TEHRAN - Iran has announced a significant reduction in customs tariffs on goods imported from member states of the Eurasian Economic Union (EAEU), lowering rates from 20% to 4.5% under a comprehensive Free Trade Agreement set to take effect on May 15, 2025.

TEHRAN - In a joint meeting between the Board of Representatives of the Yazd Chamber of Commerce and the Iran-Japan Joint Chamber of Commerce, high-level discussions were held on key economic challenges including foreign exchange policy, the need for expanded international cooperation—particularly with Japan—and Iran’s structural economic issues.

TEHRAN - In a recent meeting focused on improving Iran-China trade relations, the head of Iran’s Trade Promotion Organization (TPO), Mohammad-Ali Dehghan Dehnavi, outlined a new strategic direction for boosting exports to China, emphasizing the need to move away from raw materials and instead promote high value-added goods.

TEHRAN - In a significant move to bolster economic and financial ties, the Governor of the Central Bank of Iran (CBI), Mohammadreza Farzin, announced plans to operationalize the integration of Iran’s domestic banking network, known as “Shetab,” with Russia’s “Mir” payment system. The broader strategy includes extending this connectivity model to all BRICS member states and neighboring countries, marking a major shift in Iran’s international banking outreach.

TEHRAN - In a meeting with the head of Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Ambassador of Niger expressed his country’s interest in strengthening mining ties with Iran, emphasizing a welcoming stance toward importing Iranian mining and mineral industry products.

TEHRAN - Uzbek Prime Minister Abdulla Aripov has announced that Iranian investors will be exempt from taxes and customs duties when investing in Uzbekistan’s industrial zones. The statement came during the Iran-Uzbekistan Business Forum, aimed at strengthening economic cooperation between the two nations.

TEHRAN - The Iranian Association of Travel Agencies has announced its full readiness to swiftly launch tourism tours between Iran and Egypt, following recent diplomatic efforts to revive tourism ties between the two countries after nearly five decades of severed relations.

TEHRAN - In a significant diplomatic and economic development, the President of Iran’s Chamber of Commerce has called on Uzbekistan to lift visa requirements for Iranian citizens, aiming to strengthen commercial and tourism ties between the two nations. The appeal was made during the Iran-Uzbekistan Business Forum held at Tehran’s Sa’dabad Palace, coinciding with the joint commission meetings between the two countries.

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, has presented a series of practical proposals aimed at enhancing regional trade among member countries of the Economic Cooperation Organization (ECO), stressing the current insufficiency of intra-regional trade volumes.

TEHRAN - The CEO of Pars Oil and Gas Company has announced plans to construct a refinery in the Aftab Kish area, highlighting that the Kish gas field has a daily production capacity of 75 to 100 million cubic meters of gas.