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.
IRNA
Tehran , IRNA – Although sanctions and the internal rules of companies are obstacles to releasing details of contracts between Iranian and Russian car manufacturing companies, good interactions and contracts have formed between the two countries, said a member of the board of directors of the Iranian Association of Homogeneous Industries in Car Parts making […]
A remarkable increase in Iran’s trade exchanges with Eurasian states and the exports of agricultural products and high-tech services to Russia have yielded a positive trade balance with the Russian Federation, the Trade Promotion Organization of Iran said. In a Sunday meeting of the Iranian Administration’s Economic Coordination Headquarters, chaired by President Ebrahim Raisi, the […]
ITF Group international trading company with the history of 30 years activity in organizing trade exhibitions and conferences globally and internationally.
ITF Group is proceeding to organize international exhibitions in needed fields of industry and growing markets with universal attendance.
The C.I.S region is our specialized market field .We help you to connect your business to the markets all over the world.
Website design and SEO by
MhFarhoud
Leave a Reply