Iran-UAE ties Archives - Iran News Daily https://irannewsdaily.com/tag/iran-uae-ties/ Thu, 17 Jun 2021 06:01:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.4 https://irannewsdaily.com/wp-content/uploads/2020/04/cropped-iranlogo-32x32.png Iran-UAE ties Archives - Iran News Daily https://irannewsdaily.com/tag/iran-uae-ties/ 32 32 Iran-UAE Trade Expected to Hit $20b by March 2022 https://irannewsdaily.com/2021/06/iran-uae-trade-expected-to-hit-20b-by-march-2022/ https://irannewsdaily.com/2021/06/iran-uae-trade-expected-to-hit-20b-by-march-2022/#respond Thu, 17 Jun 2021 06:01:29 +0000 https://irannewsdaily.com/?p=129105 TEHRAN (Iran News) – Iran-UAE Trade Expected to Hit $20b by March 2022. The value of trade between Iran and the United Arab Emirate (UAE) is expected to reach $20 billion by the end of the current Iranian calendar year 1400 (March 2022), according to the head of the Iran-UAE Joint Chamber of Commerce. “Based […]

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]]> TEHRAN (Iran News) – Iran-UAE Trade Expected to Hit $20b by March 2022. The value of trade between Iran and the United Arab Emirate (UAE) is expected to reach $20 billion by the end of the current Iranian calendar year 1400 (March 2022), according to the head of the Iran-UAE Joint Chamber of Commerce.

“Based on the reached agreements between the two countries and economic forecasts, the two sides’ trade will reach $20 billion by the end of the current [Iranian calendar] year,” the portal of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) quoted Farshid Farzanegan as saying.

Speaking at the unveiling ceremony of a UAE Business Guide booklet in Tehran, Farzanegan put the Iran-UAE’s current trade at about $15 billion, saying:” both sides are seeking to increase trade to $30 billion by 2025.”

“Gold, diamonds, and metals such as aluminum, copper, and steel are among the UAE’s largest trading items,” he said, adding that Iran has always been one of the UAE’s main suppliers of metallic raw materials, although the trade of such products between the two sides has declined due to the sanctions.

He further noted that the export of agricultural products and foodstuff to the UAE suffered the least damage from the sanctions and the coronavirus pandemic.

“In our relation with this country, the issue of investment has always been raised, but in recent years due to rising investment risks in Iran we could not define many joint activities with the UAE,” he added.

The UAE is Iran’s top trading partner in terms of imports and the country’s third-largest export partner, indicating that many Iranian companies have put trade with the UAE on the agenda.

Farzanegan said that the UAE imports $260 billion of various products a year and is known as a trade hub in the region.

“If we can expand our trade with UAE, Russia, and Turkey, Iran’s export capacity will grow significantly,” the official added.

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]]> https://irannewsdaily.com/2021/06/iran-uae-trade-expected-to-hit-20b-by-march-2022/feed/ 0 Iran, UAE trade observed by health protocols due to Coronavirus https://irannewsdaily.com/2020/04/iran-uae-trade-observed-by-health-protocols-due-to-coronavirus/ https://irannewsdaily.com/2020/04/iran-uae-trade-observed-by-health-protocols-due-to-coronavirus/#respond Mon, 06 Apr 2020 07:34:59 +0000 https://irannewsdaily.com/?p=108126 TEHRAN (Iran News) – Chairman of Iran-UAE Joint Chamber of Commerce Farshid Farzanegan said on Monday that trade between the Islamic Republic of Iran and the United Arab Emirates (UAE) is underway through observing health protocols to contain the coronavirus. Given the outbreak of coronavirus, also known as COVID-19, throughout the world and the significance […]

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]]> TEHRAN (Iran News) – Chairman of Iran-UAE Joint Chamber of Commerce Farshid Farzanegan said on Monday that trade between the Islamic Republic of Iran and the United Arab Emirates (UAE) is underway through observing health protocols to contain the coronavirus.

Given the outbreak of coronavirus, also known as COVID-19, throughout the world and the significance of ensuring the health and wellbeing of people, health protocols and sanitary regulations are executed in all countries while admitting and transporting exported cargos, he added.

Accordingly, health protocols are strictly observed with regards to admitting export cargoes of Iranian products to the United Arab Emirates and all Iran’s export goods are transported to the United Arab Emirates via refrigerated containers, Farzanegan noted.

Elsewhere in his remarks, he pointed to the transport of products via air and added, “some airlines transport basic commodities from the United Arab Emirates towards Iran and effective steps have been taken in this regard.”

Iran’s export of fresh fruit to UAE is of paramount importance, he said, adding, “presently, Iran’s export of fruit to the Arab country is underway without any obstacle.”

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