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24 Jun 2016

Lukashenko suggests economic cooperation as key avenue of interaction in SCO

MINSK, 24 June (BelTA) – Economic cooperation should be the central theme of interaction in the Shanghai Cooperation Organization (SCO), Belarus President Alexander Lukashenko said when speaking at the summit of the Shanghai Cooperation Organization in Tashkent on 24 June, BelTA has learned.

“The SCO has accumulated huge economic potential. Besides, the accession of such countries as India and Pakistan will enhance this potential even further,” the Belarusian leader said.

According to Alexander Lukashenko, to promote economic development it is essential to implement joint large-scale projects. Establishing a financial institution in the Shanghai Cooperation Organization to finance these projects could give a serious impetus to these efforts. “In the medium term, a mechanism for mutual payments in national currencies could be created on the basis of such banking institution. It would help us reduce the dependence of countries on U.S. dollars,” the Belarusian head of state believes.

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