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Iran Chamber Newsroom

South Korean officials to press for Iran sanctions waiver in United States

Seoul obtained last November a 180-day exemption from US sanctions on buying Iranian energy. The Asian country has been trying to convince the US authoities that Iranian condensates are the best feed stock for its refineries.

Energy

Iran Chamber of Commerce signs MoUs with private Chinese food & drug entities

Iran and China are keen on boosting their bilateral trade as Tehran is looking more towards the East in the wake of US withdrawal from the 2015 nuclear deal. The MoUs are a sign that two Asian countries are moving forward in expanding their relations despite US sanctions.

Iran Chamber

Iran private sector rushes to aid flood survivors

Iran Chamber of Commerce is organising humanitarin aid for thousands of people that have been struck by fierce floods across Iran, that have left nearly a dozen people dead.

Iran Chamber

Iran Chamber of Commerce urges new ideas for economic development to overcome sanctions

The private sector’s parliament says the new Persian Year 1398 should see more fforts and new ideas to move the country faster towards economic development despite US punitive measures that have been trying to cripple Iran’s economy.

Macro Economy

Iranian leader, president call for boosting production, resistance against US sanctions

Leader Ayatollah Khamenei and President Hassan Rouhani both addressed the Iranian nation to mark the begining of the new Iranian year. Both top leaders have called on the citizens to stand together to raise production in a bid to circcumvent US sanctions.

Macro Economy

Iran registers INSTEX mirror company for trade with Europe

The move comes several days when the Central Bank of Iran had announced it would unveils the mechanism soon after INSTEX President Per Fishcer held talks with Iranian stakeholders in Tehran. The channel has been called Instrument for Finance and Trade between Iran and Europe.

Financial Markets

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.

Financial 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.

Financial 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

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.

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