SCO and BRICS: transcript. List of SCO and BRICS countries

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:46

The unstable situation in the world dictates to countries an urgent need to find new partners and support. In a situation where economic and political instability have become hypothetical concepts, the creation of alliances has become a prerequisite for survival. The associations of the SCO and BRICS, the decoding of which will be given below, work with a common goal - to create a balance of power in the world.

Era of Integration

21st century is considered to be the era of integration and unification. That is why the SCO and BRICS associations entered the struggle for the balance of power in the world. The Shanghai Cooperation Organization, or SCO, has nothing to do with NATO or ASEAN, the regular security meeting. The coalition holds an intermediate position. A kind of Eurasian space is being formed, which intends to actively defend its interests before the West. America keeps its finger on the pulse and is actively involved in several alliances at the same time:

• Transatlantic Trade Association.
• Trans-Pacific Trade Pact between Asia and America.

Russia and China are left out. And iftake into account the aggressive sanctions against Russia by the West, the meaning of the SCO takes on a completely different meaning. The role of BRICS in the global economy is no less justified.

The role of the SCO and BRICS

The structure of the SCO includes Russia and China, Kazakhstan and Kyrgyzstan, Tajikistan and Uzbekistan. In the near future, the tandem is planned to be replenished with India and Pakistan. According to the Russian government, it is this association that will solve a number of topical domestic problems. The Chinese mission is well aware of the situation in the country, as it itself is experiencing inconvenience due to sanctions from America and Europe. Restrictions introduced back in 1989 have only been partially lifted.

The goal of the BRICS, which includes Russia and China, Brazil and India, South Africa, is to move forward. The abbreviation is formed from the English abbreviation BRICS - the first letters of the states included in the group (Brazil, Russia, India, China, South Africa). The economic potential of these countries is very high, since they own half of the world's production. Dominance in the world market, according to representatives of organizations, is out of the question. The issue of associations touches only on the topic of complete independence from Europe and America.

Forecasters say that in the near future the SCO and BRICS, the decoding of which is given above, will significantly press the world economic elite due to rich natural resources, a powerful industrial base and developed agriculture. Good intellectual potential should also be added here.

Structure of the SCO

The Shanghai Cooperation Organization is governed by a council of heads of state that are members of it. Any decisions are made within the framework of summits held annually on the territory of one of the countries participating in the association. This year, the SCO-BRICS summit will be held in Ufa in June. The conference will discuss issues of multilateral cooperation. The council plans to approve the budget and establish relations with other international associations. The executive body of the association is the secretariat. One of the permanent bodies is the RATS in Tashkent, which solves anti-terrorist tasks.

A bit of BRICS history

The BRICS includes five countries that belong to the category of new industrial. They are characterized not only by powerful, but also rapidly developing economies, active influence on regional and global markets. Each of the members of the association is a member of the G-20. By 2013, the total GDP of the countries reached $16.039 trillion. The first BRICS summit, whose countries are able to influence the economy, caused the dollar to fall, as the heads of state raised the issue of creating a single stable and predictable currency. The association encourages commercial and political, cultural cooperation between peoples. Moreover, today the member countries of the union are taking active steps to create their own financial institution, which would be able to make a decentWestern competition.

Economic cooperation

The SCO and BRICS associations, the decoding of which indicates that they include countries with great potential, have signed a framework agreement. Its goal is to improve the productivity of the economic partnership. Back in 2004, an agreement was signed on the formation of a free trade zone, which largely balanced the flow of goods in the regions.

In 2005, the countries participating in the groups agreed to conduct joint projects in the field of the oil and gas segment, the rational distribution of water resources and carbon reserves. An Interbank Council was formed to finance joint activities.

Each SCO-BRICS summit brings good results and heralds global change. So, in 2009, representatives of China received a proposal to provide 10 billion dollars to partner countries for active development, which made it possible to support their economies in the conditions of the global crisis that prevailed at that time.

Relations with the West

According to the media and many world experts, it is the SCO and BRICS in the first place that should compete not only with America, but also with NATO. This will avoid a number of conflicts that could open the way for the United States to the economies of states that border China and Russia. Representatives of associations are actively monitoring the situation on the world stage. Despite the complete absence of open criticism of America inin general, and Washington in particular, issues of this category are often discussed at summits. For example, in 2005, the issue of the presence of the American military on the territory of Uzbekistan and Kyrgyzstan was actively raised. The SCO has asked the United States to set clear deadlines for the withdrawal of troops from the territory of the countries participating in the association. Moreover, the closure of the K-2 airbase was stimulated.

BRICS countries

The current BRICS member countries occupy the positions of the leading and actively developing markets of the world. The main interests are India, Brazil and China. In the next five years, their importance will only increase. States such as Indonesia and South Africa are potential candidates for joining the association. The main priorities set by the member countries of the alliance are not the reduction of production costs, but the formation of a material base that should stimulate long-term success in the markets of states. SCO and BRICS volunteers are actively involved in research and analysis to make the partnership even more fruitful.

Development Bank revolutionizes the global economy

For many years now, the associations of the SCO and BRICS, the decoding of which suggests that they are defending their interests before the West, are aimed at creating a single financial institution. In connection with the situation that developed in the world in 2014-2015, this area of partnership has intensified. The project, which began back in 2009, based on existing factors, is finally approaching its logicalcompletion. The Development Bank has already been approved. Moreover, numerous issues have been resolved: the leadership has been chosen, the contribution to the financial institution from all participating countries has been determined, the location of the organization and its first headquarters has been determined. At the moment, the structure is being actively filled with representatives of each of the member states of the association. The SCO and BRICS countries, the list of which is very limited, are actively tuned in this issue. Secondary tasks remained on the agenda, in particular regarding the right to participate in the financial institution of states that are not included in the structure of associations. Priority is given to a minimum of bureaucratic processes for the most accelerated procedure for the consideration and adoption of investment projects. If the plan succeeds, world markets will be drastically changed.