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India refuses to back Chinas Belt and Road project at SCO meetingNews

 


On Monday, India did not join other members of the Shanghai Cooperation Organization (SCO) in supporting the China Belt and Road Initiative (BRI), which New Delhi has always opposed. because a key part of it passes through Pakistan-occupied Kashmir (PoK).

The BRI or “One Belt, One Road” initiative, President Xi Jinping’s flagship program for trade and connectivity, was supported by Kazakhstan, the Kyrgyz Republic, Pakistan, Russia, Tajikistan and Uzbekistan in a joint statement released after the SCO council meeting of heads of government hosted by India.

The statement said that the other countries, while “reaffirming their support for China’s One Belt, One Road Initiative (OBOR) (BRI), note the ongoing work on the joint implementation of this project, including bridge building efforts. [between] The Eurasian Economic Union and the OBOR ”.

The Council of Heads of Government is the second supreme body of the SCO and is responsible for managing the trade and economic agenda. It was the first time India had hosted a meeting of the body since it was admitted to the eight-member group in 2017.

India has repeatedly stated that it will not join the BRI because it does not provide a level playing field for businesses in the country. He also opposed the BRI because a key element – the China-Pakistan Economic Corridor (CPEC) – passes through PoK.

New Delhi’s trade concerns related to Beijing have been a key factor behind India’s decision not to join the Regional Comprehensive Economic Partnership (RCEP), the trade deal recently signed by the 10-member Association of Nations from South East Asia (Asean) and Australia, China, Japan, South Korea and New Zealand.

Former Ambassador Vishnu Prakash noted that the SCO meeting was held at a time when India is breaking away from China and business is no longer “business as usual” between the two countries. There is also an “unholy alliance” between China and Pakistan that will thwart India’s initiatives, he said.

One of India’s main goals for joining the SCO was the desire to forge deeper ties with Central Asian states, but the country now needs to assess whether “these efforts were paying off”, Prakash said.

During Monday’s meeting, heads of delegation said the SCO has established itself as an effective platform for cooperation to strengthen multilateralism, the rule of international law and the Charter of the United Nations, and ensure “Equal, mutual, indivisible, complete and reliable security. [and] sustainable socio-economic development ”.

Heads of delegation called for deeper cooperation to support a transparent, open, inclusive, fair and non-discriminatory multilateral trading system based on the principles and rules of the World Trade Organization (WTO) and to promote a ” open global economy, ”the statement said.

SCO members also stressed the need to reform the WTO, including improving its main functions such as negotiations, monitoring and dispute settlement. They also underlined the importance of using international and multilateral organizations to form a “broad, open, mutually beneficial and egalitarian space of interaction in Eurasia”.

India proposed establishing a special working group on innovation and start-ups and an expert working group on traditional medicine.

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