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17 December 2021, 10:52

Bashkiria becomes region for transport and logistics potential development of SCO countries

Bashkortostan is becoming one of the central regions that can be considered for the development of the transport and logistics potential of the SCO countries. Sergey Kanavsky, Executive Secretary of the Business Council of the Shanghai Cooperation Organization (SCO), stated this at the International Business Week in Ufa.

As it was noted at the plenary session “International cooperation. Opening the World to Everyone ”, the COVID-19 pandemic had a significant impact on the development of cross-border and electronic commerce, on the development of transport and logistics potential.

"There are several new programs for the development of transport and logistics within the SCO. I am not saying that the SCO countries account for almost one third of the world's GDP. Naturally, one of the main positive areas and directions of economic development in the SCO environment is the development of transport and logistics potential," the Executive Secretary of the SCO Business Council said. "In this regard, Bashkortostan is becoming one of the central regions, which can be considered for the development of the transport and logistics potential of the SCO countries. The republic is becoming one of the points of attraction that needs to be further developed."

As Sergey Kanavsky later explained to the Bashinform News Agency, the republic became such a point of attraction after the 2015 SCO and BRICS summits.

As reported by Bashinform News Agency, the Bashkir capital hosts the International Business Week - 2021 Forum from December 15 to 18. The business program is dedicated to the economy, exports, investments, media, as well as small and medium-sized businesses of the SCO and BRICS member states.

Author: Galina Bakhshieva

Translated by:Tatyana Aksyutina