Chinese Expected to Invest $80b in Iran’s Mining Sector
Head of Mines and Mining Industry Commission of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) says the Chinese are interested to have $400b investment in different sectors in Iran and it is expected $80b to be invested in the mining sector.
U.S. Economic War Waged Against Iran Totally Failed
President Hassan Rouhani says the economic war waged by the United States against the Islamic Republic has totally failed and all measures taken by Washington to bring Tehran to its knees have been proven futile.
Iran can ease transit route for Uzbekistan to world market
Iranian Foreign Minister Mohammad Javad Zarif said that Islamic Republic of Iran can ease transit route for Uzbekistan to the global markets.
Saudis No Rivals for Iran in Iraq Market
Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq believes the trade between Iran and Iraq will get better in the future, admitting that Iraqis refrain from paying their debts to Iran due to different pretexts.
Iran Keen on Tripling Exports to China
Iran is capable of increasing the value of its exports to China to $27 billion within the next few years, according to top economic officials in the country.
$7.5 billion : Iran’s monthly foreign trade
Iran’s foreign trade stood at $7.46 billion during the 12th month of the last fiscal (Feb. 20 to Mar. 20).
Tehran, Damascus Call for Establishing Joint Bank
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.
Materializing Iran-Iraq $20b Trade “Possible”
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.
World Trade Rebound Is Fragile
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.
President Orders Formation of Committee for Trade with Neighbors
Iranian President Hassan Rouhani ordered the formation of a committee comprising multiple organizations tasked with facilitating and promoting trade with neighboring states.