The following is an excerpt from Baptism and Sacramental Economy: An Agreed Statement of the North American Orthodox-Catholic Theological Consultation, which can be found at this SCOBA link.
C. The Results of our Investigation: "We Confess One Baptism"
The Orthodox and Catholic members of our Consultation acknowledge, in both of our traditions, a common teaching and a common faith in one baptism, despite some variations in practice which, we believe, do not affect the substance of the mystery. We are therefore moved to declare that we also recognize each other's baptism as one and the same. This recognition has obvious ecclesiological consequences. The Church is itself both the milieu and the effect of baptism, and is not of our making. This recognition requires each side of our dialogue to acknowledge an ecclesial reality in the other, however much we may regard their way of living the Church's reality as flawed or incomplete. In our common reality of baptism, we discover the foundation of our dialogue, as well as the force and urgency of the Lord Jesus' prayer "that all may be one." Here, finally, is the certain basis for the modern use of the phrase, "sister churches."
That statement certainly reflects Vatican II Latin ecclesiology, but how can it possibly be considered Orthodox?
I realize the statement comes from the "North American Orthodox-Catholic Theological Consultation," and not from the SCOBA bishops themselves, but it does appear on their web site.
Have they endorsed it?
I realize this thing dates from 1999, so it may have already been discussed here at some point, but I just found out about it.
A St. Tikhon's Seminary (OCA) student posted it on another web site because he thought it was a good thing. He also recently posted that concelebration agreement between the Antiochians and the Syrian Monophysites as an example of a good thing.
???