Medvedev praises the way SCO members dealing with economic downturn

The member-states of the Shanghai Cooperation Organization (SCO) are basically successfully opposing the global economic crisis and should further coordinate their economic policies, Russian Prime Minister Dmitry Medvedev said.

"It is true that the current economic situation remains complicated, but the SCO member-states are dealing with the worst phase of the financial-economic crisis successfully on the whole," Medvedev said at a meeting of the SCO prime ministers in Bishkek.

"Nevertheless, we are not living in vacuum. The global economic downturn is affecting our countries anyway," he said.

Therefore, he suggested the SCO economies need more integration.

"Our organization should also give priority to sustainable development through consolidation of efforts and coordination of economic policies," he said.

It is also important to add dynamism to trade-investment ties within the SCO framework, he added.

"Successful accomplishment of this goal would enable both our partners and observers to be involved more actively. There are quite good opportunities here," Medvedev said.

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