During the first phase of [the organization’s] institutional development, the focus was on security issues, but recently the economic agenda has been expanding more and more and is having a major effect. Of course, no one has taken security issues off the agenda, but the regulatory framework in the economic sphere has gone into overdrive over the last five years — Rashid Alimov, Professor, Taihe Institute; Secretary General, Shanghai Cooperation Organisation, (2016–2018).
Our colleagues from Uzbekistan are currently engaged in complex preparations for the upcoming SCO summit. Around 40 documents are expected to be adopted at the end of the summit, most of which will be devoted to issues of trade and economic cooperation. The upcoming summit will focus on accelerating trade and economic cooperation. The SCO has always been an organization where national and regional interests can be combined — Rashid Alimov, Professor, Taihe Institute; Secretary General, Shanghai Cooperation Organisation, (2016–2018).
It is interesting that we’ve turned out to be very capable at negotiating at the SCO Interbank Consortium – a rarity for an association with such a diverse set of members. For example, we approved a document entitled “Framework Principles on Financial Interaction and Cooperation of SCO IBC Member Banks”. Its first few clauses contain commitments related to the opening of correspondent accounts — one of the most complex and sensitive topics in the current development of the global economy, and not only for our association — Sergey Storchak, Senior Banker, VEB.RF.