Reaffirming their support for China’s ‘Belt and Road Initiative’ (BRI) initiative, the Republic of Kazakhstan, Kyrgyz Republic, Islamic Republic of Pakistan, Russian Federation, Republic of Tajikistan, and the Republic of Uzbekistan note the ongoing work to jointly implement this project, including efforts to link the construction of the Eurasian Economic Union and BRI, it said.u00a0
They spoke in favor of implementing the roadmap for a gradual increase in the share of national currencies in mutual settlements by the interested member states, it added.
Source:- MSN
The declaration said the member states also considered it important to ensure the implementation of the SCO Economic Development Strategy 2030 adopted by interested member states and projects aimed at promoting cooperation in areas of the digital economy, high technology, and modernization of existing international routes for road and rail transport.
In his opening remarks at the summit, Prime Minister Narendra Modi highlighted the need for boosting connectivity but asserted that it is essential to respect the basic principles of the SCO charter, especially the sovereignty and territorial integrity of member states while making such efforts.
Source:- Times Now.
The summit, chaired by PM Modi, was joined by Chinese President Xi Jinping, his Russian counterpart Vladimir Putin, Pakistan PM Shehbaz Sharif, and other leaders of the grouping.Strong connectivity is crucial for the progress of any region. Better connectivity not only enhances mutual trade but also fosters mutual trust, he said.
u00a0However, in these efforts, it is essential to uphold the basic principles of the SCO charter, particularly respecting the sovereignty and regional integrity of the member states, PM Modi said.
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