Finance Minister Ehsan Khandouzi has praised the recent agreement between Iran and Saudi Arabia to restore diplomatic ties, saying the detente will boost bilateral trade and investment.

Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Salahvarzi in meeting with Ambassador of Hungary to Tehran Mr. Zoltan Varga Haszonits  welcomed bilateral talks and emphasized these talks should be focused, presuming the sanctions will remain, on finding new ways for financial and trade exchanges like barter and using crypto currencies.

The CEO of Iran Social Security Investment Company (SSIC), also known by its Persian acronym SHASTA, announced a 50 billion dollar trade in the country's petrochemical industry in the last five years.

A member of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) says recent developments and tensions between Azerbaijan and Iran has not created any hurdle in trade with Azerbaijan yet.

During a meeting between Head of the Islamic Republic of Iran Customs Administration (IRICA) Mohammad Rezvani-Far and Minister in Charge of Customs Cooperation of the Eurasian Economic Commission Eldar Alisherov in Tehran on Saturday, the two sides explored the ways for increasing customs cooperation to boost the bilateral trade.

Vice-Minister of Trade and Integration of Kazakhstan says his country is determined to broaden its economic cooperation with Iran and reiterated Astana is determined to increase the current trade volume to the $3b target which has been set by the presidents of both countries.

Bulgaria Embassy’s Counsellor on Economic Affairs Stoil Zlatarski in meeting with the caretaker of the international affairs of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Ms. Niloofar Asadi explored ways for broadening trade between the two states and reiterated that signing agreement on rail cooperation can be a solution for bilateral trade.

Reducing the influence of the dollar in regional and international economic exchanges will minimize the dominance of the West over the world economy, the secretary of Iran’s Supreme National Security Council said.

The Statistical Department of Turkey in its latest report announced that the value of trade exchanged with the Islamic Republic of Iran in the first two months of the current year (January-February) has reached $921 million.

Minister of Agriculture Jihad Seyed Javad Sadatinejad in the meeting with the visiting President of Republic of Bashkortostan of Russia Mr. Radiy Khabirov said that both sides can increase their trade to $400m in the first step.