During the recent Shanghai Cooperation Organization (SCO) Summit held in Tianjin, the Declaration of the Heads of Relevant Departments of the SCO Member States on Strengthening Investment Cooperation in the Field of Sustainable Development was adopted. The declaration serves as a concrete measure to implement the “SCO Year of Sustainable Development” initiative and fully reflects the strong willingness of member states to advance investment cooperation in sustainability.

The declaration emphasizes the important role of the SCO in promoting global economic recovery, safeguarding the stability of global industrial and supply chains, and achieving sustainable development goals. Member states are committed to further improving SCO collaboration mechanisms, developing low-carbon technologies, utilizing renewable energy to address the impacts of climate change, expanding practical cooperation in the field of sustainable investment, sharing experiences and best practices for improving the business environment, and ensuring the sustainability and stability of regional industrial chains.

Furthermore, member states recognize the crucial role of investment and trade facilitation in fostering the development of a sustainable investment market and reaffirm their support for an open, transparent, fair, inclusive, and equitable multilateral trading system based on World Trade Organization rules.