TEHRAN (Iran News) The report outlines that while bilateral trade had once reached $2.5 billion in the 1970s and $3.2 billion in 2010, the imposition of international sanctions has significantly impacted economic ties, reducing trade volume to its current level. In 2024, Swiss exports to Iran accounted for approximately $221 million, while Iran’s exports to Switzerland were only around $20 million.

This trade imbalance highlights Iran’s reliance on imported goods from Switzerland, particularly pharmaceuticals, medical equipment, machinery, and chemicals. In contrast, Iran primarily exports agricultural products and handicrafts such as pistachios, saffron, and carpets. The disparity reflects a mismatch in the trade structures of the two countries, as well as the constraints imposed by sanctions on Iran’s ability to export to European markets.

The report emphasizes Switzerland’s strength in pharmaceuticals, machinery, financial services, and luxury goods, identifying it as a valuable potential partner for Iran. However, sanctions, competition from China, and international pressure continue to hinder the development of stronger trade ties.

Looking ahead, the report notes that lifting sanctions, enhancing financial channels such as the Swiss Humanitarian Trade Arrangement (SHTA), and expanding cooperation could help restore trade to historical levels. It also identifies opportunities for partnership in key sectors such as healthcare, industry, and energy. Nevertheless, in the short term—through the end of 2025—growth is expected to remain modest, with humanitarian trade likely to remain the primary focus under existing restrictions.

This trade imbalance highlights Iran’s reliance on imported goods from Switzerland, particularly pharmaceuticals, medical equipment, machinery, and chemicals. In contrast, Iran primarily exports agricultural products and handicrafts such as pistachios, saffron, and carpets. The disparity reflects a mismatch in the trade structures of the two countries, as well as the constraints imposed by sanctions on Iran’s ability to export to European markets.

The report emphasizes Switzerland’s strength in pharmaceuticals, machinery, financial services, and luxury goods, identifying it as a valuable potential partner for Iran. However, sanctions, competition from China, and international pressure continue to hinder the development of stronger trade ties.

Looking ahead, the report notes that lifting sanctions, enhancing financial channels such as the Swiss Humanitarian Trade Arrangement (SHTA), and expanding cooperation could help restore trade to historical levels. It also identifies opportunities for partnership in key sectors such as healthcare, industry, and energy. Nevertheless, in the short term—through the end of 2025—growth is expected to remain modest, with humanitarian trade likely to remain the primary focus under existing restrictions.

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In the meeting on Monday, the President criticized the U.S. for its unilateral withdrawal from the JCPOA and reiterated it is up to the U.S. to decide its return to the deal and observe all the details of the talks and to be committed.

Raisi added that the U.S. and European troika’s action in preparing the resolution to be approved at the meeting of the board of governors of IAEA which talks were underway was an irresponsible act and it was against the soul of talks and agreement and it was a behavioral contradiction.

He then pointed to the history of Iran and Switzerland ties which dates back to 100 years ago and said Iran is ready to broaden its ties with all countries especially in the fields of economy, politics and trade.

Raisi also pointed to the diplomatic role of Swiss Embassy in Tehran and said the U.S. and European countries are involved in miscalculation regarding Iran and expressed hope Switzerland reflects the truth about Iran to other countries in order to realize Iran despite their hostilities has continued its progress and their hegemonic policies have had reverse effects.

He once again reiterate that the U.S. should decide for remaining committed to the details of talks and agreement if it wants return to the JCPOA.

Meanwhile Swiss Ambassador to Tehran Ms. Lozano pointed to the century-long relations between Iran and Switzerland and said that they have always had positive and constructive cooperation.

She then pointed to the roadmap of relation between Tehran and Bern and stipulated that her main program as the ambassador of Switzerland is to try to broaden relations between the Islamic Republic of Iran and Switzerland.

Lozano replaces former Swiss Ambassador Markus Leitner. Switzerland has helped Iran during the coronavirus era and it has been a channel for import of medicines.

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TEHRAN (Iran News) – Visiting Swiss Foreign Minister Ignazio Cassis on Sunday said Iran and Switzerland have promoted mutual respect over the past 100 years.

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