TEHRAN- Iranian businessmen are exploring expansion of trade and exports opportunities in Philippines, Malaya Business Insight reported on Monday. Oil, fertilizer, coal, and cement are the fields of interest. The governments of Iran and the Philippines are exploring the possibility of sourcing crude oil from the former which would be refined in a third country […]

TEHRAN  – Head of Iran-Russia Joint Chamber of Commerce called for close economic interaction among all Caspian states, saying trade exchange should not be confined to three neighbors alone. Asadollah Asgaroladi urged on Sunday that Kazakhstan and Turkmenistan join the trade interaction among Iran, Russia and Azerbaijan. He said he has made a suggestion to […]

TEHRAN- The value of Iran’s non-oil trade with foreign partners reached $52.527 billion during the first seven months of the current Iranian calendar year (March 21- October 22), up $3.59 billion or 6.2 percent from the same period last year, Tasnim reported on Tuesday. The country’s foreign trade stood at $49.468 billion during the last […]

TEHRAN – Iran and Afghanistan signed a memorandum of understanding (MoU) on Saturday to expand their bilateral trade cooperation. The document was signed in Washington between Iranian Minister of Economic Affairs and Finance Massoud Karbasian and Afghanistan’s Finance Minister Eklil Ahmad Hakimi. Mohammad Khazaei, the head of the Organization for Investment, Economic and Technical Assistance of […]

TEHRAN – Mohammad-Hossein Adeli, the secretary general of the Gas Exporting Countries Forum (GECF), has said that Iran and Turkey’s decision to trade in national currency is technically feasible particularly for bilateral energy trade. Iran and Turkey have decided to use their national currencies in their economic transactions particularly in energy trades. In an exclusive […]

TEHRAN- Iran’s non-oil trade during the first half of the current Iranian calendar year (March 21-September 22) hit $44.139 billion, a six percent rise from $41.674 billion in the same time span of the past year, Tasnim reported citing Islamic Republic of Iran Customs Administration (IRICA). According to the latest report published by IRICA, Iran’s […]

TEHRAN – Iranian President Hassan Rouhani reiterated his administration’s policy to promote relations with European countries and said the Islamic Republic is ready to deepen ties with Britain in all spheres, economy in particular. Speaking at a meeting with British Prime Minister Theresa May in New York on Wednesday, Rouhani described facilitating banking cooperation as […]

TEHRAN – Iran’s VP for Economic Affairs Mohammad Nahavandian has called for boosting trade transactions with Pakistan to reach the goal of 5 billion euros.   During a meeting with Pakistani Foreign Minister Khawaja Muhammad Asif on Monday in Tehran, Iranian Vice-President for Economic Affairs called for expediting trade negotiations between the two countries and removing obstacles […]

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj said the Islamic Republic is prepared to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan, and Oman. Speaking at a meeting of a working group on the development of non-oil exports of the southeastern province of Sistan and Balouchestan, […]