Iranian exports to countries in the Shanghai Cooperation Organization (SCO) rose by 61% in value terms in the six months to September 22.

Figures by the Iranian customs administration (IRICA) published on Thursday showed that Iranian shipments to the SCO countries had reached over $9.558 billion in value terms.

Exports to the SCO also rose by 13% in volume terms to a total of more than 22.8 million metric tons, showed the figures.

That comes as Iran expects its trade with SCO to increase significantly after the bloc started a formal process in mid-September to accept the country’s full membership.

Iran has been an observer member in the organization for years aiming it can expand its trade ties with leading members like China while also seeking to bolster relations with Russia and landlocked countries in the Central Asia region.

 

Source: Press TV