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Iran Chamber Newsroom

Europe is steps away from SPV: German envoy

Should it become operational, the Special Purpose Vehicle (SPV) created by the European Union, will not use US dollars in its transactions with Iran and will allow European firms to trade with Iran in the face of unilateral US sanctions.

Trade

President of Turkey’s Union of Chambers of Commerce and Commodity Exchanges visits ICCIMA

Rifat Hisarciklioglu, who presides over all the local chambers of commerce across Turkey as well as its Commodity Exchanges, held talks with Gholam Hossein Shafei, President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Tehran on Saturday. The two sides discussed opening of Razi-Kapikoy border, transit and transport cooperation, Preferential Trade Agreement (PTA) and other issues.

Iran Chamber

Turkey to open Razi-Kapikoy border in ‘two months’

Razi-Kapikoy crossing is the only border with both rail and road facilities between the two countries and its opening will play a very important role in increasing Iran-Turkey bilateral trade.

Iran Chamber

Iran crude steel output jumps over 17%: worldsteel

Iran plans to increase the output to 55 million tons by 2025. The country was the world’s second or third biggest steel importer with 11 million tonnes a year, but the rise means it’s now exporting its crude steel to other countries, especially Iraq and Afghanistan.

Mine and Industry

European SPV could be in place as early as ’Monday’

Brussels had announced in previous occasions that it’s working hard on the non-dollar financial channel and that it would become operational soon. This time it seems that the EU is closer and more exact in its timetable.

Trade

Iran non-oil trade with Americas over $800m in 9 months

Brazil, the US, Canada and Uruguay are the four North and South American countries that have had major commercial dealings with Iran since 21 March, according to the latest data.

Trade

Large ICCIMA delegation visits India to boost trade

Some 40 Iranian private sector businessmen and entrepreneurs, headed by ICCIMA President, Gholam Hossein Shafei, accompanied Foreign Minister, Javad Zarif, to India (8-10 January) in a bid to promote economic ties with the South Asian nation in the face of renewed unilateral US sanctions.

Iran Chamber

Iranain comapnies to register again in Omani Sohar Free Zone

The moves comes after a decision by the ports legal department. The process was interrupted when the US unilaterally walked out the 2015 international treaty on Iran nuclear programme and reimposed economic sanctions on the country.

Joint Chambers

Iran-Pakistan free zone to open “in coming weeks”

The free zone is expected to augment the mutual trade to $5bn.

Trade

Swiss humanitarian payment channel with Iran ‘ready’, awaits capital

Switzerland, 60% of whose exports to Iran are medicine, has been hard at work to allow the creation of a humanitarian payment mechanism that helps the uninterrupted flow of humanitarin goods to Iran in the face of renewed US sanctions.

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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