senior officials from the Syrian ministries of Finance, and Economy and Trade, in which the two sides stressed accelerating the process for establishing an Iran-Syria joint bank.
Head of the Iran-Iraq Joint Chamber of Commerce believes Iran and Iraq can touch the set target for boosting their trade volume to $20b and it is up to the foreign ministry to use its potentials for boosting trade.
The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter.
Iranian President Hassan Rouhani ordered the formation of a committee comprising multiple organizations tasked with facilitating and promoting trade with neighboring states.
IME announced that 543,582 tons of commodities, valued at over $221 million, were traded in its domestic trading and export halls in the week ending October 8.
Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade.
The Islamic Republic of Iran Customs Administration (IRICA) said the country’s foreign trade has exceeded $24.6 billion in the first five months of the current year.
Head of Iran-Russia Joint Chamber of Commerce Mr. Hadi Tizhoosh-Taban says the current trade volume of Iran and Russia is around $1.8b and Iran’s share of exports from this figure is $500m to $600m.
Iran’s Foreign Minister Mohammad Javad Zarif said the limits on arms trade with Iran will be lifted by the end of October.
US stocks ended a volatile session with major averages mixed, as declines in technology shares continued after a five-month rally came to a halt last week.