Shanghai Cooperation Organisation Summit 2024 Concludes Here! 25 Strategic Agreements Signed! Highlighted Make in India!

The recently concluded SCO Summit 2024 in Astana, Kazakhstan, brought together leaders from across the region, with India playing a prominent role. The External Affairs Minister delivered the Prime Minister’s message, highlighting combating terrorism and addressing climate change as key priorities. Check all the details on the Shanghai Cooperation Organisation below.

What is the Shanghai Cooperation Organisation?

The SCO originated from the “Shanghai Five” in 1996, aiming to address extremist religious groups and ethnic tensions following the USSR’s dissolution. However, it is a Eurasian Political, Economic, international security, and defense organization. Additionally, it was established on 15th June 2001, in Shanghai, adding Uzbekistan as a sixth member.

Today, it comprises 10 member states, including India, China, Russia, and Pakistan, representing 40% of the world’s population and contributing over USD 23 trillion to global GDP.  Before proceeding further, take a look at the Uniform Civil Code in India: Balancing Equality and Secularism

Key Highlights of SCO Summit 2024

• New Membership: Belarus joined as the 10th member state.
• Astana Declaration: Adopted 25 strategic agreements on energy, security, trade, finance, and information security.
• India-China Relations: Emphasis on complete disengagement of troops and restoring peace along the Line of Actual Control (LAC).
• Make in India: Highlighted as a significant engine for global economic growth.
• Combat Terrorism: Urged the global community to isolate countries harboring terrorists and condone terrorism.

Why Trending?

•  The SCO Summit 2024 marked the entry of Belarus as the 10th member state of the SCO.
• The Astana Declaration was adopted, approving 25 strategic agreements on energy, security, trade, finance, and information security.
• India’s External Affairs Minister met with the Chinese Foreign Minister to discuss bilateral ties and peace along the Line of Actual Control (LAC).
• The ‘Make in India’ initiative was highlighted as a significant engine for global economic growth.

Significance of Shanghai Cooperation Organisation for India

• Regional Cooperation: Enhances ties with Central Asian countries.
• Counter-Terrorism Efforts: Regional Anti-Terrorism Structure (RATS) facilitates cooperation.
• Challenges: Balancing ties with China and Russia, addressing regional security concerns, and managing relations with Pakistan.

The SCO Summit 2024 demonstrated India’s commitment to regional cooperation and combating terrorism. As the People’s Republic of China assumes the SCO chairmanship, the focus will shift to implementing the agreements and strategies outlined in the Astana Declaration. Do not miss out on opportunities: The Great Canadian Dream of Many Indian Students! Here is the Reality Check for Indian Students!

Challenges and Opportunities Related to the Shanghai Cooperation Organisation

• Balancing ties with China and Russia.
• Addressing regional security concerns and managing relations with Pakistan.
• Leveraging SCO framework for economic development and capacity building.

The Way Forward

As the SCO continues to promote a fair, multipolar world order, India’s proactive engagement will be crucial. By leveraging the SCO framework, India can:

• Enhance regional security cooperation.
• Foster economic development through capacity building.
• Combat terrorism and extremism.

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The SCO’s relevance extends beyond regional boundaries, offering a unique platform for nations to unite, collaborate, and prosper together. As the world navigates complex challenges, the SCO’s potential for promoting peace, security, and economic growth cannot be overstated.

Final Verdict

The SCO offers a unique platform for nations to unite, collaborate, and prosper together. As the organization continues to evolve, its member states must work together to address regional challenges, promote economic growth, and foster greater cooperation. India’s proactive engagement with the SCO will be crucial in shaping the organization’s future and promoting regional stability.

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