The Director-General of Ministry of Labor, Cooperatives and Social Welfare for International Affairs Hamed Forouzan says the main strategy if the ministry is to boost economic relations and expansion of international trade markets with the regional states.

A member of Iran’s Chamber of Commerce says barter of tea with oil between Iran and Sri Lanka is not fair because Sri Lankans will give Iran second or third degree tea as their low quality tea has no customer in the world.

Iranian Energy Ministry and some of the country’s private contractors signed memorandums of understanding (MOU) on Sunday for cooperation in the construction of renewable power plants to generate 10,000 megawatts (10 gigawatts) of electricity across the country.

Iran’s former ambassador to China says Beijing’s decision to open its consulate in Bandar Abbas has nothing to do with any certain trade between the two countries and it is aimed at giving consular services to Chinese nationals in Iran who are mostly living in southeastern Iran.

Central Bank of Iran (CBI) and Industry, Mining and Trade Ministry have signed a memorandum of understanding (MOU) with seven acting banks to collaborate on implementing a supply chain financing plan to provide facilities to production units across the country, IRIB reported.

Secretary of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi says the trade between Iran and South Korea is at its lowest level and Iran’s exports to South Korea have been around $54m in eight months in the current Iranian calendar year and the figure does not worth mentioning comparing to the previous billion-dollar trade volumes in the past.

Head of the Georgia-Iran Chamber of Commerce and Industry Seyedeh Fatemeh Moghimi in a webinar said that the trade volume between Iran and Georgia has declined by 15 percent this year and called for exploring ways for expansion of trade with this European country.

In an in-presence and online meeting at Iran Chamber of Commerce, ways of boosting trade between Iran and Thailand were discussed and participants reiterated that Iran and Thailand should sign the preferential trade agreement to enhance bilateral trade.

Secretary of Iranian Association of Exporters of Technical and Engineering Services Bahman Salehi Javid says Iraq’s debts to Iran are a huge figure as Iraqis owe some $800m to Iranian companies.

The connection of the railway from Iran’s southwestern Shalamcheh town to Basra city in Iraq has been among the issues pursued by the governments of the two countries for many years.