Shanghai cooperation organization economic and transport cooperation at the present stage

L. V. Shkvarya ()

International Trade and Trade Policy, 2024, vol. 10, issue 2

Abstract: The article analyzes the development of foreign trade in the countries of the Shanghai Cooperation Organization (SCO) for the period 2000–2022 in the commodity segment. The predominant and dominant role of China both in the international market and in trade with the SCO states is shown. It is concluded that, along with the growth of mutual trade in the SCO space, the imbalance of trade flows in the future may contribute to the development of negative phenomena, especially in the case of a transition in this trade to settlements in national currencies. The article shows that the SCO countries, especially China and Russia, have intensified and strengthened their presence in the innovation sphere and the global digital segment. The interaction of the SCO countries in innovative and digital directions, according to the author, makes it possible in the future to increase the SCO’s digital leadership in the global economic space and implement digital solutions in other SCO countries, which are less actively developing and using digital tools today. The Shanghai Cooperation Organization has been developing various areas of bilateral and multilateral cooperation between partners for more than 20 years. One of these areas is the transport sector. The importance of this area is growing both in national economies, for example, in China, and in cooperation. The article describes new modern directions of cooperation between the SCO countries in the transport sector. This strengthens the integration processes in the interstate association in the field of economics, transport and improvisation.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2024:id:683

DOI: 10.21686/2410-7395-2024-2-46-59

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