Unit 14 - 3nd floor - No. 388 - Sattari Highway - East Ferdows Boulevard - Tehran - Iran

Iran’s trade with SCO up by 29% in spring

Iran’s trade with SCO up by 29% in spring

Iran’s trade with the Shanghai Cooperation Organization (SCO) member states in the spring saw a 29 percent increase, said .a senior official in Iran’s Ministry of Economic Affairs and Finance

Majid Karimi, director-general of the financial and commercial markets study office at the ministry, told IRNA on Saturday that Iran’s non-oil trade with 11 member states of the SCO reach 9.85 billion dollars in spring.

He said that Iran’s non-oil exports to those countries amounted to 5.5 billion dollars with a 20 percent increase compared to the same period last year and its imports accounted for 4.35 billion dollars up by 41 percent.

China, India, Afghanistan, Pakistan, Russia, and Uzbekistan topped Iran’s list of export destinations among the SCO members this spring, according to Karimi.

He highlighted the presence of China and Russia in the SCO as the two permanent members of the United Nations Security Council and India as an emerging economy adding to the significance of Iran’s accession to the regional organization.

Karimi said that the SCO can remove the dollar and euro from transactions between member states and plan for a single currency in the future, noting that Iran has offered using insurance and financial channels.

The SCO can also adopt proper approaches to sustainable collaborations on energy, as two world’s biggest energy producers (Russia and Iran) and two world’s biggest energy consumers (China and India) are members of the organization.






Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

About Us

Pars Pegah Tejarat International Trading Company started its economic activity in the form of holding numerous international exhibitions and conferences with a focus on CIS and Eurasian countries, especially Russia, Ukraine, Azerbaijan, Turkmenistan, Armenia, etc. in 1990 and so far more than It has held 300 exclusive, specialized and international exhibitions and business and investment collaborations with the presence of officials and senior officials of these countries.

2022 © All rights reserved to Pars Pegah Tejarat Co.