Iran private sector eyes $3b in annual trade with Syria

Iran’s private sector businesses can export foodstuffs and construction materials to Syria as well as offer technical services in rebuilding the war-torn country, Iran Chamber of Commerce president says.

Iran businesses eye major trade boost in Syria visit

More than a dozen business owners are looking to increase their ties with Syrian companies at a time when Damascus is eager to reconstruct, showing "open doors" for Iranian investment.

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Iran, Turkey support non-dollar bilateral trade: TOBB president

Rifat Hisarciklioglu, president of the Union of Chambers of Commerce and Commodity Exchanges of Turkey (TOBB), who met with Gholam Hossein Shafei, president of Iran Chamber of Commerce on Saturday, says both Iran and Turkey are willing to trade using their national currencies.

Iran calls on Afghan businesses to invest in Chabahar

Shaheed Beheshti Port in Iran’s south-eastern Chabahar Port and Free Zone, partly developed by India, is an important access to free waters for both Iran and landlocked Afghanistan as well as New Delhi that wants to bypass Pakistan.

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.

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.

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 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.

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.

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.