Hey there! Have you ever wondered how countries trade with each other? Well, there’s a group called the Shanghai Cooperation Organization (SCO), and they’ve just made an important announcement!
The SCO has promised to support a fair and open global trading system. They believe that all countries should trade in a way that’s transparent (meaning nothing is hidden), fair (so everyone plays by the same rules), and includes everyone!
At the center of this trading system is something called the World Trade Organization (WTO). Think of the WTO like a big club where countries come together to make rules about trade so things run smoothly.
The SCO members want to make sure this system works well, especially when there are challenges in global trade. They also want to talk more about helping countries grow and develop within the WTO framework.
Plus, they’re calling for supply chains (that’s how products get from one place to another) to be open, inclusive (so no one is left out), sustainable (good for the planet), and resilient (able to handle problems).
Isn’t it cool how countries work together to make trade better for everyone? 🌏
Reference(s):
cgtn.com
