Iran and Armenia have signed a barter trade deal after opening a large Iranian trade center in the Armenian capital Yerevan.
Iran’s imports of cooking oil and oil seeds reached some $4.329 billion in the calendar year to late March, according to a report which shows that the country has a long way to go to become self-sufficient in production of those commodities.
Iran is seeking to set up independent payment systems with Muslim countries to avoid sanctions that hamper regional and international trade.
Iran’s customs office (IRICA) says its revenues rose significantly in the first half of the calendar year that started in late March.
A senior official in Iran’s transportation ministry says the country is building some 2,800 kilometers of new railways.
Iran’s largest petrochemical company the PGPIC aims to increase its annual output by more than 15% this calendar year despite the continued pressure of US sanctions on the country’s petroleum industry.
Figures released by the Iranian National Tax Administration (INTA) show that the country earned more than $6.88 billion in tax revenues in the five months to August 21.
Iran has reported a major increase in exports to Iraq as authorities hope trade with the neighboring country could experience a record in the calendar year to March.
Iran is planning to speed up Janja copper mining project in its southeastern Sistan area, near the border with Afghanistan.
Iran’s trade with 15 neighboring countries, including with states it shares maritime borders, rose by 16% in the five calendar months to late August.