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  • 19-09-22

    Iran seeks free exchange with SCO participant states

    (MENAFN) Chief of Iran’s Trade Promotion Organization (TPO) Alireza Peyman-Pak stated that leader Ebrahim Raisi has assured the necessity for creating Free Trade Agreements (FTAs) with associates of the Shanghai Cooperation Organization (SCO), according to what was reported by the TPO portal.

    Making the comments in a meeting with the national TV, Peyman-Pak noted the necessity of lifting the fences to economic and banking trades with the SCO member nations, stating that “During President Raisi’s meetings with the presidents of some SCO members, the development of trade and the removal of obstacles and challenges were emphasized.”

    The TPO chief stated that “We have had a good experience with the Eurasian Economic Union (EAEU); 80 percent of the process [for reaching an FTA with EAEU] has been completed and we will finalize technical discussions in December and the draft of the agreement will be sent to the parliament for approval.”

    Peyman-Pak continued: “Since most of the Eurasian countries are also members of the Shanghai Organization, the president suggested that we pursue establishing free trade agreements in the Shanghai area as well.”

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