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Iran Chamber of Commerce urges government, central bank to ease trade and production rules

The President of Iran Chamber of Commerce, Industries, Mines, and Agriculture has called on President Masoud Pezeshkian to ensure that government bodies, particularly the Central Bank, adopt a more facilitative approach toward production, trade, and foreign currency earnings from exports.

Trade

Iran exports $189m in non-oil goods to Turkey in one month

Iran exported non-oil commodities valued at $189 million to Turkey in the first Iranian calendar month of Farvardin (March 21-April 21), according to data from the Islamic Republic of Iran Customs Administration (IRICA).

Iran Chamber

“Iran-Russia economic ties enter new phase amid push for trade expansion”

Iran and Russia have entered a new phase in their economic relations, reflecting the determination of both governments and private sectors to expand cooperation, the president of Iran Chamber of Commerce, Industries, Mines, and Agriculture said during a meeting in Moscow on Monday.

Iran Economy

CBI says over $6.5 billion allocated for imports since March

Iran’s central bank announced that more than $6.5 billion in foreign currency has been allocated to import goods and services since the beginning of the current Iranian year (starting March 20), as total commercial forex market transactions surpassed $3.9 billion.

Iran Economy

Iran Chamber of Commerce urges approval of CFT to facilitate exit from FATF blacklist

The President of Iran Chamber of Commerce, Industries, Mines, and Agriculture on Sunday called on the Expediency Council to approve the Combating the Financing of Terrorism (CFT) bill, saying the move would pave the way for Iran’s full removal from the Financial Action Task Force (FATF) blacklist.

Trade

Iran, Eurasian Economic Union eliminate tariffs on 87% of traded goods

Iran and the Eurasian Economic Union (EAEU) have eliminated tariffs on 87% of goods traded between them under a new free trade agreement that came into effect this week, a government official said.

Iran Economy

Expediency Council approves Palermo bill with conditions

Iran’s move to approve Palermo bill is in line with its effort to be removed from the FATF blacklist as the country seeks to eliminate barriers to foreign trade.

Trade

Iran’s last year exports to Kazakhstan rise 27% – Customs Data

Iran’s exports to Kazakhstan rose by 27% in the Iranian calendar year to March 20, reflecting deepening trade ties between the two countries, the Iranian embassy in Astana said on Tuesday, citing data from the Islamic Republic of Iran Customs Administration (IRICA).

Financial Markets

Iran, Russia unveil second phase of connecting payment systems

The second phase of connecting Iran’s Shetab banking system and Russia’s Mir payment network was unveiled in a ceremony attended by senior central bank officials from both countries.

Financial Markets

Removal of four zeros from national currency on agenda

The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.

Iran Chamber

Iran, Uzbekistan eye $1 billion trade goal, call for visa-free travel and deeper economic ties

Iran and Uzbekistan have pledged to boost bilateral trade to $1 billion, with senior officials from both countries calling for cancellation of visa requirements and enhanced investment ties during a high-level business forum.

Iran Economy

Taxes fund 70% of government’s current expenditure

President Masoud Pezeshkian’s government prioritized strengthening fiscal sustainability through increased tax mobilization, with new data revealing that 70% of the state’s current expenditure was funded by tax revenues last year (began on March 20, 2024).

Macro Economy

Iran’s PMI registers fifth monthly drop in a row

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Farvardin (March 21 – April 20, 2025) posting a fifth drop in a row.

Agriculture and Environment

Iran’s annual saffron export stands at $184.7 million

Iran exported 214,300 tons of saffron worth $184.7 million in the past Iranian calendar year to March 20, according to an official with the Islamic Republic of Iran Customs Administration (IRICA).

Energy

Iran announces rise in gasoline output to 120 million liters a day

Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country’s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday.

Iran Economy

Iran spends more than $4.5 billion on subsidized imports in 45 days

Figures by the Central Bank of Iran (CBI) show the lender has allocated more than $4.5 billion in subsidized currency to imports of goods and equipment into the country since the start of the calendar year on March 21.

Photo Gallery

Swedish ambassador visits Iran Chamber of Commerce

Mathias Otterstedt, Sweden’s ambassador to Iran, visited Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) where he met ICCIMA President Samad Hassanzadeh on May 4, 2025.

