SCO member states oppose protectionism, unilateral sanctions
(VOVWORLD) - The 23rd meeting of the Council of Heads of Governments of the Shanghai Cooperation Organization (SCO) concluded on Wednesday with the signing of a joint communique and decisions made on further building up trade and economic ties, as well as organizational activities of the SCO permanent bodies.
 The 23rd meeting of the Council of Heads of Governments of the Shanghai Cooperation Organization (SCO) in Islamabad, Pakistan, October 16, 2024. (Photo: Xinhua/VNA) |
At the summit in Pakistan’s capital city Islamabad, SCO members voiced concerns over shrinking investments, unstable supply chains, and market turmoil caused by protectionist measures and international trade barriers. They decried protectionist measures, unilateral sanctions, and trade restrictions that undermine the multilateral trading system and hinder sustainable development.
In his closing remarks, Prime Minister Muhammad Shehbaz Sharif announced the transfer of the Chairmanship of the Council to Russia. The next meeting of the Council will take place next year in Russia.