New Delhi: The recently concluded Shanghai Cooperation Organization (SCO) summit witnessed unanimous approval of two joint statements by member-states. However, Delhi’s stance on the SCO’s economic strategy has raised concerns as it fell short of endorsing it completely.
The New Delhi Declaration, the primary outcome document of the summit, highlighted the shared commitment of SCO member-states towards regional stability, security, and cooperation. While this declaration received unanimous support, Delhi’s reservation on the SCO’s economic strategy has drawn attention and sparked discussions among experts and analysts.
Sources within the SCO summit revealed that Delhi expressed reservations regarding certain aspects of the economic strategy proposed by Beijing. Although India acknowledged the potential benefits of enhanced economic cooperation within the SCO framework, it was cautious about endorsing the strategy without further deliberations and clarifications.
The imprint of Beijing’s influence on the SCO’s economic strategy has been a subject of concern for Delhi. The Indian government seeks a more transparent and inclusive approach that ensures fair participation and benefits for all member-states. This cautious stance by India reflects its commitment to protecting its national interests while seeking mutually beneficial regional economic cooperation.
Delhi’s concerns stem from the need for clarity and assurances regarding issues such as market access, trade facilitation, and investment protection within the SCO framework. India, as a significant player in the region, is keen on ensuring a level playing field and avoiding any potential imbalances that could undermine its economic interests.
While India’s reservation on the SCO’s economic strategy has not impeded the progress of the organization, it does highlight the complex dynamics within the SCO and the need for continued dialogue and cooperation to address member-states’ diverse concerns.
The SCO, comprising eight member-states, including China, India, Russia, and Pakistan, aims to promote regional security, economic cooperation, and cultural exchanges. While the organization has made significant strides in these areas, Delhi’s cautious approach to the economic strategy demonstrates its commitment to thoroughly examining proposals and safeguarding its national interests.
Experts believe that constructive engagement and dialogue among member-states are essential to address Delhi’s concerns and ensure a more comprehensive consensus on the SCO’s economic strategy. By promoting transparent discussions and incorporating the viewpoints of all stakeholders, the SCO can foster an environment of trust and cooperation, bolstering regional economic integration and stability.
As the SCO moves forward, member-states will continue to deliberate and refine their collective economic strategy. Delhi’s reservations serve as a reminder of the importance of inclusive decision-making processes and the need to address concerns effectively to build a robust and sustainable economic framework within the SCO.