Defence Minister Rajnath Singh has said that the only way to fight the scourge of terrorism is to strengthen and implement all existing international laws and mechanisms without exceptions or double standards. Addressing the Shanghai Cooperation Organization Summit meeting in Tashkent, Uzbekistan on Saturday, Singh said, terrorism continues to disrupt the societies and undermine the developmental endeavours and it is important for SCO countries to come together to deal with the menace.
He said, SCO brings together forty per cent of the world’s population and the successful cooperation within the framework of SCO, therefore, is of great significance of the world. Singh said, economic cooperation is the foundation of cementing the future of the people and ensuring them a better life. He said, unilateralism and protectionism have done good to none. He said, in the context, India remains committed to a transparent, rules-based, open, inclusive and non-discriminatory multilateral trading system with the World Trade Organization at its centre.
Singh said, India is committed to providing an enabling economic ecosystem for partner countries to do business and also invest in India. He said, recently, India has announced relaxed FDI reforms, allowing 100 per cent foreign investment in coal mining and contract manufacturing, eased sourcing norms for single-brand retailers and approved 26 per cent overseas investment in digital media. He said, SCO Members can work together for technology and investment support to food processing and put in a supporting logistics chain.