PM Abbasi calls for keeping politics out of regional trade

Leaders of the Shanghai Cooperation Organization (SCO) countries and observer members attend SCO summit in Tashkent, Uzbekistan, June 24, 2016. Sputnik/Kremlin/Mikhail Klimentyev/via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS
  • Warns against hindrances in development projects for regional political gain

SOCHI: Prime Minister Shahid Khaqan Abbasi said on Friday that politics should be kept out of regional economic development and connectivity projects.

He was addressing the 16th meeting of the Council of the Heads of Government (CHG) of the Shanghai Cooperation Organisation (SCO) in Sochi, Russia, where he had arrived on Thursday.

“The world is going through a profound transformation marked by an eastward shift of global development potential,” PM Abbasi said during his address. “Coinciding with this change, the SCO is creating a new imprint on the global international order.”

Highlighting Pakistan’s role in regional development, PM Abbasi said, “Pakistan is pursuing projects such as the Casa-1000 and the Turkmenistan-Afghanistan-Pakistan-India pipeline project to promote regional energy connectivity.”

He added that Pakistan would also like to see the China-Pakistan Economic Corridor (CPEC) linked with the six major economic zones of the SCO

Delivering a warning to those(without naming India) “trying to hinder the world’s progress by standing in the way of various development projects for regional political gain,” the prime minister said: “We would caution against the politicisation of economic development and connectivity projects. Such myopic acts will only hold back our collective progress.”

“Pakistan is fully cognisant of the threats posed by terrorism, separatism and extremism to the regional and global economic development,” he stressed while reminding the forum about Pakistan’s ongoing struggle against ideological extremism.

Recounting Pakistan’s losses in the fight against extremist ideologies, he added: “We have lost thousands of lives, including 6,500 military and law enforcement personnel, to terrorism. Our economy has suffered losses of over $120 billion, but this has only served to strengthen our resolve to fight terrorism. We are vigilant and will not allow any form of militancy on our soil.”

PM Abbasi further said that the SCO charter on long-term neighbourliness, friendship and cooperation is a guiding principle that can “help promote our shared vision of mutual trust, mutual benefit, equality and respect for cultural diversity and the pursuit of common development.”

“The SCO should continue to contribute to building a just and rational world order based on UN charter principles of respect for international law and non-interference in each other’s internal affairs,” he said.

PM Abbasi stressed upon the need for the members of the SCO to cooperate on improving the regional infrastructure and enhancing communication by building roads, air, maritime and IT networks.

He also pointed out the need for SCO members to develop multilateral trading systems, harmonise laws and regulations on trade facilitation and support the SCO inter-bank association in further enhancing economic trade and investment cooperation.

The PM concluded by saying: “In the coming decades, the SCO will emerge as an important global, geopolitical and geo-economic force.”

Shahid Khaqan Abbasi said that with a consumer market of over 200 million people, vast business potential and a rapidly modernising infrastructure, Pakistan offers the SCO enormous opportunities for mutually beneficial cooperation.

He said after becoming a full member of the organisation, Pakistan is all set to bring more vitality to the organisation as it possesses tremendous potential for global, regional trade and economic activities.

He said the SCO should continue to contribute towards building a just and rational world order based on the UN Charter principles of respect for international law and non-interference in each other’s internal affairs.