Shanghai Cooperation Organisation (SCO) and Eurasian Economic Union

  • Category
    India & world
  • Published
    19th Sep, 2019

India skipped a meeting of the Eurasian Economic Union (EAEU), which was organised by the Shanghai Cooperation Organisation (SCO) at Xi’an in China.

Context

India skipped a meeting of the Eurasian Economic Union (EAEU), which was organised by the Shanghai Cooperation Organisation (SCO) at Xi’an in China.

About

  • The main reason for skipping the meet is due to India’s strong opposition to BRI.
  • Since the BRI’s launch in 2017, India has remained firm on not singing it off at the SCO’s annual summits in 2018 and 2019.

Shanghai Cooperation Organisation (SCO)

  • It was founded in June 2001 by China, Russia, and the Central Asian states of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
  • It aimed to cooperate against non-traditional security challenges, in particular fighting the so-called “three evils” of terrorism, separatism, and extremism.
  • The fact that the SCO also strives to strengthen mutual trust and good neighbourly relations between its member states.

The Belt and Road Initiative

  • The BRI is a mammoth infrastructure project unveiled by China in 2017, which plans to connect the three continents of Asia, Europe, and Africa.
  • The ‘Belt’ part refers to the Silk Road Economic Belt, consisting of three overland routes. First, a link between China, Central Asia, Russia and Europe. Second, a link through Central Asia and West Asia linking China with the Persian Gulf and the Mediterranean Sea. And third, a connection from China to Southeast Asia, South Asia, and the Indian Ocean.
  • The ‘Road’ part refers to the 21st century Maritime Silk Road, creating maritime trade channels from China through the South China Sea, the Indian Ocean, and the South Pacific.
  • The China-Pakistan Economic Corridor, an important part of the BRI, passes through Pakistan Occupied Kashmir (PoK).

The Eurasian Economic Union

  • The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality and is established by the Treaty on the Eurasian Economic Union.
  • The EAEU provides for free movement of goods, services, capital and labor, pursues coordinated, harmonized and single policy in the sectors determined by the Treaty and international agreements within the Union.
  • The Member-States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation.
  • The Union is being created to comprehensively upgrade, raise the competitiveness of and cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations of the Member-States.

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