Shanghai Cooperation Organization (SCO). China Russian Federation

Also available in: Negocios Asia SCO Affaires Asie   Negocios Asia

Course summary Shanghai Cooperation Organization (SCO):

The Shanghai Cooperation Organization (SCO) is a permanent intergovernmental international organization creation of which was proclaimed on June 2001 in Shanghai (China) by the Republic of Kazakhstan, the People’s Republic of China, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan and the Republic of Uzbekistan (Central Asia). Its prototype is the Shanghai Five mechanism.

Its member states cover an area of over 30 million km2, or about three fifths of Eurasia, with a population of 1.455 billion, about a quarter of the world's total. Its working languages are Chinese and Russian.

- Observer states: India, Iran, Pakistan, Mongolia.

- Dialogue Partners: Belarus, Sri Lanka.

- Guest Attendances: Afghanistan, ASEAN, CIS, Turkmenistan.

Example of the course Shanghai Cooperation Organization (SCO):

According to the SCO Charter and the Declaration on the Establishment of the SCO, the main purposes of SCO are:
- strengthening mutual trust and good-neighborliness and friendship among member states;
- developing their effective cooperation in political affairs, the economy and trade, science and technology, culture, education, energy, transportation, environmental protection and other fields;
- working together to maintain regional peace, security and stability; and
- promoting the creation of a new international political and economic order featuring democracy, justice and rationality.

Economic cooperation is a key area of cooperation for the SCO and serves as the material foundation and guarantee for SCO's smooth development.

The SCO institutions consist of two parts: the meeting mechanism and the permanent organs. The highest SCO organ is the Council of Heads of State.

The Business Council of the Shanghai Cooperation Organization was created in accordance with the decision of the SCO Heads of State Council.

On 26 October 2005 the SCO Heads of Government (Prime Ministers) Council officially announced the creation of SCO Interbank Consortium and signed the Agreement on the IBC.

The members of the IBC are as follows: the Development Bank of Kazakhstan, the State Development Bank of China, the Bank for Development and Foreign Economic Affairs (Vnesheconombank) of Russia, the National Bank of Tajikistan and the National Bank for Foreign Economic Activity of Uzbekistan.

Topic: Globalization and regionalization