December 15, 2020
1 min read

Covid-19 boosts digitalisation: SCO

Speaking via video conference here on Monday, Norov said the digital economy and cross-border e-commerce will play an increasingly important role in rebuilding the world economy after the Covid-19..reports Asian Lite News

Vladimir Norov, Secretary-General of the Shanghai Cooperation Organization (SCO), said the coronavirus pandemic, despite its enormous damage to public health and global economy, had brought new opportunities by accelerating digital transformation.

Speaking via video conference here on Monday, Norov said the digital economy and cross-border e-commerce will play an increasingly important role in rebuilding the world economy after the Covid-19 in terms of achieving economic growth, increasing the competitiveness of economies and improving the quality of lives, thus contributing to sustainable development goals, reports Xinhua news agency.

“In times of Covid-19, global online retail sales are on the rise, and additional jobs are being created,” he added, according to a statement issued by the Islamabad-based think tank, Sustainable Development Policy Institute (SDPI).

The SDPI has organised a four-day conference titled, ‘Sustainable Development in the Times of Covid-19’, according to the statement.

“This year’s SCO Summit concluded while finalizing an action plan for the implementation of the SCO development strategy 2025, which focuses on the early recovery of our economies from the pandemic,” the SCO Secretary-General said.

SDPI Joint Executive Director Vaqar Ahmed said that the action plan for the SCO development strategy is comprehensive and would provide an opportunity for all member countries to cooperate.

He said the digital transformation approach of SCO is welcomed and various sub-regional economic corridors will contribute to regional integration.

Also read:China calls for boosting ties with US

Also read:‘World’s Largest’ Scooter Factory To Be Set Up In TN By Ola

Previous Story

Amicably Solving Farmer Agitation Vital For Economy: CII

Next Story

G20 Nations’ GDP Grows 8.1% in Q3 2020: OECD

Latest from -Top News

Musk Goes Political

Billionaire tech mogul launches ‘America Party’ to challenge Washington’s status quo…reports Asian Lite News In a sensational twist to the Trump-Musk fallout saga, the Tesla CEO launched his own “America Party”. Musk

UAE Takes Part in 3rd BRICS Sherpa Meeting

For the UAE, BRICS provides a valuable platform for dialogue and policy coordination across regions….reports Asian Lite News Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs and the UAE’s

7/7 London & 12/3 Bombay – Tale of Two Cities

The 7/7 bombings changed London forever. The Victorian-era Tube system still struggles with outages and emergencies. A minor fire or power failure still sends people scrambling in fear.  I saw the same
Go toTop