Prime Minister Shahid Khaqan Abbasi today participated in the 16th Meeting of the Council of Heads of Government of the Member States of Shanghai Cooperation Organization (SCO) in Sochi, Russia, on the invitation of Chairman of the Government of Russian Federation, H.E. Mr. D.A. Medvedev. A restricted meeting of SCO member states was held earlier in the day in which the Prime Minister also took active part. All participating states welcomed Pakistan’s presence in the meeting for the first time as SCO full member, adding that the expansion of SCO membership with Pakistan and India, further strengthened SCO.
The Council of the Heads of Government exchanged views on the contemporary economic situation, including that in the SCO. Matters pertaining to economic development and regional integration amongst SCO Member States were also considered.
Speaking at the both the restricted and extended meeting of the Heads of Government meeting, Prime Minister Abbasi thanked all member states for supporting Pakistan’s membership of SCO. The Prime Minister added that Pakistan will work with SCO countries to foster a favorable environment for economic, trade, investment and technological cooperation. He also expressed interest in promoting cooperation in the field of energy.
Prime Minister Abbasi advocated development of mutually beneficial, transparent and inclusive multilateral trading system under the ambit of SCO. He underscored that China Pakistan Economic Corridor complemented SCO’s agenda of regional economic integration and connectivity. Highlighting the importance of economic cooperation and regional connectivity the Prime Minister offered to connect CPEC to the 6 main trade corridors of SCO which, he said, will fulfill the long cherished aspiration of regional land and marine connectivity between Eurasia, Central Asia, China and South Asia.
Prime Minister also underscored the importance of strengthening future SCO cooperation in the field of multilateral trading system, trade facilitation and removal of tariff and non-tariff barriers. Appreciating the efforts of SCO Business Council and Interbank Association, he called for early establishment of SCO Development Bank and Development Fund.
The Prime Minister urged further investment in the fields of health, tourism, education, sports culture and people to people contacts.
The Prime Minister added that Pakistan intends to play an active role in the peace, stability and development of the region.
In the context of SCO’s Regional Anti Terrorist Structure (RATS) the Prime Minister reiterated Pakistan’s commitment to support SCO in its fight against the three evils of Terrorism, Separatism and Extremism.
The Prime Minister appreciated revival of SCO-Afghanistan Contact Group to support Afghanistan’s efforts for peaceful political settlement and combating security and terrorism threats.
The Prime Minister also had bilateral meetings with the Prime Ministers of Russia, China and Kyrgyzstan and interacted with the Heads of Government participating in the meeting. The Council adopted a number of decisions related to budget, financial and administrative matters of SCO. The Joint Communiqué issued by the Council focused on the economic, trade, energy, connectivity and social sector cooperation.