New economic dialogue in global geopolitics context By Shazia Anwer Cheema
The 2024 SCO Summit – also called the 23rd Meeting of the SCO Council of the Heads of Government – ended in Islamabad, helping to place Pakistan back on the ‘global happenings map’. Pakistan confidently managed arrivals and departures of over 1,200 foreign delegates for which the civil and military leadership deserves praise.
An academic analysis of the SCO Communique provides reasons to believe that BRICS and SCO would soon tail each other instead of moving parallel. Issues such as collective economic strategy, multilateral trade, mutual cooperation to build a prosperous, peaceful, safe and ecologically sustainable planet are also included in the agenda of the 25th BRICS summit.
More or less a security organisation in the past, SCO is now turning into a forum that is challenging the protectionist approach of Global North alongside tailoring strategies to mitigate the adverse impact of this approach as the majority of victims live in Global South. Both BRICS and SCO are working for a non-discriminatory, open, equitable, inclusive and transparent multilateral trading system and for encountering unilateral sanctions and trade restrictions that undermine the multilateral trading system and obstruct global economic growth.
For the first time, the SCO has talked about bridging the Eurasian Economic Union with OBOR (Belt and Road Initiative) which means foundations are laid down for a ‘Greater Eurasian Partnership’.
To mitigate the influence of Global Northern – such as passing resolutions against independent states and using Western think tanks and Western media tools to disapprove of governments in developing countries – the SCO Communique called for non-interference in the internal affairs of any country.
One should also appreciate all those who made this event possible and mitigated the farcical narrative that Pakistan has become isolated in the global arena. Interestingly, news that arrived from Canada during the Summit testified the fact that Global North has made an error of judgment while choosing a proxy against China in Indo-Pacific. Surprisingly, Five Eyes is also talking about the cross-border terrorism of New Delhi that had been trying to tag Pakistan as a ‘threat to global peace’.
Greek Poet Homer in his epic Odyssey writes a passage that is simplified by English writers: “Truth can be rattled, not defeated.”
New economic dialogue in global geopolitics context By Shazia Anwer Cheema
Source: https://tribune.com.pk/story/2503797/new-economic-dialogue-in-global-geopolitics-context