Iraq isn't in the SCO yet. I'd expect Iraq to join soon and kick the rest of American forces out of its country.
Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation
- Thread starter Strangelove
- Start date
also, I have to take back what I said about Iran if this is actually the deal they are getting from the Iranians on energy as I posted on the Chinese economics Thread. I know Chinese negotiators are pretty ruthless, but this is next level stuff.
Seems like Zoltan has some really good sources with his position. I just needed more confirmation at the time
Of course, Iran has talked about using more RMB in its trading with China and probably that means they will use CIPS also.
None of this means China should favor Iran or GCC countries, but rather China has used its position very well. I would caution them from taking advantage of Iran too much, since that would cause resentment.
Seems like Zoltan has some really good sources with his position. I just needed more confirmation at the time
so it seems like the combination or Russia/Iran/Venezula has given China the leverage to push for trading oil in Yuan. That's quite a strong move. I think quite the change. Obviously, Russia was the key cog here with its general push to de-dollarize, but having Iran in the fray helps also.
Of course, Iran has talked about using more RMB in its trading with China and probably that means they will use CIPS also.
None of this means China should favor Iran or GCC countries, but rather China has used its position very well. I would caution them from taking advantage of Iran too much, since that would cause resentment.
There's no such thing as resentment or goodwill in international relations. If there's any "emotional" component to international relations it's the more you hurt and abuse someone, the more they follow, obey, even love you. A very unhealthy interpersonal dynamic but it seems to be the way countries work.
Iran eyes $2bn worth of dairy exports to China until 2025
Wednesday, 22 February 2023 7:26 PM [ Last Update: Wednesday, 22 February 2023 7:26 PM ]
Iran’s agriculture minister says dairy export to China will amount to $2 billion in the next two years.
Iran expects to earn some $2 billon from exports of dairy products to China in the next two years as part of recent bilateral agreements that will lead to an increase in Iranian agrifood exports to the east Asian country.
Iran’s agriculture minister Javad Sadatinejad said on Wednesday that the country had secured an agreement with China under which Iranian dairy companies can launch exports to the country for a first time.
Sadatinejad said the agreement was finalized during a visit last week by Iranian President Ebrahim Raeisi to China and was part of a larger food diplomacy understanding to expand agriculture cooperation with Beijing.
He said China will also start importing apple from Iran under the deal signed last week, adding that some 100,000 metric tons of Iranian apple shipments will be exported to China under a first phase of the agreement.
The minister said Iranian agrifood exports to China had reached some $350 million in the 10 months to late January, adding that the figure was a fivefold increase compared to exports figures reported four years ago.
Damn.. China is taking Iran to the cleaners lol
Seriously, wtf. Thats some brutal new terms that China is seeking if this report is true. Well its also true that the international environment for Iran nowadays is much worse than it was when the 25-year deal was signed, so Iran shouldn't be surprised if China wants to take another bite out of them.
The reputation of the Chinese negotiators being very tough is truly well deserved. I almost felt sorry for Iran when I read what kind of new terms China was seeking haha
TBH I'm not too fond of this kind of short term exploitation if it is true. I'd much prefer if China is able to establish some long term institutional change in Iran that is irreversible and firmly put Iran into China's camp and prevent them from flipflopping every few years.
In comparison buying some cheap gas just seems so short sighted.
In comparison buying some cheap gas just seems so short sighted.
solarz
Brigadier
What does non-convertible yuan even mean? How is it different from regular RMb?
If you agree to accept China's currency in trade, isn't it a given that you will be buying Chinese goods with it? Sounds like normal trade to me.
Seems to me if Iran can exchange their oil for the everyday essentials and consumer goods China produces, they are getting a pretty good deal. After all, what's their alternative? Keep their oil in the ground and not being able to buy anything from the West due to sanctions?
solarz
Brigadier
They're getting everything that they can't make themselves.