secretary General of SCO and Ministers from, Kyrgyz Republic, Kazakhstan, Pakistan, Russia, Tajikistan and Uzbekistan.

19th meeting of SCO Ministers handling economy and foreign trade meeting four documents were adopted. These were:-

1. Statement on the response to Covid-19. It reinforces the need for greater cooperation for access to medicines and facilitation of trade.
2. Statement on the Multilateral Trading System of Ministers of SCO Countries who are WTO Members. This statement highlights the importance of the rules based multilateral negotiations.
3. Statement on SCO Cooperation on Intellectual Property Rights (IPR). It relates to cooperation of intellectual property and include sharing information/experience on legislation and enforcement, cooperation in international organisations and other areas.
4. Action Plan for Implementation of MOU to stimulate cooperation within the framework of SCO in the field of MSMEs. It looks at number of areas of cooperation among MSMEs, including exchange of information, organisation of events and collaboration on research and capacity building.

In his concluding remarks, Shri Piyush Goyal Minister of Commerce and Industry emphasised that all these outcomes of the meeting are very important milestones for the SCO solidarity.

Also Read: Third India-US 2+2 Dialogue 2020 held in New Delhi