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foreign trade

Iran, Turkey fully activate Bazargan border for trade

After three months of closure of the key border crossing of Bazargan in the northwest of Iran over COVID-19 pandemic, Iran and Turkey reopened the gate for trade exchanges. 150 Iranian trucks and 36 Turkish trucks have passed through the border on the first day of the reopening.

Trade

Iran trade deficit at $1.5bn in 11 months to February

Iran’s trade balance has slipped into a deficit of $1.5 billion in the 11-month period ending late February as imports surge by more than two percent.

Trade

Companies leaving Iran, not in future trade priority: Deputy FM

Iran’s Deputy Foreign Minister has said that foreign companies complying with US sanctions against the country will "not be placed in priority" in regards to the future of the Iranian economy.

Trade

ICCIMA to set up five trade offices across world

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) President Gholam Hossein Shafei said on Wednesday that the entity is ready to establish five national trade offices in five countries to introduce Iranian goods.

Iran Chamber

US exports to Iran soar to 10-year high in 2018 despite own sanctions

The increase in US exports to Iran happens while Washington has imposed two rounds of punitive measures on Tehran and it continues to press Europe to avoid trade with Iran.

Trade

Sierra Leone invites Iranian private sector to invest in healthcare

Bilateral trade relations between Iran and the West African country are very unsubstantial, standing at less than one million dollars per year. Now, its envoy to Tehran is trying to woo Iranian investment.

Trade

Steep decline in Chinese machinery exports to Iran could jeopardize nuclear deal: report

Data from Chinese General Customs Administration show that China-Iran trade has fallen dramatically in the two months following the reimposition of US secondary sanctions. Chinese exports to Iran have collapsed from about $1.2 billion in October 2018 to just $400 million in December 2018—a fall of nearly 70%.

Trade

ICCIMA, Confederation of Indian Industry pledge further economic cooperation

The Memorandum of Understanding paves the way to boost Iran-India trade relations as Tehrna is looking more eastward following the US withdrawal from the 2015 international nuclear deal and restoration of economic sanctions.

Trade

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Trade

Iran private sector eyeballs trade boost in India visit

Iranian oil for India is still crucial as is New Delhi investment in Chabahar Port that adds a further leverage to the countrys regional influence, linking it to Central Asia and Europe. These are will top Iran FM Zarifs agenda in India visit where he is accompanies by a large business delegation.

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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