Iran Chamber Newsroom

Iran’s Zarif due in Pakistan to stregthen economic, political ties

Iran’s foreign policy chief Mohammad Javad Zarif will travel to the eastern neighbouring country Pakistan as part of his recent Asian tour aimed at boosting Tehran’s relations with its regional allies.

Trade

Iran private sector calls for chain store quotas for Russian, Iranian goods

Iran Chamber of Commerce says the idea is aimed at helping boost the bilateral trade agreement between Tehran and Moscow that has fallen drastically to $1bn after the US withdrawal from the Iran nuclear deal.

Trade

Iran-Turkey Joint Chamber of Commerce urges joint bank to ease banking ties

Such joint bank by the two countries’ private sectors will be aimed at removing the barriers for Iranian and Turkish businessmen and women who have faced banking problems after the US sanctions.

Trade

Spain says it’s ‘studying’ to join European INSTEX to do trade with Iran

Madrid says PM Sánchez is considering plans on how to join the E3 in the financial channel with Iran that has been created to allow humanitarian trade and other items in the future.

Trade

Seoul is in constant talks with Washington to convince that it needs to keep buying Iranian gas condensates or it will face huge costs in modifying its refinery installations.

South Korea to continue US talks to get Iran sanctions waiver: Envoy

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has published overview of Iran and its economic situation in a bid to advertise the country’s investment potentials.

Iran Overview 2019 [infographic]

Macro Economy

Tehran and the East European country are seeking to remove financial barriers, devise their own banking cooperation in a bid to develop their cooperation in various sectors, such as mining, energy and rail transport sectors.

Iran, Czech Republic agree to expand economic cooperation

Mine and Industry

The Iranian automaker says the initiative is part of its plans to reduce the effect of unilateral US sanctions that have disrupted production lines. It will also help boost production, the group says.

SAIPA launches car parts domestic production initiative to fend off sanctions

Mine and Industry

The council will have three lawmakers supervising its functionality and will try to keep it within the realms of current rules and regulations. The move is significant as it demonstrates the government’s will to move in line with international norms.

Parliament elects observer MPs in anti-money laundering council

Money and Capital Markets

The main exported items were carpets, rugs, tissue paper as well as packaging materials. Iranian companies found their export destinations despite unilateral US sanctions that have caused huge problems for funds transfer.

Iran textile exports up 6% in value in 2018: Official

Mine and Industry

The country has embarked on a path to boost its knowledge-based companies in a bid to diversify its revenues and reduce its dependence on oil. Such companies have had a significant role in meeting the medical sector’s internal needs.

‘98% of Iran’s pharmaceuticals produced domestically’

Macro Economy

Czech-Slovak-Iranian Chamber of Commerce Chairman Jan Kavan has harshly criticised the US for using its monopoly to stifle commercial exchanges with Iran, saying his country can’t wait more for INSTEX to become operational.

Video

Czech Republic planning another trade system with Iran to skirt US sanctions

Video

India, Japan and China are Iran’s three biggest oil clients that have stopped their purchases after Trump Administration didn’t renew sanctions waivers. Iranian Foreign Minister Mohammad Javad Zarif has finished his Asian tour to rally these countries’ support behind Tehran at a time of heightened tensions with the US.

Iran’s FM Zarif tours Asia to rally support for Tehran against US pressures

Trade

The US government slapped sanctions on Iranian metals and some mining industry as part of its campaign to cut Iran’s non-oil revenues. But, this S&P Global Platts factobox shows such measures will have very marginal impact on the country’s sectors.

Factbox: Little global impact expected from US sanctions on Iranian metals sectors

Mine and Industry

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.