ABSTRACT
Since its launch in 2001, the SCO has prioritized the sustainable development of its member states’ national economies. This chapter examines the economic prerequisites required to ensure the progressive development of economies within the Organization. The work also identifies the circumstances weakening the prospects for expanding interregional trade and economic cooperation. This chapter assesses priority directions for economic interaction and the degree to which legal regulatory development has been pursued. The authors attempt to understand how the existing legal basis corresponds with SCO countries’ economic relationship as well as the prospects for strengthening such communication. Finally, the authors draw conclusions about the need for SCO members to enhance economic interaction within the Organization and expand a necessary regulatory framework.
