TEHRAN - A review of trade performance during the first 18 months of the Fourteenth Government indicates a 7 percent increase in exports and a 37.1 percent decrease in imports compared to the same period previously.

TEHRAN - Efforts to strengthen trade and investment ties between Iran and Brazil are gaining momentum, with the head of the Iran-Brazil Joint Chamber of Commerce calling for the activation of specialized committees to address technical and operational challenges. At a recent meeting held at Iran’s Chamber of Commerce, Fakhruddin Ameryaān, president of the Iran-Brazil Joint Chamber, met with former Iranian Ambassador to Brazil Hossein Ghorabi and a representative from the Planning and Budget Organization to discuss ways to enhance bilateral relations and optimize the Iran-Brazil Joint Commission.

TEHRAN - The head of Iran’s Chamber of Commerce, Samad Hassanzadeh, has called for the establishment of direct trade between Iran and Saudi Arabia and highlighted the need for an independent financial exchange platform for Islamic countries during a high-level meeting in Mecca. The proposals were made during discussions with Sheikh Saleh Kamel, President of the Islamic Chamber of Commerce and Chairman of the Federation of Saudi Chambers of Commerce.

TEHRAN - Senior Iranian and Russian business officials have called for removing customs restrictions and accelerating trade procedures between the two countries, setting a target of $10 billion in bilateral trade within the next three years.

The Caspian Port has witnessed a remarkable 181% growth in exports during the first 10 months of the current Iranian calendar year (beginning March 21), according to a senior official from the Anzali Free Zone Organization in Iran.

TEHRAN - A senior official at Iran’s Ministry of Oil has announced that major Russian companies are currently investing in seven Iranian oil fields and account for approximately six percent of the country’s total oil production, with projections indicating that this share could rise to 12 percent in the coming years. The official also highlighted expanding bilateral cooperation in the construction of nuclear power plants and large-scale energy projects.

TEHRAN - Minister of Agriculture Jihad has announced that the country, by leveraging its strategic position along the International North–South Transport Corridor, is poised to become a major regional food hub and a key center for the exchange of essential commodities in the near future.

TEHRAN - According to a report by Iran Trade Promotion Organization cited by ILNA, Iran’s foreign trade statistics for the first nine months of the Iranian year 1404 show continued trade activity, with gold ranking as the country’s top import item and five countries accounting for 74% of total exports.

TEHRAN - Former head of the Naftiran Intertrade Company (NICO) has alleged that more than $11 billion in oil revenues have not been repatriated to Iran, accusing certain intermediaries—known as “trustees”—of withholding funds and warning that a proposed government decision to settle debts through barter imports could fuel further corruption.

TEHRAN - The head of the Investment and Financing Commission at the Iran Chamber of Commerce, Industries, Mines and Agriculture says both foreign and domestic investors are retreating from Iran, warning that prolonged political and economic uncertainty has pushed the country’s capital formation rate into negative territory.