Iran Chamber Newsroom

Iran’s joining FATF seen as crucial for achieving economic growth goals

Iran must join the Financial Action Task Force (FATF) to achieve the 8% economic growth target outlined in its Seventh Development Plan, according to Payam Bagheri, Vice President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA).

Iran Economy

Iran targets 8,000 MW wind power capacity amid renewable energy push

Iran’s Ministry of Energy has announced plans to increase wind power generation capacity to 8,000 megawatts (MW) as part of a broader strategy to achieve 30,000 MW from renewable energy sources, including solar and wind.

Energy

Businessman says Iran’s food exports are concentrated in three regional markets

Iran’s food exports reached $1.5 billion in the first eight months of the calendar year (March 20 – November 20, 2024), with the majority of this trade concentrated in three neighboring countries of Iraq, Afghanistan, and Pakistan, according to a businessman familiar with the matter.

Trade

Iran Chamber of Commerce president calls for strategic Iran-Turkey cooperation in agriculture, trade

The president of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has emphasized the importance of enhancing bilateral trade between Iran and Turkey, particularly in the agricultural and food industries.

Iran Chamber

Iran’s Expediency Council to form committee to review FATF

Iran’s Expediency Council plans to stablish a special committee to review the country’s stance on the Financial Action Task Force (FATF) after the issue was referred by Supreme Leader Ayatollah Ali Khamenei, at the request of President Masoud Pezeshkian.

Iran Economy

Iran Chamber of Commerce president departs for Ankara for agricultural negotiations

Samad Hassanzadeh, the president of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has left Tehran for the Turkish capital along with Minister of Agriculture Gholamreza Nouri Ghezeljeh, where they are scheduled to discuss agricultural cooperation.

Agriculture and Environment

Iran’s NICICO reports 3-fold rise in Sungun mine copper deposits

Iran’s Sungun copper mine has seen a dramatic three-fold increase in ore deposits, now reported to stand at 2.49 billion metric tons.

Mine and Industry

Iran’s monthly PMI dips sharply due to industrial power cuts

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Azar (November 21 – December 20, 2024), which has registered one of its lowest since the survey began 63 months ago.

Macro Economy

Iran sees 31% growth in transit of goods in nine months

Iran’s foreign transit of goods surged by 31% in the first nine months of the current calendar year (March 20 – December 20, 2024), reaching 16.5 million tons, according to the head of the country’s customs administration.

Transportation

ICCIMA Board of Representatives convenes in Tehran

Board of Representatives of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) convened in Tehran, Iran, on January 5, 2025.

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