Iran Chamber Newsroom

President of Iran-Spain Joint Chamber of Commerce Mohammad Taheri says INSTEX doesn’t include what Iran wants from Europe, that is purchase of Iranian crude, but it should be activated anyway.

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INSTEX lacks what Iran wants but should be used anyway: Iran-Spain Chamber Pres.

President of Iran-Spain Joint Chamber of Commerce Mohammad Taheri says INSTEX doesn’t include what Iran wants from Europe, that is purchase of Iranian crude, but it should be activated anyway.

Video

Iran’s oil sales rising, more petrodollars coming back: CBI

Central Bank of Iran says oil sales are on the rise and that petrodollars are coming back much easier as Iran forays into various avenues to examine how to bypass the US sanctions.

Energy

President Rouhani signs into law FTA with Eurasian Economic Union

The Iranian president has signed into law the free trade agreement with the Eurasian Economic Union (EAEU) after the law was passed by parliament.

Trade

Iran government approves plan to restructure budget under US sanctions

The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.

Macro Economy

Sri Lanka is likely to sign a deal with Iran to sell its famed tea over the next two years in exchange for the settlement of loans obtained for the purchase of oil, Sunday Times reports.

Sri Lanka, Iran discuss future tea trade in wake of sanctions

Trade

Turkmen Ambassador to Iran Ahmed Gurbanov says the upcoming first Caspian Sea littoral states economic forum is supposed to improve the economic cooperation perspectives between the five countries that share Caspian Sea: Iran, Azerbaijan, Turkmenistan, Russia and Kazakhstan.

First Caspian Sea economic forum to develop economic ties between littoral states

Video

The EU’s plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.

EU considering buying Iran oil through INSTEX to keep Tehran in nuclear deal

Money and Capital Markets

Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.

Should Iran private sector invest in failed Pakistan Steel Mills?

Mine and Industry

Emmanuel Bonne, the senior diplomatic aide to French President Emmanuel Macron is expected in Tehran later on Wednesday in a bid to talk about exit ways of the current nuclear dilemma. He many also talk about Europeans efforts to get INSTEX operational.

Macron’s aide may talk about INSTEX in Tehran talks: Iran

Money and Capital Markets

The Scandinavian country says it’s considering options to be one of the European countries that use the payment channel to continue trade with Iran.

India looking to set up Exim Bank branch in Iran

Money and Capital Markets

President of the Iranian private sector parliament says the new Italian envoy to Iran should do more to fortify mutual relationships.

ICCIMA calls for more Italian efforts to boost bilateral trade

Joint Chambers

New Italian Ambassador to Iran Giuseppe Perrone attended the general assembly of Iran-Italy Joint Chamber of Commerce that was held on Sunday at Iran Chamber of Commerce HQ in Tehran.

Iran-Italy Joint Chamber of Commerce General Assembly

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Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.