SCO Backs WTO in Global Trade Revamp

The Shanghai crew steps up for global trade fairness!

The Shanghai Cooperation Organization (SCO) just threw its weight behind a major push for a more balanced global trade system anchored by the World Trade Organization (WTO). Think of it like the Avengers of trade alliances—minus the capes.

In a Thursday statement, SCO member states vowed to champion an open, transparent, and inclusive framework to tackle today’s trickiest trade challenges—from supply chain snags to ensuring developing nations get a fair shot.

Why it matters: With over 40% of the world’s population under its umbrella, the SCO’s move signals a united front to reboot global supply chains and keep markets humming. Perfect timing for young pros and entrepreneurs eyeing cross-border opportunities.

Bonus takeaway: The group also called for sustainable trade practices—because even commerce needs a green twist these days.

Reference(s):

SCO vows to uphold WTO-centered multilateral trade system

cgtn.com