SCO Business Conclave: "Enhancing Economic Sustainability, Using Regional Complementarity"
Tashkent, Uzbekistan (UzDaily.com) -- On 23 November 2020, the SCO Business Conclave "Increasing Economic Sustainability, Using Regional Complementarity", organized by the national part of the Republic of India of the SCO Business Council, was held.
It was attended by over 200 representatives from governments, business and academia, entrepreneurs and experts in trade and industry.
The event was attended by SCO Secretary General Vladimir Norov.
In his speech, he noted the results of the summit of the SCO heads of state held on 10 November 2020, the strengthening of the demand for the SCO, despite the difficulties caused by COVID-19, as an effective platform for developing collective measures to overcome the epidemiological, political and socio-economic consequences of the pandemic based on the principles "Shanghai spirit".
The SCO Summit approved the Action Plan for 2021-2025 for the implementation of the SCO Development Strategy until 2025, which has essentially become the Organization’s “roadmap”.
“It envisages the holding in the coming years of about 150 practical events across the entire spectrum of multifaceted cooperation, which are aimed at the earliest recovery of the economies of the Organization’s member states after the pandemic and further intensification of multifaceted trade and economic cooperation.
In the Moscow Declaration adopted at the end of the summit, the leaders of our countries called for further strengthening cooperation in the field of trade, production, transport, energy, finance, investment, agriculture, customs, telecommunications, information technology, innovation and other areas of mutual interest in order to open, inclusive, innovative, green and sustainable development ”.
The speech highlighted the new opportunities that have arisen during the crisis from the pandemic. First of all, accelerating the digital transformation process in almost all sectors of the socio-economic life of states.
“In 2019, global online retail sales were US$3.5 trillion. Total global online retail sales are estimated to reach nearly US$5 (4.878) trillion by 2021, accounting for 17.5% of total global retail sales.
It is clear that the benefits of the digital economy and cross-border e-commerce will be an important element in the recovery of the global economy, spur social mobility, and ensure greater economic participation of marginalized populations.
The Alibaba Group’s experience shows how the digital economy can be integral to unlocking new opportunities and driving inclusive growth - creating over 46 million direct and indirect jobs in China and empowering tens of millions of SMEs and startups through their platforms. Thus, conditions are created for small and medium-sized businesses to engage in cross-border e-commerce and export their goods to China.
The Program of Multilateral Trade and Economic Cooperation of the SCO Member States, approved in November 2019 at a meeting of the Council of Heads of Government of the SCO in Tashkent, opens the way to comprehensive diversified cooperation based on digitalization and high technologies.
Therefore, the issue of digital literacy for the SCO countries is relevant today.
In this regard, the President of Uzbekistan Shavkat Mirziyoyev at the Moscow SCO summit proposed the development of a cooperation program for the development of digital literacy. A similar document, the so-called. The Digital Initiative is developed by ASEAN.
We hope that the SCO Business Council will initiate the development of cooperation programs for the development of digital literacy and the development of cross-border trade in the SCO space. The SCO Secretariat is ready to provide all-round support in this matter,” noted the SCO Secretary General.
Further in his speech, Vladimir Norov noted the important role and uniqueness of traditional medicine, especially in the fight against the COVID-19 epidemic.
He commented on the speeches of the President of the People’s Republic of China Xi Jinping and the Prime Minister of India Narendra Modi, voiced at the SCO Summit, on the importance of traditional medicine, intensifying the processes of mutual exchange of knowledge and experience. They noted the proposal of India to create a working group on traditional medicine with the aim of spreading knowledge about this ancient direction in the SCO space with the possibility of their subsequent implementation in the achievements of modern medicine.
In this context, the Secretary General highly appreciated the results of the SCO Forum of Traditional Medicine (July 30, 2020) and the Seminar on Cooperation in Traditional Medicine (on 22 September 2020), held by both countries. He noted the readiness of the participants to unite efforts to assist in strengthening public health in the Organization’s space and proposed to develop a program of multilateral cooperation within the SCO in the field of the development of traditional medicine.
In general, the participants in the Business Conclave exchanged views on issues of further economic cooperation and sectoral interaction of the SCO in the context of implementing the priorities of the SCO development in the economic sphere. We discussed measures to strengthen business activity and the general economic structure of the SCO member states in the post-pandemic period.