India gets SCO membership.All you need to know about it.What is SCO? What benefits India will get by this membership??

After a capping process of two years, India and Pakistan finally get the SCO membership.Indian membership was strongly backed by Russia and Pakistan got support from China. 

What is SCO?

SCO is short for Shanghai Corporation organisation.A China dominated organisation popularly known for the counterweight of NATO. SCO represents  40% of the population and 20% of global GDP. SCO was founded in a summit in Shanghai by the presidents of China, Russia, Kazakhstan, Kyrgyz Republic,Tajikistan and Uzbekistan. 

India, Iran and Pakistan were admitted as observers at the 2005 Astana Summit. The Tashkent SCO summit in June 2010 lifted the moratorium on new membership, paving the way for the expansion of the grouping to make it a counterweight to NATO  

What benefit India will receive by this membership??

• Now India will have a much powerful position for making the pressure on actions on terrorism and issues  related to defence and security.
• Indian will have a greater access to the major oil and gas exploration project in central Asia as many of the SCO countries have a huge reserves of oil and natural gas.   
• India is Keen on deepening security related corporation with the SCO and regional anti-terrorism structure (RATS) which specifically deals with the matter related to security and defence defence

“India and Pakistan are now members of the SCO. It is a very important moment for us,” Kazakhstan President Nursultan Nazarbayev, who is the current chairman of the SCO, said, making the announcement at the summit of the grouping here.

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