The Shanghai Cooperation Organization (SCO) has reaffirmed its commitment to bolstering the World Trade Organization (WTO)-centered multilateral trading system, emphasizing the need for open, transparent, and inclusive</strong> practices to address global economic uncertainties. In a Thursday statement, the SCO Secretariat highlighted member states’ resolve to tackle trade barriers and promote sustainable supply chains under the WTO framework.</p>
The organization, representing a significant bloc of Eurasian economies, underscored the urgency of advancing development-focused dialogues within the WTO. This includes addressing disparities in global trade access and fostering resilient supply chains to mitigate disruptions caused by geopolitical tensions and market volatility.</p>
“Strengthening the multilateral trading system is vital for equitable growth,” the statement noted, aligning with broader efforts to stabilize international commerce. Analysts suggest the SCO’s stance reflects rising demand for institutional cooperation to counter protectionism and ensure fair resource distribution, particularly for emerging economies.</p>
With the SCO’s influence spanning energy, infrastructure, and technology sectors, its advocacy for WTO reforms may shape discussions ahead of key ministerial meetings, offering potential opportunities for investors and policymakers navigating Asia’s evolving trade landscape.</p>
