Iran joins the Shanghai Cooperation Organization

0
12

Iran is approaching joining China and Russia in the Shanghai Cooperation Organization.

Reuters reported on Thursday that at a summit in Uzbekistan this week, Iran signed a memorandum of obligations to join the group as a permanent member — an upgrade to its observer status.

What it means: The Shanghai Cooperation Organization is working to strengthen security and trade cooperation in Eurasia. China, Russia, India, Pakistan and several former Soviet states in Central Asia are members. Turkey is also a dialogue partner of the alliance.

See also  Karine Jean-Pierre condemns GOP stunts, claims Biden is 'trying' to fix immigration system 'decimated' by Trump

Iran has been trying to join the organization for some time. Last year, it accepted Iran’s application for membership. Iran has also worked to increase trade with the group’s member states.

Why it matters: Iran’s membership in the group would demonstrate Iran’s good relations with China, Russia and Central Asia. Iran’s trade with China is increasing. In August, Iran and Russia announced that they would start trading their own currencies instead of the dollar.

See also  Italy holds crucial parliamentary elections

Iran and Uzbekistan also signed several cooperation agreements ahead of the summit this week. In June, Iran and Kazakhstan unveiled a new rail network in a further effort to boost trade.

Knowing more: Turkish President Recep Tayyip Erdogan also led a delegation to the summit. According to the official Russian news agency TASS, Erdogan met with his Russian counterpart Vladimir Putin to discuss the wars in Ukraine and Syria. Erdogan also met with Indian Prime Minister Narendra Modi, Turkey’s official Anadolu agency reported.

See also  Baldwin, Collins Pressure Senate Colleagues to Pass Marriage Equality Legislation

Erdogan promised more cooperation with the organization during his speech at the summit, especially in the security, economics and energy sectors for transport, agriculture and tourism, according to a Turkish press release.

Qatar and Egypt also became dialogue partners with the Shanghai Cooperation Organization on Wednesday, according to a press release from the organization.

LEAVE A REPLY

Please enter your comment!
Please enter your name here