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Union Commerce and Industries Minister chairs 19th SCO foreign trade and economic ministers meet.

  • Posted By
    10Pointer
  • Categories
    International Organisation
  • Published
    29th Oct, 2020

Piyush Goyal chair to the meet, remarked “countries have to leverage their Economic Strength to enhance trade and investment in the region”.

  • Piyush Goyal chair to the meet, remarked “countries have to leverage their Economic Strength to enhance trade and investment in the region”.
  • The SCO countries collectively account to 1/7 the of global trade in goods and 1/8th of global trade in commercial services. This can help in enhancing the speed of recovery from the covid-19 pandemic and global economic growth.
  • SCO adopted documents on;
    1. Initiatives on multilateral trading system: Under the statement of multilateral trading system, the countries that are the members of World Trade Organization highlighted that rule based multi-lateral negotiation is essential to improve economic growth.
    2. Intellectual property rights: The statement on intellectual property right emphasized on sharing information and experience about enforcement and legislation and also cooperation in multilateral organizations.
    3. Response to covid-19 and MSME

Verifying, please be patient.

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