Iran Chamber Newsroom

China, Iraq maintain top positions as Iran non-oil export markets in 11 months

Although bilateral trade between Iran and China have seen a sharp dip, the Asian power is still the first destination of Iranian non-oil exports which, according to latest reports, are petroleum-based products are petrochemicals.

Trade

Iran, Nicaragua to explore alternative financial channels to boost trade

The two countries kicked off bilateral trade ties officially back in when Foreign Minister Mohammad Javad Zarif disccussed political and economic relations with the Central American country. However, mutual trade isn’t very significant especially after the US sanctions.

Money and Capital Markets

Iran, Bangladesh seek special payment channel to skirt dollar transactions

The South East Asian country is the world’s larges exporter of kenaf, widely used in global textile industry. However, the product’s exports to Iran have seen a sharp fall since the US reimposed sanctions on Iran last November. Two countries are looking to circumvent dollar in their financial dealings.

Money and Capital Markets

European states want to join INSTEX: Belgian official

Belgium is one of those European countries that has expressed interest in using the recently-created financial channel to do business with Iran.

Trade

The four new phases at the Iranian side of the largest world gas reserve will hugely increase Iran’s gas production, exceeding that of Qatar.

Iran opens four new phases in South Pars gas field, exceeds Qatar’s production

Energy

Renault could get back to business in Iran in 2020 should democrats win presidential elections and re-enter the US into the 2015 nuclear deal and remove sanctions. However, it’s hard to predict how the new US political scene will unfold next year.

French Renault could come back to Iran ’in future’

Trade

The Iranian carmaker has restarted its production in the Arab country as Damascus is looking to stand on its feet again following years of a devastating war. The resumption is part of Iran’s economic activities as Syria opens new chapter.

Iranian carmaker SIAPA restarts production line in Syria

Trade

The announcement comes after a visit to Iran by INSTEX president Per Fischer to work out details of the payment channel. Negotiations have been going on in various levels so that the channel starts work soon.

Iran to register INSTEX mirror company soon, calls it STFI

Money and Capital Markets

The ban follows decisions by dozens of world countries to either ground the aircraft or close their airspace. The two last fatal crashes, involving this model, took place soon after takeoff.

Iran closes airspace to Boeing Max 737

Transportation

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

Video

New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Video

New Delhi says it knew that US President Donald Trump Administration would withdraw from the nuclear deal and reimpose sanctions. So, it started to put in place a Special Purpose Vehicle (SPV) to make sure its trade ties with Iran are secured.

Indian SPV with Iran running since 6 months ago: Envoy

Trade

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran in a bid to iron out the details of the financial scheme.

INSTEX president in Iran to work out details

Trade

The proposal comes as a large number of Iranian businessmen and women have traveled to Iraq in a bid to explore business and investment opportunities in the western neighbour. The two countries are eyeing $20bn trade volume per year.

Iran private sector calls for special Iran, Iraq desks to boost trade

Trade

Head of the Iraqi government says there are good opportunities for Iranian private sector investors to develop infrastructure and industrial projects. The remark came on day one of Iranian president Rouhani visit to the neighbouring country.

Baghdad invites Iranian private sector to invest in infrastructure, industry

Trade

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.

Iran Chamber of Commerce,Industries, Mines and Agriculture

Jorge Cachinero

Ali Chegeni

Video

Iran-India joint business forum

Iran Chamber of Commerce, Industries, Mines and Agriculture