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China to raise two proposals on SCO summit
www.chinanews.cn 2006-06-14 15:32:01
Chinanews, Beijing, June 14 (By Yu Lan) - The Shanghai Cooperation
Organization (SCO) will convene its sixth summit in Shanghai on June 15.
It was learned from China's Ministry of Commerce that in order to further
promote the development of the SCO's regional economic cooperation, China
will raise two proposals at the meeting.
A relevant official from the Ministry of Commerce said that China's first
proposal is to conduct joint research on the long-term development goals
to explore commonly accepted development modes of regional economic
cooperation.
The official pointed out that it has huge potential to propel in-depth
the process of integration in the region. If member countries can
eliminate non-tariff and tariff barriers amongst each other, they can
strengthen their economic relations through the free circulation of goods
and moreover, a unified market, which covers three fifths of Eurasia and
takes up one fourth of the total population of the world, will form. This
will help absorb capital, expertise and management experience within the
region and therefore further drive the economic development of each
country. In addition, considering the long-term development of regional
economic cooperation, regarding the establishment of free trade areas as
a long-term goal is an objective need to deal with economic globalization
and seek mutual development of member countries, in accordance with the
interests of each SCO party.
China's second proposal is to strengthen, with an open attitude, contact
and cooperation with international organizations and financial
institutions, in an effort to create favorable conditions for the
deepening of regional economic cooperation.
China believes that SCO's regional economic cooperation has large demand
for capital and expertise. The SCO should stick to the principle of
opening to reinforce contact with international organizations and
financial institutions, such as the Eurasian Economic Community, the
Asian Development Bank and the United Nations Development Programme and
to take advantage of their rich experience, capital and expertise, in
order to create good conditions for deepening economic cooperation within
the region.
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