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President Hu Jintao called to deepen SCO members' economic cooperation |
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16:42, June 17, 2009 |
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Chinese President Hu Jintao on Tuesday called on the member states of the Shanghai Cooperation Organization (SCO) to deepen economic cooperation and hailed the development of the SCO.
"The SCO members need to hold hands to jointly cope with the impact of the international financial crisis, and to push for the recovery of world economy," said President Hu.
To realize this goal, Hu suggested SCO member states enhance coordination in macroeconomic and financial policies, expedite the implementation of energy, transportation, and telecommunication network programs, actively promote cooperation in new industries, push for more convenient trade, and protect an open and free environment for trade and investment.
He said member states should establish a financial dialogue mechanism, and strengthen multilateral cooperation in science and technology, in a bid to improve productivity through technological innovation.
The Chinese president said China would strictly abide by its promises to continue to support the bilateral and multilateral programs within the bloc. China would therefore provide a 10-billion-U.S. dollar credit loan to SCO member states, the Chinese leader said, and will send trade and investment teams to the member states to discuss possible trade and investment projects.
In the past year, cooperation in various fields among the SCO members has developed in parallel, while mutual political trust and traditional friendship has been continuously enhanced and consolidated, Hu said.
Trade and investment has grown steadily, and such cooperation in disaster relief, culture, health and tourism has been steadily deepened, and the notion of a friendship running from generation to generation has sunk deep, He added.
Founded in 2001, the SCO consists of Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization.
By People's Daily Online
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