Post
Topic
Board Economics
Merits 4 from 1 user
Re: 11 more countries just joined BRICS this week
by
Zlantann
on 05/09/2025, 06:59:28 UTC
⭐ Merited by pooya87 (4)
pooya87, according to my research this SCO as a geopolitical organisation is a successor of what was known as the Shanghai-five, that was established since 1996 starting with a five member country which now later translate  to SCO with an intricate political and economic corporation now, currently made of a 10 member states.

Besides the ten member states, the organisation also has observer states and dialogue partners. One of the resolutions in this year's SCO summit was to set up a development bank to strengthen financial resilience among member states and reduce dependence on the US dollar.

Quote
In all, the bloc now brings together 26 countries across Asia, Europe and Africa, including observer states Mongolia and Afghanistan and 14 dialogue partners: Sri Lanka, Turkey, Cambodia, Azerbaijan, Nepal, Armenia, Egypt, Qatar, Saudi Arabia, Bahrain, Kuwait, Myanmar, the Maldives and the United Arab Emirates.

While we keep focusing on BRICS and its successes we are forgetting another alliance that is forming under Shanghai Cooperation Organization (SCO) which had a summit this week and it completely changed its face and is starting to become more active in establishing the World Order in the world that chaos used to rule for the past couple of decades...

The world needs more viable partnerships because the bullying of the US is getting out of hand. Some businesses in my country, whose major customers are in the US, are going bankrupt because of this tariff. You can't send any product to the US without paying high postal rates. Many of these business owners have started seeking markets in other countries.  Many travel agencies are now promoting visa applications for mainly Asian countries for businesses to seek other opportunities.