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Shanghai Cooperation Organization

Iran works on linking national power grid to Russia, SCO states

Iran is working on a major project to link its national power grid with Russia and other members of the Shanghai Cooperation Organization through a transmission line in the east of the Caspian Sea, an official said.

Energy

Official says Iran’s SCO accession to help energy cooperation

An official with Iranian Ministry of Economy has said that Iran’s accession to Shanghai Cooperation Council can help energy cooperation as major energy suppliers are among SCO member countries.

Energy

SCO agrees to expand trade in national currencies

The leaders of the Shanghai Cooperation Organization (SCO) agreed on Friday to take steps to increase the use of national currencies in trade between their countries, according to a joint declaration adopted on Friday.

Trade

Russia, China presidents welcome Iran’s full SCO membership

Russia and China have welcomed Iran’s imminent full membership in the Shanghai Cooperation Organization (SCO).

Macro Economy

Russia says Iran will sign SCO obligations document next week

Iran is to sign a binding document next week that will put the country on a direct path to join the Shanghai Cooperation Organization (SCO), a powerful bloc of countries that include Russia and China, according to a Russian official.

Trade

Iran offers single currency mechanism to SCO member states

Iranian Deputy Foreign Minister Mehdi Safari said that his country has proposed the Shanghai Cooperation Organization (SCO) members to use a new single currency to settle the problems faced in the trade sector.

Trade

Iran’s trade with Shanghai Cooperation Organization members increases to $37 billion

Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi announced that the volume of trade between Iran and the Shanghai Cooperation Organization (SCO) has grown to over $37bln in the past Iranian year (ended on March 20).

Trade

Iran’s 11-month trade with Shanghai Cooperation Organization hits $32.7 billion

Iran’s trade with member states of the Shanghai Cooperation Organization stood at 48.9 million tons worth $32.71 billion in the 11 months to Feb. 19, 2022, registering a 41% and 31% year-on-year growth in weight and value, respectively.

Trade

Iran signs protocol for full SCO membership

Iran has reportedly signed a protocol which is considered as the beginning of a formal process for Tehran’s full accession to the Shanghai Cooperation Organization (SCO).

Macro Economy

Iran’s seven-month trade with Shanghai Cooperation Organization tops $18 billion

Iran’s trade with the Shanghai Cooperation Organization member states stood at 28.22 million tons worth $18.09 billion during the current fiscal year’s first seven months (March 21-Oct. 22), according to the latest statistics announced by the Islamic Republic of Iran Customs Administration.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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