Iran Sees 4.5-Fold Increase in Exports to the Americas
TEHRAN (Iran News) Firouzi highlighted that while Iran’s imports from the Americas slightly declined in 2024, exports surged dramatically. Notably, official exports to Brazil alone saw an 8.5-fold increase compared to the previous year.
On trade relations with Europe, Firouzi noted a slight decrease in 2024 compared to 2023. He attributed this to ongoing restrictions on Iran’s access to European markets. However, he emphasized that unofficial data shows Iranian traders have managed to retain a presence in Europe by using third-country channels to supply Iranian goods.
Firouzi also reported progress in expanding Iran’s commercial presence in Europe. In 2024, trade centers were established in Serbia, Oman, and Bosnia and Herzegovina, aiming to boost private sector trade with Europe. Additionally, Iran stationed its second commercial attaché in Europe, located in Hungary.
To help Iranian traders access new markets, a series of expert meetings were held in 2024, targeting countries such as Canada and Mexico. Firouzi said the Trade Promotion Organization, in line with the 14th government’s policies, has actively pursued trade agreements. A nearly finalized free trade deal with Venezuela is expected to be implemented in 2025, marking the end of a 20-year effort.
Further developments include the start of negotiations for a free trade agreement with Serbia and the review of preferential trade agreements with Cuba and Bosnia and Herzegovina. A barter trade agreement with Cuba is also in progress.
Looking ahead to 2025, Firouzi expressed hope that despite global trade uncertainties and tariff challenges, Iran will begin to reap the benefits of its groundwork in expanding trade through free, preferential, and barter agreements, opening new avenues for Iranian goods in international markets.
- source : IRAN NEWS ECONOMIC DESK
