In a bid to bring transparency of prices to the markets of some major goods, Iran’s government is determined to offer such commodities through the commodity exchange.

Concurrent with the Iran-Austria Joint Economic Commission meeting, the Iran-Austria Joint Chamber will dispatch a trade delegation to Austria for a four-day visit on October 17.

Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq says Iran and Iraq have reached an agreement on Iran’s frozen assets in Iraq, adding that interaction is underway and one should not be worried about it because expansion of ties between the two countries is more important than this issue.

Secretary of Iranian Auto Parts Manufacturers Association says Iran has good potentials to increase its auto parts exports and earn up to $2b annually.

The 21st International Exhibition of Building and Construction Industry (Iran Confair 2021) was opened by Transport and Urban Development Minister Rostam Qassemi at Tehran Permanent International Fairgrounds on Monday.

The head of the Iranian parliament’s economic committee has said lack of a strategic roadmap has been the main hurdle in the way of the country’s economic development, IRIB reported.

Iranian Oil Industries Commissioning and Operation Company (OICO) has signed a deal with the National Petrochemical Company (NPC) for the operation and maintenance of the country’s West Ethylene Pipeline (WEP) which is the world’s largest ethylene pipeline.

Former Head of Trade Promotion Organization (TPO) Mohammad Reza Modoudi says most of countries like China, Taiwan, Thailand and other ones which are members of Shanghai Cooperation Organization (or Shanghai Pact) and of major trade allies of the U.S. do not want to come under the U.S. pressures due to trade with Iran, adding that most countries have the same problem and even neighboring countries like Iraq under the U.S. pressure are not willing to trade with Iran.

Head of Iran-Turkey Joint Chamber of Commerce Mehrdad Saadat says Iran’s exports to Turkey have increased by 53 percent in the first four months of the current year comparing to the same period last year but reiterated that the figure is not considerable because last year due to the pandemic and other problems Iran’s exports to Turkey had declined.

Iranian experts succeeded in indigenizing the knowledge for the production of two catalysts used in the petrochemical sector, which saves this sector $70 million.