Rupee-Rial Trade in India’s UCO Bank Plans for Non-Oil Imports
India’s UCO Bank is exploring new avenues to keep the Rupee-Rrial payment mechanism with Iran alive as the US sanctions on the Islamic Republic has negatively affected trade relations between the two countries.
China Is Still Main Destination for Iran Exports
Spokesman to Iranian Oil, Gas and Petrochemical Products Exporters' Association says the slump in the oil price has affected Iran’s exports in terms of value, and the lockdown due to the Coronavirus pandemic has worsened the condition.
Iran, Iraq Talk on reopening Mehran border
Iran and Iraq customs officials are in talks with each other for reopening Mehran Border Crossing with the aim of resuming trade activities halted due to outbreak.
Sartak-Pishta border crossing Iran, KRG reopened
The Sartak-Pishta border crossing between Iraq’s Kurdistan Regional Government (KRG) and the Islamic Republic of Iran was reopened on Monday.
Pishin border resumes activity
Pakistani officials have announced the reopening of Pishin border crossing, a gateway to neighboring Iran, to resume imports of goods.
Iran Reports: Last Year Steel Ingot Exports Rose 26%
Statistical tables showed that 6,908,000 tons of steel ingot were exported from Iran in the last Iranian calendar year.
Iraq gets waiver to Import Electricity from Iran
Washington renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said.
Iran Exports Have Potentials to Touch $100b
Farshid Farzanegan, head of the Iran-UAE Joint Chamber of Commerce, believes Iran has huge potentials to boost its exports to $100b annually and it needs to use all capacities.
Iran Exports Plunge by 20% Due to Coronavirus
Head of Iran’s Trade Promotion Organization says Iran’s exports have fallen by 27% since the outbreak of the Coronavirus as the WTO had predicted it for international trade.
EAEU: Tariffs on 10 Iranian products removed
The Eurasian Economic Union (EAEU) has removed tariffs for the import of 10 Iranian products.