Iran has exchanged as much as $35.5 billion worth of goods with different world countries in the first four months of the calendar year (March 21 – July 21), according to a recent report by the Islamic Republic of Iran’s Customs Administration (IRICA).
Iranian Foreign Minister Hossein Amirabdollahian explained the outcome of his visit to Pakistan, and said that the two countries are determined to increase the value of their trade exchanges to over five billion euros.
Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari says future of Iran’s economy is tied to promotion of trade with the African continent which he said can lead to increased durable exchanges for Iran.
Iran will not tolerate any violation of its rights in shared fields and the country will pursue its interests in shared Arash gas field, according to Oil Minister Javad Owji.
Tehran has officially started the process of referring the dispute with South Korea over Iran’s blocked funds in Seoul to international arbitration.
The Chief Executive Officer of the Government Trading Corporation (GTC) of Iran says that wheat purchases from domestic farmers in Iran has reached 7.297 million metric tons (mt) since purchases began in late April.
Iran’s Ambassador to Ankara Mohammad Hassan Habibzadeh has termed the northwestern Iranian neighbor Turkiye as the country’s third biggest trade partner, accounting for 24% of Iran’s trade exchanges.
After Iran, Russia and India accepted the accession of Turkmenistan to the International North-South Transport Corridor (INSTC), the country could join the multi-modal transportation project.
Iran’s national currency, the rial, is slowly rallying against the US currency, according to reports from the unofficial exchange market in the capital Tehran.
The potential launch of a gold-backed BRICS currency, which could be supported by 41 large and influential economies, would weaken the dollar-euro domination in the global economy and would benefit countries such as Iran, an Iranian diplomat has said.