SCO States' Slice Of Global GDP Pie Accounts For Thirty Percent - President Tokayev
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, July 4. The share of the
SCO states in the global GDP is already 30 percent, the President
of Kazakhstan Kassym-Jomart Tokayev said at a meeting of the SCO
Plus format in Astana, Trend reports.
"The global Economy takes a major hit, and development
opportunities are reduced when wars and sanctions are ongoing.
Under these circumstances, we need to develop a trade and economic
interaction strategy that is more adaptable, with the goals of
maintaining positive dynamics and increasing capacity. At the
current stage, the economies of the SCO member countries are
demonstrating high growth rates of 4 to 9 percent. The share of SCO
states in the global GDP is already 30 percent. The foreign trade
of the member states today exceeds $8 trillion, which is equivalent
to a quarter of all world trade," he said.
In his speech, Tokayev highlighted the role of the SCO states in
driving economic growth in Asia.
He also welcomed, on behalf of Kazakhstan, China's intention to
expand the SCO's access to its large-scale market and increase
trade turnover with the Organization's member states to $3
trillion.
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