News ID: 322494
Published: 0150 GMT June 24, 2022

SCO can help Iran nullify sanctions: MP

SCO can help Iran nullify sanctions: MP

An Iranian lawmaker said the country should take advantage of the potential of the Shanghai Cooperation Organization (SCO) to neutralize the sanctions and boost its exports.

In an interview with Tasnim News Agency, deputy head of the Iranian Parliament’s Development Committee highlighted the perfect opportunity that membership in the SCO would give Iran.

Kamal Alipour stressed the need to step up economic diplomacy in relation to Iran’s membership in the SCO and hold a conference to pave the way for the SCO member states to invest in the country.

Iran can use the potential of membership in the Shanghai Cooperation Organization to nullify the sanctions, raise finance for various projects, and boost the export of services, he added.

Iran is currently an observer state in the SCO, which includes eight members, four observer states and six dialogue partners.

During the organization's 21st summit in Dushanbe in September 2021, Chinese President Xi Jinping unveiled plans to accept Iran as a full member of the Eurasian political, economic, and security alliance.

Iran has broadened its cooperation with the SCO members in recent months and is going to host the first edition of the international conference and exhibition of economic cooperation opportunities available to member states, supervisors and dialogue partners of the SCO and Iran's neighbors, known as “Iran SCOCOEX”, in October 2022.

The exhibition will be held at the International Conference Center of Iran in Tehran with 26 SCO member states in attendance, under the auspices of Iran’s Ministry of Economy, Ministry of Industry, and Trade Promotion Organization.

Iran SCOCOEX is expected to see the participation of 250 companies from the Shanghai Cooperation Organization members.

The event is going to host key roles and decision makers representing the industrial and commercial sectors, businesses and professionals involved in improving and developing economic prosperity and trade among the SCO member states, according to the SCOCOEX organizers.


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