The prime ministers of the six countries -- China, Russia,Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan -- reaffirmed the importance to take joint¹ action to strengthen the competitive edge of their economies and improve the livelihood² of their people, said a joint statement issued here after the 13th prime ministers's meeting of the SCO. 

 

According to the statement, member states will take steps to boost their economic and people-to-people cooperation, maintain economic stability, enhance investment environment and expand industrial output. 

 

The prime ministers also agreed to create convenient conditions for expanding their practical cooperation in finance, banking³, technology, innovation, energy, customs, agriculture, transport and telecommunications, said the statement. 

 

They welcomed China's proposal on the Silk Road Economic Belt, said it was of great significance to start negotiations⁵ and cooperation in this regard. 

 

Moreover, the heads of government stressed the need to establish as soon as possible a mechanism⁶ to ensure project financing under the framework of the SCO. 

 

They agreed to bolster⁷ investment cooperation through projects in high-tech⁸, transport and logistics, telecommunication⁴ and other areas, welcoming China's proposal to use its investment mechanisms⁹ to support the financing of the bloc's economic projects, said the statement. 

 

The prime ministers highly praised the works done by the transportation departments of the SCO member states for an agreement on the facilitation of international highway transportation between SCO members to be signed in Dushanbe on Sept. 12.

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