Leaders from the Shanghai Cooperation Organization (SCO) gathered in Tianjin this week for their annual summit, hosted by the Chinese mainland.
On Monday, they issued a joint statement supporting a rules-based multilateral trading system, emphasizing open markets, fair competition and reduced trade barriers. The move signals a unified stance at a time when global commerce is adapting to rapidly changing supply chains and regional trade pacts.
Representatives highlighted that protecting multilateralism can help emerging and developed economies alike by driving sustainable growth and fostering innovation. SCO member states span large and diverse markets, from Central Asia to South Asia, collectively contributing significant weight to the global economic landscape.
The statement also called for closer collaboration with institutions such as the World Trade Organization and encouraged dialogue platforms to address trade disputes constructively. Business leaders and young professionals are watching closely, as decisions made here could shape investment flows and startup opportunities across Eurasia.
As digital nomads and global entrepreneurs seek new markets, the reiteration of multilateral principles could pave the way for smoother cross-border e-commerce and tech cooperation. With sustainability and inclusivity on the agenda, the SCO’s unified message underscores the power of collective action in today’s interconnected economy.
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Leaders of SCO member states issue statement supporting multilateral trading system
cgtn.com
