Belarus has become the tenth member of the bloc based around Russia-China-India cooperation
Belarus has officially become a full-fledged member of the Shanghai Cooperation Organization (SCO), an economic and security bloc covering most of Eurasia and accounting for more than 20% of global GDP.
Membership documents were signed during the opening of the organization’s summit in Astana, Kazakhstan, on Thursday. The announcement was made by Kazakh President Kassym-Jomart Tokayev, whose country is chairing the SCO in 2024. He noted that Belarus “completed all the necessary procedures on the way to full membership in the Shanghai Cooperation Organization in a short period of time.”
Founded in 2001, the SCO includes India, Iran, Kazakhstan, China, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan, and now Belarus, with several other countries playing the role of observers.
The bloc’s goals are to strengthen relations between member states and promote cooperation in the political, economic, scientific, cultural, and educational fields.
🔗SOURCE ➡️ RT
Related: 6/25/24 — Dissatisfied With EU, Turkiye Talks up BRICS Outreach
As part of the effort to form prosperous economic alliances, Turkish President Recep Tayyip Erdogan has shown interest in joining China’s Shanghai Cooperation Council (SCO) and is set to attend the bloc’s meeting in Kazakhstan next week.
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"Columnist at Foreign Policy and fellow for international political economy at the Council on Foreign Relations, Zongyuan Zoe Liu, published the following article in September of 2022
”China Is Quietly Trying to Dethrone the Dollar”...
”Regional groups and small banks are helping insulate Beijing against sanctions.
At their recent summit in Uzbekistan, members of the Shanghai Cooperation Organisation (SCO)—a prominent regional organization led by China and Russia—agreed on a road map to expanding trade in local currencies. A road map for using local currencies in trade and developing alternative payment and settlement systems has been part of the SCO’s economic plan for years.
This agenda is in line with individual policies on the part of the group’s most prominent members, including Russia’s attempt to cushion the blow of Western sanctions, China’s deteriorating relations with the United States, India’s use of nondollar currencies in its trade with Russia, and Iran’s recent proposal for a single SCO currency."
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