Business & Economy

SCO Member States Discuss Measures to Deepen Trade & Economic Cooperation

© POOL / Go to the mediabankSCO summit in Kyrgyzstan
SCO summit in Kyrgyzstan - Sputnik India, 1920, 18.09.2026
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Economic cooperation and expansion of trade between its members are the Shanghai Cooperation Organisation's (SCO) core areas of interest.
The Shanghai Cooperation Organisation (SCO) members discussed measures to deepen trade and economic cooperation between the group during the 25th Meeting of Ministers Responsible for Foreign Economic and Trade Activities, held in Dushanbe, Tajikistan, on 17 September 2026, a press release from the Government of India said on Friday.

"The Meeting reviewed ongoing cooperation among SCO Member States in the areas of economic and trade activities and exchanged views on measures to further deepen trade and economic cooperation within the SCO framework," the statement mentioned.

India, through its representative Yashvir Singh, highlighted the immense potential of the SCO in economic affairs before urging member states to increase intra-SCO trade, enhance connectivity, and lower trade costs, amongst others, to harness this potential into tangible outcomes.

Referring to Prime Minister Narendra Modi's comments at the SCO Summit in Bishkek, India strongly backed the three pillars of Security, Connectivity and Opportunity.

Besides, India supported simplified customs procedures, paperless trade and electronic exchange of documents and reduced transit times.

"India also called for greater cooperation among SCO Member States to diversify and strengthen supply chains in strategic and emerging sectors, including agriculture, critical minerals, pharmaceuticals, manufacturing and electronics. The potential for enhanced cooperation in energy security, renewable energy and green hydrogen was also highlighted," the statement summed up.

Iran calls ties with India 'historic and civilizational' after Modi-Pezeshkian meeting at SCO - Sputnik India, 1920, 08.09.2026
Iran calls ties with India 'historic and civilizational' after Modi-Pezeshkian meeting at SCO
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