President Ebrahim Raisi has ordered ministries of trade and finance to introduce an outright ban on home appliances imports into the country after the Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei warned that such shipments could paralyze local manufacturers.

An Iraqi delegation headed by the country’s Electricity Minister Majid Mahdi Hantoush visited Tehran on Saturday to discuss the expansion of energy ties with Iran, especially gas imports from the country, Shana reported.

Chairman of Iran-UAE Joint Chamber of Commerce Farshid Farzanegan says Expo 2020 Dubai may accelerate the trade between Iran and the UAE and the bilateral trade volume can increase by 25 percent.

The head of the Atomic Energy Organization of Iran (AEOI) says Tehran and Moscow have reached preliminary understanding on a framework to accelerate joint nuclear projects.

Heads of the Iran-Italy Joint Chamber of Commerce have stressed the need for expansion of trade ties between the two countries' private sectors, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Production of home appliances in Iran increased 8.7 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, the data released by Industry, Mining, and Trade Ministry indicate.

According to the latest report released by Iran Trade Promotion Organization, Iran’s exports to Uzbekistan have increased by 370 percent in the first five months of the current year comparing to the same period last year and Uzbekistan became the second major export destination after Russia among the CIS states.

Iran’s former Ambassador to Venezuela says among the Club of the Sanctioned, the win-win game has begun,  adding that those sanctioned countries enter this club will themselves become a major power in making sanctions ineffective like the fuel which was sent to Syria and Lebanon while both countries are under sanctions.

 Iran’s customs office (IRICA) says that exports from the country rose by 61% in value terms in the first half of the calendar year that started in late March as its foreign trade hit $45b.

Iran currently stands in 20th place among the world’s top automobile manufacturers producing 821,060 vehicles by the end of 2019, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), worldpopulationreview.com reported.