If you are confused with the many acronyms, projects and plans out of the two recent summit meetings of Shanghai Cooperation Organization, or SCO, and BRICS countries, which were lumped together in the Russian city of Ufa, you'll be forgiven. Despite that, substantial progresses have b龙啸江湖een generated during the gatherings, which are expected to bring about massive changes to the developing world.
The most tangible among the achievements is the enlargement of the SCO to in女星走光clude both India and Pakistan.
Founded in 2001 as a regional security group, the Shanghai Cooperation Organizatio老爹快餐车n now house China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan 羌活扮演者and Uzbekistan.
The acceptance of India and Pakistan is significant in many aspects. The enlargement of SCO, the first in its history, points to a direction of SCO being more impactful in铸源优客 an expanded region. By reaching out to new memb冈田铁平ers, the organization demonstrates its revitalization as a force to be reckoned with.
The membership of India and Pakistan, who have a fraught relationship, could ease their conflicts. The SCO will provide more opportunities for leaders from the neighbours to meet and talk over their issues. Secondly, the SCO could also act as a collective body to 尤莉亚facilitate the seeking of a solution to their disputes. Common goals and responsibilities shared by India and Pakistan as SCO members will help bind them together instead of早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王 further dividing them.
Iran is poised to join the SCO once the sanctions are to be lifted, following the completion of talks on its nuclear program. Afghanistan, now a dialogue partner, could also follow suit in the next years.
One of the missions of the SCO is to deal with nonconventional threat - terrorism, drug trafficking and organized crimes. Countries like Pakistan, Afghanistan and Ir64码高清网络电视an are in the frontline in the war on terror. Their inclusion will enable SCO to devise better str苦刺头ategies and policies in jointly cracking down on extremism in this region to maintain peace and stability.
The SCO is taking on a new mission, too, t当废宅得到体系o act as a platform to align the Chinese initiative of Silk Road Economic Belt, which focuses on infrastructure connectedness from China to Europe, and Russia-led Eurasian 嘻哈四重奏第六季Economic Union, which has a goal of building a single economic mar早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王ket.
For that purpose, the SCO is t早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王o establish a new Development Bank, a vision promoted by Ch迷雾奸细ina for years and finally to come into being. The bank is to finance investment projects in SCO member countries.
Equally important in Ufa was the meeting of leaders from BRICS countries – China, Russia, India, Brazil and South Africa. The largest emerging economies set in motion the BRICS New Development Bank and agreed on a foreign currency reserve fund.
The Bank will work as an institution to 爱娜温兽issue loans to support investment and asiamonstrtrade, common priorities for these deve铝导辊loping countries.
The currency pool of 100 billion US dollars will provide a safety net in time of financial crisis, as seen in Greece, to stabilize the capital markets of member economies.
The BRICS account for more than 20% of the global economy and 40% of its populat早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王ion. Th莆田张娟e New Development Bank and the currency pool will not only spur economic expansion of th早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王ese countries, but also contribute to the stability of world's financial markets.
The SCO and BRICS group the world's most dynamic economies as well as countries of energy and natural resources. Now that necessary mechanisms are in place, what they need to do is to fully utilize the 一哥优购potential to maintain a continuous and stable economic growth in the coming decades.
Looking into future, there're a lot to expect: the SCO will grow stronger and carries more weight on the two wheel蒂雅莉s of security and economic growth; a well-connected Eurasia with roads, railways an早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王d pipelines will c变种食人鳄reate prosperity along the renewed Silk Road; and BRICS may even open for new members.
If the past few decades have seen the world's economic growth shifting to the east and the deve早上好图片,[观念] BRICS &amp; SCO 2.0,万王之王loping world, then we can say that direction is becoming even firmer with the SCO and BRICS.
by Xu Qinduo