Tehran to Host SCO’s Industry Ministerial Meeting: Deputy Economy Minister

A meeting of the industry ministers of the Shanghai Cooperation Organization (SCO)’s member states will be held in Tehran later this year, an official said.

News ID: ۸۲۶۰۶۹

20 February 2024

EghtesadOnline: Speaking at the 8th Working Group of Investment of SCO’s member states, Head of Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Ali Fekri noted that organizing the first prestigious economic event of the organization indicates the political will of the Islamic Republic of Iran for the advancement of the programs of the organization.

The deputy minister of economy hoped that the country would use the high capacities and potential of the organization.

The OIETAI is ready, in addition to introducing investment opportunities, to cooperate with the member states of the Shanghai Cooperation Organization in line with materializing mutual economic objectives, Fekri emphasized.

Accordingly, an expert-level meeting will be held at Pardis Science and Technology Park, he added.

The more social and economic bonds are strengthened among member states of the organization, the more the concept of unilateralism will mitigate, the deputy economy minister continued.

Earlier, Iranian President Ebrahim Raisi said that the Shanghai Cooperation Organization’s enormous potential in various areas has enabled it to deal effectively with unilateralism and contribute to regional and international convergence.

Back on February 14, the spokesperson of Iran’s House of Industry, Mine and Trade for Trade Promotion and International Affairs Commission said the trade exchanges between Iran and the SCO’s member states in the first 10 months of the current Iranian calendar year (started March 21, 2023) reached $37 billion.

The trade exchanges between Iran and SCO’s member states from March 21, 2023, to January 22, 2024, registered a 41 and 5.5 percent growth in volume and value respectively compared to the same period last year, he noted. / Tasnim