Union Commerce and Industries Minister chairs 19th SCO foreign trade and economic ministers meet.
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10Pointer
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International Organisation
- Published
29th Oct, 2020
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- 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;
- 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.
- 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.
- Response to covid-19 and MSME
