The total value of trade exchanges between Iran and Turkey in the first nine months of the current Iranian calendar year (started March 21, 2023) topped $8.5 billion.
Iranian and Russian exporters can do transactions in national currencies after the two countries merged their financial message transfer systems, allowing banks to make direct payments without using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system.
The head of the Trade Promotion Organization of Iran (TPOI) said eighty percent of Iranian products are exported to five countries, namely China, Iraq, Turkey, the United Arab Emirates (UAE) and India.
A member of the Board of Executive Directors of the National Development Fund of Iran (NDFI) said the country has plans to set up joint investment funds with the Russian Federation, Oman and Saudi Arabia.
The Iranian minister of roads and urban development expressed the country’s readiness to compile and finalize a comprehensive document on transportation and transit with neighboring Turkey.
The China Customs announced that the trade exchanges between Iran and China stood at more than $13 billion from January to November 2023.
The Turkish Statistical Institute (TURKSTAT) put the total value of the trade exchanges between Iran and Turkey in the first 11 months of 2023 at $5 billion.
A new vehicular bridge that connects Astara in northwestern Iran to the city of the same name in southeast of the Republic of Azerbaijan was brought into operation at the common border on Saturday.
The UN Food and Agriculture Organization (FAO) in its latest report said Iran was among the top 10 countries in the world in terms of exporting 11 agricultural products.
The World Bank (WB) said that the national per capita income of Iranians registered a three percent growth in 2022, adding that Iran ranked 61st among 123 countries in the world in this respect.