On August 16, the 2nd Economic Forum of the Shanghai Cooperation Organization started its work in the capital of Uzbekistan within the framework of Uzbekistan’s SCO Chairmanship, the press office of the Ministry of Investments and Foreign Trade of Uzbekistan reported.
The forum is being held in a hybrid (online and offline) format. The heads of economic ministries and departments, commercial banks, industry agencies, chambers of commerce and industry and state corporations from the SCO Member States are attending the forum.
The ministers of economy and the SCO Secretariat officials took part in a plenary session. In his opening remarks, First Deputy Minister of Investments and Foreign Trade of Uzbekistan Aziz Voitov underlined the importance of cooperation in enhancing the investment potential of the SCO Member States, strengthening trade relations, fostering transport and logistics cooperation and achieving food security.
The participants noted that external trade of the SCO Member States increased by a third and reached $8 trillion, while trade within the Shanghai Cooperation Organization increased by almost 40 percent in 2021.
The panel session focused on the implementation of the regional transport projects, including the China-Kyrgyzstan-Uzbekistan railway and the trans-Afghan railway corridor.
The SCO Industrial Innovation Fair and a series of meetings between the delegations of the participating countries took place on the first day of the forum.