China shoulders 24 percent SCO annual fee

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Last updated at: (Beijing Time) Friday, January 16, 2004

China shoulders 24 percent SCO annual fee

The annual fee of the Shanghai Cooperation Organization (SCO) is distributed in line with each country's obligations and willingness, said a senior official of the organization in Beijing Thursday.

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The annual fee of the Shanghai Cooperation Organization (SCO) is distributed in line with each country's obligations and willingness, said a senior official of the organization in Beijing Thursday.

Zhang Deguang, secretary-general of the new SCO Secretariat, told press that the SCO annual budget totaled 3.5 million dollars, of which 2.16 was allocated to the secretariat. The rest was the budget of the SCO regional anti-terror center, the other permanent SCO organ, Zhang said.

According to Zhang, China and Russia shoulder 24 percent of the annual fee each, while Kazakhstan took 21 percent, Uzbekistan, 15 percent, Kyrgyzstan, 10 percent and Tajikistan, six percent.

He stressed that even though different member states shoulder different proportions of fees, each has an equal right in decision-making in line with the SCO Charter and in light of democratic consultation.

"There is no veto in the SCO, so no major country can outweigh others," said Zhang.

The Shanghai Cooperation Organization, officially established in June 2001, comprises China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Source: Xinhua

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