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Iran Chamber Newsroom

INSTEX President Per Fischer in Iran for talks on Iran-Europe trade

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran for a second time in a bid to iron out the details of the financial mechanism.

Financial Markets

Iranian parliament passes FTA with Eurasian Economic Union

The Iranian lawmakers have voted in favour of the bill that allows Tehran’s entrance into a Free Trade Zone (FTZ) with the five-member council, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.

Trade

Iranian parliamentary delegation asks Finland to join INSTEX

Parvaneh Mafi, a lawmaker from the Iranian capital Tehran, has held high-level talks with Finnish officials on a wide range of issues, especially economic. She says Helsinki should be a shareholder in INSTEX.

Trade

Iran sells 1,085,000 barrels of oil on IRENEX since last November

Light and heavy crude have been the only oil Iran has been able to sell on the exchange market since last November.

Energy

Indian rice, soya exporters to Iran call for payment guidelines as contracts shrink

Indian companies, engaged in exporting rice and soyabean meals to Iran are requesting that Indian government come up with special guidelines about how to clear payments from Iran.

Trade

Iran-Eurasia Economic Union FTA expected to enter into force this summer: Armenia

A Free Trade Agreement between Iran and the five member states of the Eurasian Economic Union, that is Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, will allow Tehran to engage in trade exchanges with Central Asia and the Caucasus.

Trade

US sanctions on Iran petrochemical sector mere propaganda: Analysts

Analysts and officials say such punitive measures are no concern for Iran, because clients of the Iranian petrochemical companies won’t abide by the sanctions.

Energy

Iraq has no alternative for Iranian energy imports: Minister

The Iraqi minister of energy says he is optimistic his country will get second US sanctions waivers as Baghdad has no other alternative sources to replace the Iranian gas and electricity.

Energy

Russia, Netherlands eager to join Europe’s INSTEX

High-level Russian and Dutch officials have said that their countries are very keen on maintaining trade with Iran through the INSTEX mechanism.

Trade

Iran’s Bank Mellat to sue UK Treasury for 2009 sanctions

The Iranian private lender Bank Mellat will take the UK former chancellor Alistair Darling to the court to claim damages inflicted on the bank due to the sanctions it imposed on it in 2009.

Financial Markets

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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