Bangladesh decides to join Shanghai-based Waico as observer: MoFA

Bangladesh has decided to join the World Artificial Intelligence Cooperation Organization (Waico) initially as an observer, said the Ministry of Foreign Affairs today (1 August).

Headquartered in Shanghai, Waico is an inter-governmental organisation which was formed on 16 July.

On 16 July, twenty-nine countries signed an agreement in Shanghai on establishing the World Artificial Intelligence Cooperation Organization.

Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee, signed the agreement on behalf of the Chinese government.

Representatives from the 29 countries, including Kazakhstan, Laos, Pakistan, Russia and Indonesia, signed the agreement, making their countries Waico's founding members.

The United Nations Secretary-General Antonio Guterres was among representatives from countries and international organisations present at the signing ceremony, reports Xinhua.

The organisation will uphold the purposes of the UN Charter, be committed to extensive consultation and joint contribution for shared benefit and adhere to a people-centred approach, according to the agreement.

It aims to promote international cooperation and global governance on AI, ensuring that AI is beneficial, safe and fair, thereby promoting its healthy and orderly development to benefit all humanity.

Waico's stated goals include, among other things, deepening international cooperation on innovation, promoting inclusive development by reducing the global digital divide, supporting an open, fair, and non-discriminatory environment for global AI development, and advancing AI regulations aiming to ensure that this new and evolving technology is beneficial and safe for humans.