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Central Asian countries: promoting the regional economic cooperation of the Shanghai Cooperation Organization Central Asian countries: promoting the regional economic cooperation of the Shanghai Cooperation Organization. In recent years, under the multilateral framework of the Shanghai Cooperation Organization (hereinafter referred to as the Shanghai Cooperation Organization), China and Central Asian countries focus on Trade and investment facilitation and large project cooperation

the Central Asian countries are located in the heart of Eurasia. They are rich in strategic resources. They are an important bridge for political and economic exchanges between China and Europe. In recent years, under the multilateral framework of the Shanghai Cooperation Organization (hereinafter referred to as the SCO), China has made substantial progress in regional economic cooperation with Central Asian countries focusing on Trade and investment facilitation and cooperation in large projects. The scale of intra regional trade has expanded year by year, and cooperation in energy, transportation, telecommunications, mining and other fields has been gradually deepened, and the level of cooperation has been continuously improved

under the new background of increasing global and regional challenges such as the international financial crisis, further exerting the driving force of SCO regional economic cooperation is of great significance to enhance regional cohesion, promote sustainable regional economic development, and promote economic and trade cooperation between China and Central Asian countries

The SCO was established in 2001 and developed from the "Shanghai Five" summit mechanism. On september25,2003, the prime ministers of the six SCO countries signed the outline of multilateral economic and trade cooperation among SCO member states in Beijing, defining the basic objectives and tasks of the SCO regional economic cooperation, as well as the priority directions and areas of cooperation. Taking this as a sign, the SCO regional economic cooperation has stepped into the substantive implementation stage. On October 14, 2009, the prime ministers of SCO Member States issued the joint communiqu é of the meeting of the Council of heads of government (prime ministers) of SCO member states in Beijing, which further reaffirmed that SCO will vigorously carry out exchanges and cooperation in the fields of economy and trade, energy and resources, agriculture, transportation, communications, quality inspection, culture, health, environmental protection and so on, so as to improve the economic competitiveness of Member States and the ability to jointly prevent risks

in the eight years since its establishment, the legal framework, organizational mechanism and development objectives of SCO regional economic cooperation have been established, the cooperation mechanism has been continuously improved, the scale and fields of cooperation have been continuously expanded, the intra regional trade and investment environment has been gradually improved, and important phased results have been achieved in the cooperation in culture, energy, environmental protection and other fields. At present, SCO has become one of the most important multilateral cooperation mechanisms between China and Central Asia

-- regional trade continued to develop rapidly and the commodity structure was further optimized

after eight years of development, the economic and trade relations among SCO member states have continued to develop rapidly, and the proportion of trade volume in their total foreign trade has increased year by year. In 2008, the trade volume between China and the SCO member states reached US $86.8 billion, which was US $12.1 billion less affected by the constant tensile stress than that in 2001 (generally neglected), with an average annual growth of more than 30%, realizing ahead of schedule the assumption put forward by Premier Wen Jiabao in 2006 that the trade volume would exceed US $80billion by 2010

secondly, the structure of trade commodities among member countries was further optimized, and economic complementarity was enhanced. China's export of mechanical and electrical products has become the main driving force for the rapid growth of exports to Central Asia and Russia, accounting for more than 30%. Among China's imported commodities, resource commodities and raw materials account for more than 70% of China's total imports. With the steady economic development and expansion of domestic demand in various countries, the huge development potential of economic and trade cooperation between China and SCO member states will be further exploited

-- the scale of investment has expanded rapidly and the investment field has been gradually broadened

with the gradual deepening of economic and trade cooperation, investment has gradually become an important direction of cooperation among SCO member states. In recent years, member states have actively adjusted policies and regulations related to investment. The social, economic and regulatory environment for investment has been significantly improved, the scale of mutual investment has expanded rapidly, and the investment field has been gradually broadened. By the end of 2007, China's non-financial direct investment in Central Asia and Russia had reached US $2.1 billion. Chinese enterprises have invested more than US $6billion in projects such as the acquisition of oil assets in Kazakhstan by multinational companies, the investment in the exploitation of oil blocks in Kazakhstan and the construction of China Kazakhstan oil pipelines. SCO member states have become key regions for China's foreign direct investment. Accordingly, SCO member states have also continuously expanded their investment in China. By the end of 2007, the cumulative amount of investment contracts in China had exceeded 2billion US dollars

with the rapid expansion of investment scale, the investment field has also been further expanded. The data shows that the investment fields among SCO member states have gradually expanded from trade, forestry, agriculture and processing industry before 2003 to resource development, infrastructure construction, machinery manufacturing, agriculture and agricultural product processing, service industry and other fields

-- large scale cooperation projects continue to appear

at the Shanghai summit of the SCO in 2006, President Hu Jintao put forward an initiative to focus on promoting networking projects in priority cooperation areas such as energy, transportation and telecommunications, which received positive response and support from all parties. Over the past few years, member states have made full use of the important platform of SCO to actively promote cooperation in large-scale projects. With the support of China's preferential credit and SCO UnionPay and other funds, a number of economic cooperation projects such as China Kyrgyzstan Uzbekistan highway, Tajikistan Uzbekistan highway and transmission and transformation lines in Tajikistan have been successfully launched and are playing a decisive role in the measurement of tension accuracy and are being actively implemented

at present, the transportation corridor planning connecting Western China and Western Europe is under active discussion. China Kyrgyzstan Uzbekistan optical cable, E40 highway and other projects make the energy, transportation, telecommunications and other networks connecting the region take shape. The smooth implementation of these large-scale cooperation projects has strengthened the economic ties and interdependence among Member States

-- energy cooperation is progressing smoothly and has great potential

among the SCO member states, Russia and the four Central Asian countries are all energy rich countries, and the energy industry has increasingly become the pillar of their national economies. Energy cooperation is an important part of enhancing mutual trust, mutual benefit and win-win results among SCO member states. In september2003, SCO established the senior officials' committee of the Council of Ministers of economy and trade and the professional working group of relevant parties, providing a mechanism guarantee for the realization of the objectives of regional economic cooperation. Since then, member states have established 19 projects in the field of energy to carry out bilateral and multilateral cooperation around the outline of multilateral economic and trade cooperation among SCO member states. The complementarity of energy and resources has driven the economic development, transportation, infrastructure construction, energy consumption structure and the improvement of people's lives in various countries. On december14,2009, the China Central Asia natural gas pipeline was officially opened, marking significant progress in win-win cooperation between China and Central Asia, including SCO member states

-- Member States work together to cope with the financial crisis of the international gold composite polyurethane adhesive as a new material

the international financial crisis sweeping the world has brought pressure and challenges to the SCO regional economic cooperation. Since the second half of 2008, with the withdrawal of a large number of foreign capital, there has been a shortage of liquidity funds in SCO member states, project investment has decreased sharply, and unemployment has increased. In the face of complex situations, the SCO has taken the initiative to coordinate the positions of various countries, conducted close exchanges, worked together to jointly address challenges, and played an important role in promoting regional security and stability and prosperity of the regional economy

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