foreign trade

Steep decline in Chinese machinery exports to Iran could jeopardize nuclear deal: report

Data from Chinese General Customs Administration show that China-Iran trade has fallen dramatically in the two months following the reimposition of US secondary sanctions. Chinese exports to Iran have collapsed from about $1.2 billion in October 2018 to just $400 million in December 2018—a fall of nearly 70%.

Trade

ICCIMA, Confederation of Indian Industry pledge further economic cooperation

The Memorandum of Understanding paves the way to boost Iran-India trade relations as Tehrna is looking more eastward following the US withdrawal from the 2015 international nuclear deal and restoration of economic sanctions.

Trade

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Trade

Iran private sector eyeballs trade boost in India visit

Iranian oil for India is still crucial as is New Delhi investment in Chabahar Port that adds a further leverage to the countrys regional influence, linking it to Central Asia and Europe. These are will top Iran FM Zarifs agenda in India visit where he is accompanies by a large business delegation.

Trade

Iran private sector gauges damaged Syria infrastructure investment

Days after Syrian Economy and Foreign Trade Minister, Mohammad Samer al-Khalil, held high-level talks with Iranian public and private sectors to boost Tehran investment in post-war country, an Iranian private sector delegation is in Syria to evaluate business.

Trade

Video

Syrian minister calls on Iranian firms to invest in rebuilding country

Economy and Foreign Trade Minister of Syria, Mohammed Samer al-Khalil, says there are huge opportunities for Iranian companies to rebuild the war-torn country. Damascus priority is to reconstruct the destroyed infrastructure.

Video

With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

Trade

Iran hits trade surplus of $738m

A latest report by Iran’s Customs Administration shows how a drop in imports helped increase the country’s trade surplus in a 9-month period (April-December).

Trade

Syria economy minister says “doors open” to Iranian firms

With government forces taking back large swathes of Syria from terrorists, Iran, that shore up the government in Damascus during the seven years of war, is keen to enter the country’s multibillion-dollar reconstruction market.

Iran Chamber

Iran’s Golestan province exports hit $200m in 9 months

The province is located on the southern shores of the Caspean Sea and shares border with Turkmenistan, one of the main markets for the Iranian goods.

Trade