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Pakistani President Asif Ali Zardari said on Friday that increasedeconomic activity within the Shanghai Cooperation Organization(SCO)will help its member countries to overcome their economicweaknesses. The Pakistani leader pinned high hopes on the economic prospects ofthe SCO. Countries within the SCO can benefit from each other'sstrengths and make up for each others' weaknesses, he said. According to data from the Ministry of Commerce, the total tradevolume of SCO member states reached 4.65 trillion U.S. dollars in2011, an increase of 25.1 percent year on year. China's trade with other SCO member states rose from 12.1 billionU.S. dollars in 2001 to 113.4 billion dollars in 2011. China hasbecome Russia's largest trading partner, as well as the secondlargest trading partner of Kazakhstan, Kyrgyzstan and Tajikistan,the data showed. Statistics released by the International Monetary Fund (IMF) showedthat the total GDP volume of all six SCO members reached 9.39trillion dollars last year despite the impact of the globalfinancial crisis. In 2001, the year the SCO was established, thefigure was 1.67 trillion dollars. Another advantage of the SCO is its capacity to enable countrieswithin the bloc to address shared disadvantages, according toZardari. This year marks the beginning of the second decade of the SCO. Whenvoicing his expectations for the SCO's development over the nextdecade, Zardari said he hopes nations within the SCO will come to acommon understanding of the political challenges they face. The president said he believes people-to-people exchanges among SCOmember states, observers and dialogue partners are bound toincrease in the next decade. Zardari arrived in Beijing on Tuesday night to visit China andattend the SCO Beijing summit held Wednesday to Thursday. Pakistanis an SCO observer state. On Thursday, Zardari held talks with his Chinese counterpart HuJintao, during which Hu called for deepened pragmatic cooperationbetween the two neighbors, especially in sectors relating to trade,energy and infrastructure construction. During the talks, Zardari said he welcomes Chinese enterprises toexpand investment in Pakistan, especially in infrastructureconstruction and energy, so as to safeguard Pakistan's economicdevelopment and improve its people's living standards. The SCO was founded in Shanghai on June 15, 2001 and currently hassix full members -- China, Kazakhstan, Kyrgyzstan, Russia,Tajikistan and Uzbekistan. Prior to Thursday's inclusion ofAfghanistan as an observer state and Turkey as a dialogue partner,the SCO had four observer states (Mongolia, Iran, Pakistan andIndia) and two dialogue partners (Belarus and Sri Lanka). The e-commerce company in China offers quality products such as HTC Digitizer Replacement Manufacturer , Iphone 3G Replacement Parts Manufacturer, and more. For more , please visit Samsung Galaxy s Housing today!
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