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Published: Monday, 19 June, 2017 12:30 PM
MBA aspirants must be updated with General Awareness on current affairs. General Awareness topics with analytically drawn conclusions will benefit you in XAT, IIFT, NMAT, SNAP ,CMAT, MAT, and later in Post exams screening Tests like WAT, GD & PI , Essay writing.
Read Current Affairs Topic: Shanghai Cooperation Organization and It’s Impact on India
The Shanghai Cooperation Organization (SCO) is one of the most significant international organization formed in the post-cold war era. The SCO is primarily a group of central Asian countries with China, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan as its founder members. Later, Uzbekistan gained full membership status in 2002 while India and Pakistan were granted full membership in 2017. While the several other central Asian organizations like Collective Security Treaty Organization (CSTO), Commonwealth of Independent States (CIS), and Eurasian Economic Union etc had failed to justify their relevance in changing geopolitical dynamics, the expansion of SCO testifies its increasing significance.
It is believed that initially China was not very keen to grant full membership to India but gave in after the Russian insistence. Similarly, Russia was not in favour of granting full membership to Pakistan but gave in to the Chinese insistence. The joining of third largest economy and second largest democracy was not opposed by other members of the SCO. The two permanent bodies of SCO are the secretariat in Beijing and the Regional Anti-terrorist Structure based in Tashkent.
The SCO membership produces a great potential in providing long-term gains to both India and the SCO. Some of potential benefits accruing to India are as under:
However, the significance of Indian membership to SCO is more geopolitical then economic. As the SCO is dominated by China and Russia, the other members of the SCO will also be benefited by the admission of another regional power in the bloc.
For India, the central Asia, despite being in close neighbourhood was largely an untapped region. In fact, the aerial distance between New Delhi and the most Central Asian capitals is less than that of Thiruvananthapuram. Thus, deepening of ties between central Asia and India is a natural phenomenon which should have happened much earlier.
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