TEHRAN (Iran News)  Head of the Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has welcomed the start of indirect talks between Iran and the United States.

Speaking on Sunday, Hassanzadeh stated that the decision to engage in negotiations with the U.S.—the first round of which was held in Muscat through Omani mediation on Saturday—demonstrates Tehran’s prudence and rational approach.

He emphasized that initiating dialogue with the U.S. is an important step toward revitalizing Iran’s economic activities.

Hassanzadeh also urged economic actors and entrepreneurs to take an active role in advancing the country’s economic diplomacy in collaboration with the Iranian administration, while maintaining a realistic view of the negotiations.

He noted that the talks in Oman have sparked optimism among Iran’s economic actors, but added that the primary strength of Iran’s entrepreneurs and producers lies in domestic capabilities and the skilled workforce.

Finally, Hassanzadeh said that any progress—whether achieved through negotiations or other initiatives—that strengthens production and expands foreign trade would set the stage for substantial development.

He emphasized that initiating dialogue with the U.S. is an important step toward revitalizing Iran’s economic activities.

Hassanzadeh also urged economic actors and entrepreneurs to take an active role in advancing the country’s economic diplomacy in collaboration with the Iranian administration, while maintaining a realistic view of the negotiations.

He noted that the talks in Oman have sparked optimism among Iran’s economic actors, but added that the primary strength of Iran’s entrepreneurs and producers lies in domestic capabilities and the skilled workforce.

Finally, Hassanzadeh said that any progress—whether achieved through negotiations or other initiatives—that strengthens production and expands foreign trade would set the stage for substantial development.

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The TCCIMA report claims that 2.4m tons of goods, excluding crude oil, worth $933m have been exported to the EAEU member states in 11 months this year which indicates a 17 percent and 4 percent decline compared to the same period in terms of weight and value.

As per the report, Iran’s imports from those countries in the mentioned period have been around 2.9m tons and valued at $1b (3 percent of the total value of the imported goods) and the figure shows one percent rise in terms of weight and 14 percent decline in terms of value.

By the way, Iran’s exports to Armenia and Russia have been more than other EAEU members in this period comparing t the preceding year and it has experienced a 15 and 21 percent rise, respectively.

Iran’s exports in terms of weight have increased to Belarus and Russia 21 and 15 percent while the country’s exports to other destinations like Armenia, Kyrgyzstan, and Kazakhstan have declined in terms of weight. By the way, except for Russia and Belarus, Iran’s exports to other EAEU member states have slumped in terms of value.

Russia has been the top exporter to Iran with exporting goods worth $956m and the figure also shows an 11 percent drop compared to the same period last year and it shows a 7 percent decline.

The TCCIMA report also claims that Iran’s trade balance with EAEU states in 11 months this year has been minus $84m and the figure shows $122m improvement.

EAEU’s trade volume with the world is around $850b annually and their exports are valued at $518b and in exchange, their imports are around $231b while Iran’s share of this market is $2.5b and its exports to those countries are around $1.6b.

Agro products especially grain are the major imports of Iran from EAEU states while agro-products especially fruits and dried fruits are its exports to those states.

Iran and EAEU signed an agreement in November 2020 while Iran’s free trade with those states is to start after 2022.

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The TCCIMA report has reviewed the trend of Iran’s commerce with Europe in 10 years. The reports claim Iran’s trade of goods with Europe has faced ups and downs in the past ten years. As per the report, in the early years of this decade, Iran’s trade with Europe has been around 27b euros that Iran’s exports have been around 17b euros while Europe’s have been around 10b euros.

In 2013, Iran’s exports to and imports from Europe have declined as the exports have faced more slumps comparing to its imports. The downtrend has continued till 2014 as the trade balance with Europe has declined from plus $6.6b in 2011 to minus $5.2b in 2014 which shows the most negative trade balance in the trade of Iran with EU.

In 2019 and 2020, Iran lost most of its export markets in Europe but its exports to Germany remained almost unchanged compared to other European countries as Germany was Iran’s major European export destination with the Netherlands and Italy trailing it.

Trade between Iran and EU member states in 2019 stood at €5.22 billion to register a 71.54% decline compared with €18.35 billion in 2018, latest data provided by the European Statistical Office show.

