The Next Station, Dollar Elimination
The Next Station, Dollar Elimination
The Shanghai bus with choosing the Islamic Republic of Iran passed the station of West’s cruel sanctions against Iran and some other members of the Shanghai Cooperation Organization (SCO).

 

TEHRAN (Iran News) –The Shanghai bus with choosing the Islamic Republic of Iran passed the station of West’s cruel sanctions against Iran and some other members of the Shanghai Cooperation Organization (SCO).

The interesting point is that Almighty God wants the last goal of the diplomacy for membership in the SCO and Russian President Vladimir Putin’s felicitation to Iranian President Seyed Ebrahim Raisi to be scored during the 13th government, and finally after 16 years of waiting, Iran with signing the permanent membership undertakings during the Samarkand Summit was accepted as the 9th permanent member of the SCO.

On July 13, an online meeting of the SCO leaders chaired by India was held which was the 23rd meeting of the heads of this organization where the permanent membership of Iran in the SCO was officially announced. On June 30, the Secretary General of the SCO Zhang Ming in a phone conversation with Iran’s Foreign Minister Hossein Amirabdollahian had announced that the Islamic Republic of Iran, from July 4, would then have all the rights as other member countries of the organization.

This diplomatic action shows that Iran genuinely has overcome the cruel sanctions, and the diplomacy of the 13th government has opened the closed doors of the membership to the SCO. The past media memories bespeak of this fact that Iran had made great efforts for membership in the SCO in the past years. The officials of the 13th government resumed the efforts for membership as a great opportunity for the country.

After official announcement of the SCO for permanent membership of Iran and according to the tweet of the government spokesman, the bill for joining of Iran to the SCO in the government after passing all legal formalities will be passed to Majlis. Iran’s efforts for joining the SCO for years had faced hurdle because of the opposition of Tajikistan due to different security and political reasons but in the current condition and especially due to the successful diplomacy of the 13th government, the hurdle of Tajikistan was removed and permanent membership of Iran with a positive approach was presented in the SCO and with the nod of the organization for Iran’s membership, a lasting move was registered in the 13th government actions.

The SCO member states and observer state rank first in producing and consuming the most amount of energy in the world and this shows us that this organization in the field of import and export of energy can have close cooperation among its member states and at the same time to have great impact on the price and energy market in the world.

Iran as a permanent member of the SCO can take advantage of the existing advantages in exports of oil and gas to the SCO member states. In fact, the sales channel and return of money from energy exports can be considerably facilitated. Of course this status more depends on the condition that international sanctions against Iran are presumed fading out because under the massive and expanded sanctions of the West, some of big companies even in the SCO states will continue their cautions and will act with doubt in oil and gas trade with the Islamic Republic of Iran.

The self of opening the way for Iran for maximum passing from the sanctions even made the UN Chief António Guterres officially announce publicly his demands for removal of Western sanctions against Iran. This remark pines hope on better outlook for cooperation with big companies in the SCO realm.

It is worth noting that the next move of the 13th government can be formalizing the permanent membership in the World Trade Organization (WTO), that in the past some approvals have been shown regarding Iran’s membership as an observer state but the dossier of Iran’s membership in the WTO has remained without any result due to different reasons predominantly political and some infrastructural reasons. In between and regardless of the U.S. sanctions and its sabotages and obstructionism on course to Iran’s membership, the issue of noncompliance of Iran’s economic structures with the WTO rules and lack of the grounds for joining this organization has been brought forth.

In terms of economy, we should acknowledge that the membership in the SCO has been in line with reducing the West’s hegemony in the political and economic fields. The trade turnover of these 9 members of the SCO is currently around $7,000b and eliminating and ditching the dollar from their trade with this huge volume will be a devastating blow to the monetary credit and power of the U.S. dollar.

With official announcement of countries like India, China, Russia, Iran and Indonesia, the road for commuting for the next station which is the elimination of dollar is being paved day in day and therefore hopefully we can say that the next station will be the dollar elimination from trade.