商务部：研究推进上合组织贸易投资一体化发展

Core Viewpoint - The upcoming Shanghai Cooperation Organization (SCO) summit in Tianjin in 2025 is expected to be the largest since the organization's inception, presenting significant opportunities for regional economic cooperation [1] Trade Cooperation - In 2024, trade between China and other SCO member countries is projected to reach approximately $512.4 billion, marking a 2.7% year-on-year increase and doubling the trade volume from the 2018 Qingdao summit [2] - China imported nearly $90 billion worth of oil, natural gas, and coal from other member countries last year, along with $13.66 billion in agricultural products, with energy imports accounting for about one-fifth of China's total imports [2] - Exports of electromechanical products from China to SCO member countries amounted to $210 billion, representing 63% of total exports [2] Investment Cooperation - Investment cooperation among SCO member countries is deepening, with China signing investment protection agreements with all member states and upgrading investment agreements with Russia, Kazakhstan, and Tajikistan [3] - As of July 2025, China's total investment stock in other member countries exceeds $84 billion, with cooperation expanding from traditional sectors like oil and gas to emerging fields such as digital economy and green development [3] Connectivity Projects - Significant progress has been made in connectivity projects, including the successful operation of the China-Central Asia natural gas pipeline and the China-Russia oil and gas pipeline [3] - Infrastructure projects like the China-Russia Tongjiang Railway Bridge and the Heihe Highway Bridge have been completed, and the China-Europe Railway Express has operated over 110,000 trains, ensuring stable regional supply chains [3] Future Cooperation Initiatives - The Ministry of Commerce plans to send a delegation to Russia for the upcoming SCO Economic Ministers' meeting to discuss the implementation of agreements reached at the Tianjin summit [4] - Future initiatives for enhancing regional economic cooperation include integrated trade and investment development, deepening international supply chain cooperation, and improving the regional economic cooperation framework [5] - The SCO member countries share common development goals and cooperation intentions, aiming to implement the economic outcomes achieved at the Tianjin summit [5]