Iran ready to resume flights to Syria: Civil aviation
Iran says it is ready to resume flights to Syria, which were suspended after the fall of president Bashar al-Assad’s government last month.
Iran’s Competitive Edge in the Tajikistan Market Declines
TEHRAN - Mohammad Hossein Roshank, the head of the Iran-Tajikistan Joint Chamber of Commerce, shed light on Iran’s declining competitiveness in the Tajikistan market. He attributed this to the high production costs in Iran, which diminish its ability to rival countries like China, Turkey, and the UAE, known for offering lower-priced goods. Tajikistan, a market driven by affordability, is increasingly favoring these nations as they aim to secure greater market share through cost-effective production.
Iran’s Foreign Trade Development Hinges on FATF Membership
TEHRAN - The president of the Iran Export Confederation has emphasized the necessity of Iran's accession to the Financial Action Task Force (FATF) to strengthen its foreign trade. Mohammad Lahouti stated that developing international trade without FATF compliance is unattainable, underscoring the government's commitment to resolving the issue.
Iran’s non-oil trade up 18% in nine months to December: Official
The head of Iran’s Trade Promotion Organization (TPO), Mohammad-Ali Dehqan Dehnavi, announced an 18% growth in the country’s non-oil trade during the first nine months of the current Iranian calendar year, which began on March 20, 2024.
Decline in Iran’s Transit Importance for Turkey
TEHRAN - Fatemeh Ghanbarpour, Vice President of the Transport, Transit, and Logistics Commission at the Iranian Chamber of Commerce, told ILNA about ongoing efforts to prevent the suspension of Iran’s Green Card membership. She stated: "Iran Insurance is a member of the COB convention, and reinsurance processes are underway. Since reinsurance operates as an insurance company linked to the COB, which is an international body overseeing the Green Card insurance system based in Brussels, we are striving to have the Iranian Chamber of Commerce introduced as the guarantor to the COB. This would place Green Card insurance under the chamber’s umbrella, similar to what happened with the TIR carnet system."
Iran’s civil aviation welcomes proposed increase in flights from Saudi Arabia
The Civil Aviation Organization of Iran has expressed its support for a proposal to increase the number of flights from Saudi Arabia to Iran as part of bilateral agreements.
Netherlands Emerges as Iran’s Third-Largest Trade Partner in the EU
TEHRAN - Trade relations between Iran and the European Union (EU) have seen significant growth in 2024, with the Netherlands playing a pivotal role. According to data from Eurostat, Iran-EU trade volume reached €3.4 billion in the first nine months of 2024, marking a 96% increase compared to the same period in 2023.
Emphasis on Achieving 10m Tons of Transit Through the North-South Corridor
TEHRAN - A joint video conference was held on Saturday between Farzaneh Sadegh, Iran’s Minister of Roads and Urban Development, and Roman Starovoyt, Russia's Minister of Transport. The meeting aimed to discuss the memorandum of understanding for the construction of the Rasht-Astara railway and to enhance transport cooperation within the framework of the North-South Corridor.
Iran’s cenbank refutes claims of reduced reserves, import issues
The Central Bank of Iran (CBI) has dismissed claims about a reduction in foreign currency reserves and the inability to support imports until the end of the Iranian calendar year on March 20.
Iran private sector operates 1st oil dock in South Pars
The first oil dock built by the Iranian private sector has become operational in Kangan located in the southern province of Bushehr.