SCO's "Chain Connection" Regional Economic Cooperation New Future Supply Chain | Industrial Chain | Economy
Qingdao, June 18th, Xinhua News Agency - Question: A New Future of SCO Regional Economic Cooperation through Chain Connection
Xinhua News Agency reporters Chen Guofeng, Sun Xiaohui, and Wang Kai
The SCO Industrial Chain Supply Chain Forum and the 2023 SCO International Investment and Trade Fair were recently held in Qingdao, Shandong Province, attracting 330 enterprises and institutions from the SCO and 34 countries and regions along the "the Belt and Road" to participate in the exhibition, and exhibiting more than 10000 kinds of imported specialty goods.
On June 15th, the Shanghai Cooperation Organization Industrial Chain Supply Chain Forum and the 2023 SCO International Investment and Trade Expo opened in Qingdao. The Expo includes the SCO National Image Exhibition, the SCO Cooperation Achievement Exhibition, the SCO High Quality Industry Exhibition and other sectors, covering new energy, smart agriculture, cross-border e-commerce, biotechnology, smart home, healthy life and other fields, providing a platform for economic and trade cooperation, exhibition and exchange for the SCO and countries along the "the Belt and Road". Photo by Xinhua News Agency reporter Li Ziheng
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In the Kyrgyzstan exhibition area, products such as honey, dairy products, and jam are teasing the taste buds of visitors. Ali Kader, a staff member of the representative office of the Kyrgyz Ministry of Economy and Commerce in China, stated that the Chinese market is particularly large, and Chinese consumers are very interested in Kyrgyz products, but lack purchasing channels. Recently, the first batch of agricultural products including honey, cherries, etc. have arrived in China and are preparing to open national pavilions on JD.com. We are also considering opening offline pavilions in cities such as Qingdao and Urumqi.
Akimov Faruk from Uzbekistan runs a trading company in Gansu, which not only introduces Uzbekistan's unique products to China but also sells Chinese products to his hometown. Archimov Farouk, who is 36 years old this year, came to Lanzhou University to study in 2008 and continued his studies until his doctoral degree. He settled in Lanzhou after graduating, who loves Chinese culture. He believes that many customs and habits in the northwest region of China are similar to those in Uzbekistan, and there are many business opportunities.
In 2021, Akimov Farouk imported the first batch of goods from Uzbekistan. He said, "The main purpose of attending this expo is to help Chinese consumers understand and understand Uzbekistan, including its culture and unique products."
On June 15th, participants exchanged ideas at the expo. Photo by Xinhua News Agency reporter Li Ziheng
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The shaking hands and signing of contracts at the 2023 SCO International Investment and Trade Expo have vividly marked the economic, trade and industrial cooperation between China and SCO countries. Currently, the global economic recovery is weak, and the global industrial and supply chains have entered a period of deep adjustment. Attendees of the Shanghai Cooperation Organization Forum on Industrial and Supply Chains believe that in the face of the instability and uncertainty of the world economy, SCO countries have strengthened the coordination and linkage of industrial and supply chains, promoted the effective aggregation of resource elements, and contributed to maintaining the resilience and stability of global industrial and supply chains.
Energy is an important area of industrial cooperation among SCO countries. Saken Muratul, Chief Representative of Kazakhstan National Oil and Gas Corporation in China, stated that Kazakhstan's earliest investment cooperation with China began in the energy sector, and the energy industry chain and supply chain have always been an important component of China Kazakhstan practical cooperation. He said that the China Kazakhstan crude oil pipeline and the China Central Asia natural gas pipeline are the two flagship projects of oil and gas cooperation between Kazakhstan and China. The two energy arteries cross vast deserts, promote bilateral economic development, and widely benefit the people of both countries.
In February this year, the Qingdao International Energy Trading Center was officially inaugurated and put into operation, which will build an international energy trading center for SCO countries, countries along the "the Belt and Road" and Northeast Asia. Centered around the three main themes of energy trading, supply chain finance, and digital services, Qingdao International Energy Trading Center has established 102 members and launched six varieties including liquefied petroleum gas, crude oil, crude oil tank capacity, natural gas, fuel oil, and petroleum coke. The platform's trade volume has exceeded 36 billion yuan, playing a positive role in promoting the security and stability of the international energy industry chain and supply chain.
On June 15th, participants visited the Qingdao SCO Pearl International Expo Center. Photo by Xinhua News Agency reporter Li Ziheng
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Yermekbayev, Deputy Secretary General of the Shanghai Cooperation Organization, stated that a stable and efficient industrial and supply chain is crucial for the Shanghai Cooperation Organization region and even the world. It is particularly important to establish a stable and sustainable industrial and supply chain, strengthen cooperation between enterprises and business associations in SCO countries, and connect with specific commercial projects.
In order to promote a new future of collaborative win-win and "chain" regional economic cooperation, the Shanghai Cooperation Organization Industrial Chain Supply Chain Forum has issued the "Qingdao Initiative", calling for strengthening cooperation in industrial and supply chains within the organization and globally, strengthening coordination and cooperation within the organization, supporting investment cooperation that is conducive to the stability, security, and resilience of industrial and supply chains, improving the digital and intelligent level of industrial and supply chains, and supporting the development of green and sustainable industrial and supply chains.