Commodity turnover between SCO countries can reach $70 billion in case of activization of trade and economic cooperation - Nazarbayev
Dushanbe. August 29. Kazakhstan Today - In case of activization of trade and economic cooperation commodity turnover between the countries of Shanghai Cooperation Organization (SCO) can reach $70 billion. The President of Kazakhstan, Nursultan Nazarbayev, said during the expanded session of the leaders of SCO member states on Thursday, the agency reports referring to Asia-Plus. According to N. Nazarbayev, the main goal is formation of SCO Fund of development - body, which would mobilize financial resources for the purposes of economic integration of the countries. In case of successful economic integration in the region SCO member countries, according to the last expert forecasts, will provide up to 30 % of global gross national product by 2020 and commodity turnover can reach $70 billion in the nearest years. In the opinion of the Kazakhstan leader, trade and economic cooperation on SCO space has been developing slowly. "Quite naturally, trade and economic cooperation has recently occupied more and more important place in SCO activity. However, despite of considerable quantity of signed documents, real trade and economic partnership on SCO space has been developing slowly. We should analyze the situation seriously and take necessary measures for essential activization of trade and economic cooperation between our countries," the President of Kazakhstan noted.
Resourse: Kazakhstan Today