SCO calls for multipolar world order as Iran joins grouping
- July 5, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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SCO calls for multipolar world order as Iran joins grouping
Subject : International Relations
Section: Groupings
Concept :
- The virtual summit of the Shanghai Cooperation Organisation (SCO), chaired by Mr Modi, addressed the importance of establishing a “more representative” and multipolar world order.
- The summit witnessed the induction of Iran as the ninth member of the SCO.
Expansion and Composition of SCO:
- The SCO now consists of China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan.
- Iran’s induction as the latest member reflects the SCO’s commitment to broadening its representation.
Agreements and Declarations:
- The New Delhi Declaration: Outlined areas of cooperation between SCO countries.
- Joint Statement on Countering Radicalisation: Addressed the need to combat radicalisation and promote stability.
- Joint Statement on Digital Transformation: India offered expertise on digital payment interfaces for sharing within the SCO.
Concerns and Lack of Consensus:
- India’s stance on China’s Belt and Road Initiative (BRI): India abstained from supporting the BRI paragraphs in the joint statement due to its inclusion of projects in Pakistan-occupied Kashmir.
- India’s absence from the SCO Economic Development Strategy 2030: India’s refusal to participate in the joint statement suggests a lack of consensus within the group.
SCO’s Stance on Sanctions and Currency Use:
- Joint criticism of non-UN sanctions: SCO members expressed opposition to sanctions on Russia and Iran, considering them incompatible with international law and negatively impacting other countries.
- Exploring the use of national currencies: SCO members agreed to explore the use of national currencies for payments within the group to bypass dollar-based international transactions.
Global Challenges and Vision:
- The Delhi Declaration’s focus: The declaration acknowledged global challenges such as conflicts, market turbulence, supply chain instability, climate change, and the COVID-19 pandemic.
- Commitment to a multipolar world order: The member states reaffirmed their commitment to a more representative, democratic, just, and multipolar world order based on international law, multilateralism, and equal cooperation, with the UN playing a central coordinating role.
For further notes on SCO , refer – https://optimizeias.com/shanghai-cooperation-organisation-sco/