On January 18, 2022, a cooperation agreement was concluded between Iran-Austria Joint Chamber of Commerce (IAJCC) and the Tehran Regional Arbitration Centre (TRAC).

According to this cooperation agreement, the two parties agreed upon joining forces in the promotion of TRAC arbitration and other alternative dispute resolution methods as a means for the peaceful settlement of international commercial disputes, through the provision of organizational services for arbitration and mediation of disputes arising out of commercial agreements, as well as holding related training courses.