Indian External Affairs Minister S. Jaishankar, during his remarks at the 23rd Shanghai Cooperation Organization (SCO) summit, underscored the necessity of peace, stability, and regional collaboration to foster economic development and prosperity.

He emphasized that cross-border infiltration undermines trade and hinders diplomatic relations between nations, underscoring the necessity of mutual respect and sovereign equality among SCO members.

Jaishankar emphasized the capacity of industrial collaboration, especially among small and medium companies (SMEs), to enhance employment, competition, and market expansion. The Indian foreign minister noted, “Collective initiatives can enhance resources and stimulate investment flows, benefiting business communities through expanded networks.”

Emphasizing environmental sustainability, Jaishankar endorsed collaborative efforts in environmental protection, highlighting that the International Solar Alliance can advance renewable energy, while the Alliance for Disaster Resilient Infrastructure equips member nations to confront climate-related challenges.

He also discussed global health concerns, claiming that affordable and accessible medications will facilitate the treatment of both communicable and non-communicable diseases.

Jaishankar advocated for extensive reforms in international organizations, highlighting the necessity to modernize entities such as the United Nations Security Council. He stated, “Global trade and rebalancing are undeniable realities,” encouraging SCO states to capitalize on rising opportunities in trade, investment, and energy collaboration.

Jaishankar emphasized that the area can only derive advantages from these potential if collaboration is founded on authentic partnerships rather than unilateral objectives. He advocated for a candid dialogue among SCO members to tackle trust problems and foster regional development. He stated that mutual trust and cooperation are essential for attaining regional progress.

Furthermore, Jaishankar emphasized the catastrophic effects of the COVID-19 epidemic on developing countries and expressed apprehensions regarding escalating debt and the worldwide delay in attaining Sustainable Development Goals (SDGs). He recognized the potential afforded by technology, yet emphasized that it also presents new issues requiring community resolution.

Jaishankar reiterated India’s endorsement of Pakistan’s effective leadership of the SCO this year and commended the host nation for leading the summit. He finished by urging SCO member nations to adhere to the organization’s aims, especially the enhancement of mutual trust, camaraderie, and amicable relations.

Jaishankar emphasized the necessity for the SCO to assume a pivotal role in tackling regional and global challenges, especially in combating terrorism, separatism, and extremism, which he deemed essential for maintaining peace and stability.