10.30.2008

Iran seeks banking ties with SCO

Iran has proposed the Shanghai Cooperation Organization to include Tehran as a member of the SCO Banking Consortium to lower trade costs.

“Iran's presence in the members' banking consortium can reduce the costs of economic ties and increase the volume of trade,” Iran's First Vice President Parviz Davoudi said as he delivered a speech at the seventh meeting of SCO Prime Ministers in the Kazakh capital, Astana.

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