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.

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.

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.

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."

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.

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.

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.

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.

The first oil dock built by the Iranian private sector has become operational in Kangan located in the southern province of Bushehr.

Iran’s Deputy Defense Minister for Industrial Research Affairs Afshin Naderi Sharif has announced that the ministry will cooperate with the Energy Ministry of Energy to build power plants to produce 2.8 MW of solar and wind energy across the country.