Several European companies and banks have expressed their readiness to join the European financial channel with Iran, INSTEX, in a bid to help operationalize the system, said new INSTEX president on Tuesday.
The ranking does not take into account the export of machine-made carpets, otherwise Iran would be the world’s fifth biggest exporter of textile floorings
German fruit and beverages company Dohler has invested up to 20m euros in the northwestern Iranian province to produce fruit concentrate to both meet the internal demand and export to neighbouring countries.
The decision to create a separate banking messaging channel comes after the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, announced in November that it would sever ties with individual Iran-based banks for the sake of the "global stability of the system".
Asghar Ghandchi was one of the first entrepreneurs that started to revolutionise Iran’s industrial sector by assembling and manufacturing big lorries, later Mack Trucks, that were built to suit the Iranian climate and bad roads in the 70s.
25 August 2019