MIFT experts discussed measures to eliminate the economic consequences of the pandemic at the SCO site
22/10/2020 16:50
MIFT experts discussed measures to eliminate the economic consequences of the pandemic at the SCO site
22/10/2020 16:50
Tashkent, Uzbekistan (UzDaily.com) -- A regular meeting of the Commission of Senior Officials (CSO) of ministries and departments of the SCO member states responsible for foreign economic and foreign trade activities was held in the format of a video conference. The Republic of Uzbekistan was represented by responsible leaders and employees of the Ministry of Investments and Foreign Trade (MIFT).
Reducing the negative impact of the consequences of the COVID-19 pandemic on the economies of the SCO member states was identified as one of the priority tasks in the framework of further cooperation. MIVT experts discussed with colleagues from other countries the implementation of a set of measures for an early exit to positive development trends. Among the practical measures aimed at overcoming the crisis, they singled out the intensification of joint analytical activities of the SCO member states in the economic sphere, as well as the acceleration of the procedures for agreeing documents planned for submission to the supreme bodies of the organization.
The main part of the agenda was devoted to the preparation of the upcoming Meeting of Ministers of the SCO Member States Responsible for Foreign Economic and Foreign Trade, which will take place at the end of October. The CSO members paid special attention to the discussion of the Action Plan for the implementation of the updated Program of Multilateral Trade and Economic Cooperation of the SCO Member States.
It was noted that the SCO leadership prioritizes the organization’s activities to develop effective measures aimed at improving the living standards of the population in remote areas and rural areas, which is especially important in the context of prolonged economic instability caused by the coronavirus pandemic. Accelerated development of these regions, and bridging the gap in citizens’ access to high-quality infrastructure and economic benefits can become points of growth for all member countries of the organization. It is on this that the corresponding Action Plan is focused, in the development of which the experts of the Ministry are actively involved.
The CSO carries out its activities at the Meeting of Ministers of the SCO Member States in charge of foreign economic and foreign trade activities, in order to implement the provisions of the Program of Multilateral Trade and Economic Cooperation of the SCO Member States. The meetings of the Commission are held twice a year with the participation of the heads of the relevant structural units of the relevant ministries and departments.
The CSO coordinates the actions of special working groups on the development of transit potential, electronic commerce, modern information and telecommunication technologies, customs cooperation, as well as on assistance in the implementation of investment projects.
The draft Action Plan was prepared in order to implement the updated Program of Multilateral Trade and Economic Cooperation of the SCO Member States, approved during the meeting of the Council of Heads of Government of the SCO Member States, held in Tashkent in November 2019.
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