SCO Foreign Minister’s Meeting

On 4th and 5th May 2023, the Shanghai Cooperation Organisation (SCO) Foreign Ministers' meeting took place in Benaulim, Goa. The primary focus of the meeting was to enhance economic cooperation, particularly by exploring the option of national currency payments for mutual trade.

Key Points

  • Proposal for National Currency Payments: Central Asian members put forward a proposal for national currency payments. This proposal was influenced by the ongoing Ukraine war and the subsequent sanctions imposed on Russia, which is one of the founding members of the SCO.
  • Economic and Cultural Cooperation: India, as the current president of the SCO, emphasized the ....
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