Modi will attend the SCO conference..! What is so special about it..!?

Sowmiya Sriram
Modi will attend the SCO conference..! What is so special about it..!?

The summit of the Political, Economic, and Security Council of the shanghai Cooperation Organization (SCO) is being held in Samarkand, uzbekistan on september 15 and 16. india has been a member of the shanghai Cooperation Organization since 2017. In terms of geography and population, the shanghai Cooperation Organization is the largest regional organization in the world. The organization dominates approximately 60% of Eurasia's land area, 40% of the world's population, and more than 30% of global GDP. Russian President Putin flew to Samarkand, uzbekistan to attend the shanghai Cooperation Organization (SCO) summit. Similarly, pakistan President Shehbaz Sharif left this morning. And the Presidents of iran and china arrived in uzbekistan this morning.
Indian prime minister Modi is scheduled to visit Uzbekistan's Samarkand at 9 pm on the 15th. Modi is scheduled to meet only the Russian president on this trip, while there are no plans to personally meet the presidents of china and Pakistan. china, india, Kazakhstan, Kyrgyzstan, pakistan, Russia, Tajikistan, uzbekistan, and iran are members of the shanghai Cooperation Organization, and Afghanistan, Belarus, and mongolia are observers.
The SCO countries account for nearly one-fourth of the world's gross domestic product (GDP). It also includes the world's three major economies, china, india, Russia, and energy-rich Kazakhstan, Kyrgyzstan, uzbekistan, and Iran. In addition, SCO members' dominance in global trade rose from 5.4 percent in 2001 to 17.5 percent in 2020, according to another Chinese study.
In september 2003, the leaders of the SCO member states signed a 20-year "Programme for Multilateral Trade and Economic Cooperation". This agreement will make it possible to create a free trade zone within the borders of the SCO countries. But it is noteworthy that this plan has not been implemented so far.
The SEO business Council is an organization that promotes greater connections between the business community within a multi-stakeholder group. The SCO Interbank Alliance was established to provide financing and banking services for investment projects sponsored by the governments of SCO member states. Also, negotiations are underway for the creation of the SCO Development Bank.
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