Iranian Ambassador to China Fereydoun Verdinejad here Wednesday referred to Tehran and Beijing as two countries complementary to each other and said that by reviving the Silk Road through Shanghai Cooperation Organization (SCO) the two states can act as a bridge connecting the East and the West.
Speaking to Xinhua News Agency, Verdinejad added that the through cooperation with SCO the regional countries will be able to move along this route. At present, China, Russia, Uzbekistan, Kyrgyzstan, Tajikistan and Kazakhstan are members of the organization, which was founded in 2001. The membership of Iran, India and Pakistan as observers of the organization was approved by the foreign ministers of the member states in a meeting in Kazakhstan on June 4, 2005, which is due to be officially ratified during the two-day conference (July 5-6) to be held in the Kazakh capital of Astana.
Placing special focus on strengthening bilateral ties, Verdinejad said that priority should be given to seven measures including increased trade exchange, expansion of cooperation between the private sectors of both sides, establishment of special support tariffs, exchange of updated information, formation of a joint private bank, founding joint transportation companies and establishment of a state credit system aiming to support small and medium industries.
An Asian Economic Cooperative seems inevitable. The US is attempting to elbow it's way into the area, but the truth is, the Central Asian countries can take US dollars and do what they want anyway. The only thing the US can do with withhold the money they've gotten along without anyway. They can instead rely on their neighbors commerce, a much more reliable benefit with fewer complicated strings. The US and it's few allies aren't very popular these days.
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