Germany, Italy, and the Netherlands were Iran’s top three trading partners in the European bloc with bilateral exchanges standing at €1.7 billion, €976.56 million, and €513.87 million respectively.

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He went on to say that the reduced import of products into the country seems to be related to the decreased import of Completely Knocked-Down (CKD) products from China, France and South Korea.

TCCIMA Chairman Khansari pointed to the liquidity rate and added, “in the report released by the Central Bank of Iran (CBI), liquidity rate in the country has added by 25 percent during 12-month period ending August 21 while money share of liquidity has increased from 12 to 15 percent at large.”

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Reduced exchange rate and government’s exertion of pressure on exporters for repatriating exports currency have been cited as one of the main reasons behind significant reduction behind Iran’s export of products to Iran, he emphasized.

In addition, political movements in Iraq have been considered as an external factor contributed to the reduced export of products from Iran to Iraq, Hosseini stated.

Elsewhere in his remarks, the secretary general said, “Islamic Republic of Iran Customs Administration (IRICA) has halted daily release of exports statistics and added, “typically, whenever exports trend is slowed, exports situation is not satisfactory.”

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Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei made the remarks late on Saturday in a conference entitled “Youth Entrepreneurship, Work and Future” in Iran and said, “today, moving towards development and growth is not a choice for countries, rather, it is a definite requirement.”

With their proper planning, different countries in the world have stepped up their development and growth according to their own requirements, he said and called on responsible officials and organizations to take effective steps in this regard.

However, entrepreneurs play a leading role in realization of objectives of a society, so that the country enjoys high potentials and capabilities to take giant step in this field optimally, Shafei emphasized.

Chairman of ICCIMA Shafei once again called on concerned officials to pave suitable ways for entrepreneurs in order to materialize objectives in this field.

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“In the wake of expert-level sessions held between Iraqi Housing Ministry and Iran Small Industries and Industrial Parks Organization (ISIPO), it is stipulated that Iranian projects halted in Iraq will resume,” he said.

Accordingly, some of these projects have been relaunched and other projects, mainly technical and engineering projects, will start activity soon, Hosseini highlighted.

Meanwhile, new projects will be commissioned in neighboring Iraq by the year-end.

Presently, projects such as sports stadium, water and sewage projects and also housing projects, which had been stopped in Iraq due to the presence of ISIL terrorists, will restart their work, he continued,

Elsewhere in his remarks, Hosseini pointed to organizing Iran-Iraq Joint Economic Forum and added, “this Forum will be held on July 21-22 in Iraqi capital Baghdad in the presence of relevant officials and organizations.”

Earlier, various issues such as construction of industrial parks, transit of goods and development of railways had been discussed between the two countries, he said, adding, “these issues will  be reviewed in this joint commission.”

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He, however, admitted that the London office of the chamber has been shut down in a bid to reduce the costs but reiterated that the chamber’s activities are being done and the meetings are held at the members’ offices.

In a tweet early Sunday, Iranian Ambassador to UK, Hamid Baeidinejad, rejected the BBC’s “scrambled and purposeful” report that the British-Iranian chamber of commerce in London has been shut down, and offered explanations to clear the misconception.

Baeidinejad explained that the chamber had rented an office in London for many years, but the contract ended last year, which required the chamber to look for a new office.

He added that the increase in rent prompted the chamber to come up with a solution to reduce expenses; therefore, the chamber decided to forgo the physical building and opt for a virtual/digital setup, and hire ICT technicians and rent conference halls when needed instead of having a permanent venue.

Baeidinejad further noted that the recent changes do not mean that the office has been shut down or is decreasing its activities; rather the changes are in line with using modern technology to better manage costs.

“The board of directors, as well as the chairman of the chamber, Lord Lamont, all remain in their positions, and the chamber will continue its usual activities without any changes,” he added.

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The meeting will be held at the place of TPO, he added.

Presently, promotion of export of non-oil commodities is the main priority of Iran. The country is planned to take effective steps to offer high-quality products to the international markets and in particular those in its neighboring countries.

Iranian officials have a special focus on capabilities and potentials of Iran Chamber of Commerce in order to compile necessary strategies for the removal of exports barriers and facilitate trade exchanges.

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