Iran Chamber

Iran invites Sweden to revive auto and energy investment amid optimism over sanctions talks

Iran has invited Sweden to restart joint investment projects in the country’s automotive and electricity sectors, signaling readiness to expand economic ties as hopes grow for progress in nuclear negotiations with the US and potential sanctions relief.

Iran Chamber

Tehran and Tashkent push to double trade volume, eye $1 billion target

Iran and Uzbekistan are intensifying efforts to expand bilateral trade, with Iranian officials calling for the swift conclusion of a preferential trade agreement and greater economic integration between the two countries.

Joint Chambers

Iran’s share of Syrian import market insignificant amid transit route hurdles – Report

Iran holds a 10% share of Syria’s import market, significantly trailing regional competitors such as Turkey, China, and Russia, according to a recent report by the Iran-Syria Joint Chamber of Commerce. The report highlights persistent challenges facing Iranian exporters, particularly limited access to regional transit routes.

Iran Chamber

Iran explores private sector cooperation with Afghanistan, Oman at Iran Expo 2025

Vice presidents of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) held separate meetings with business delegations from Afghanistan and Oman on the second day of Iran Expo 2025, aiming to enhance private sector cooperation between the countries.

Iran Chamber

Iran, Romania urge stronger trade ties amid calls for $1 billion bilateral target

Senior business leaders from Iran and Romania called for greater efforts to enhance bilateral trade relations during a joint meeting, citing untapped potential and a need for structured long-term cooperation.

Photo Gallery

Iran, Afghanistan hold business forum in Tehran

An Iran-Afghanistan Business Forum was held in Tehran on April 28, 2025. The forum was participated by Afghanistan’s delegation of business operators to the 7th Exports Potential Exhibition of the Islamic Republic of Iran (Iran Expo 2025).

Photo Gallery

Iran, Azerbaijan hold business forum in Baku

An Iran-Azerbaijan Business Forum was held in Baku on April 28, 2025. The forum was part of a visit to Azerbaijan by a 120-member Iranian trade delegation, coinciding with the official trip of Iranian President, Masoud Pezeshkian.

Iran Economy

President Pezeshkian says regional trade and investment key to security

Iranian President Masoud Pezeshkian said on Monday that trade and investment among neighboring countries can help foster regional security and stability, as he addressed a joint business forum in Baku alongside Azerbaijani President Ilham Aliyev.

Iran Chamber

Iran eyes multi-billion-dollar trade with Azerbaijan: Chamber of Commerce president

Iran aims to significantly boost trade with neighboring Azerbaijan in the coming years, building on a 2024 trade volume of around $900 million, the president of Iran Chamber of Commerce, Industries, Mines and Agriculture said at a bilateral business forum attended by the presidents of both countries.

Iran Chamber

Iran Chamber of Commerce expresses sympathy, offers support after Shahid Rajaee Port explosion

The president and board of directors of the Iran Chamber of Commerce, Industries, Mines, and Agriculture expressed condolences to the Iranian nation and the people of Hormuzgan province following a deadly explosion at Shahid Rajaee Port, one of the country’s key economic hubs.

Iran Economy

Iran to host 14 business forums alongside Iran Expo 2025

Iran will host 14 business forums with delegations and private sector representatives from various countries on the sidelines of the 7th Exports Potential Exhibition of the Islamic Republic of Iran (Iran Expo 2025).

Iran Economy

Iran open to foreign investment, says President Pezeshkian

Iranian President Masoud Pezeshkian said on Monday that Iran welcomes foreign investors and international traders, describing the country as a suitable platform for business and investment.

Iran Chamber

Iran Chamber of Commerce president leads trade delegation to Azerbaijan

A high-level Iranian business delegation, led by Samad Hassanzadeh, President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) departs Tehran for Baku on a three-day visit to Azerbaijan, coinciding with the official trip of Iranian President, Masoud Pezeshkian.

Iran Economy

Iran ready to expand all-out ties with Africa: Pezeshkian

President Masoud Pezeshkian has announced Iran’s readiness to expand comprehensive cooperation with African nations, offering to share its advancements in healthcare, trade, industry, agriculture, security, and peace.

Mine and Industry

Iran’s steel output hits 3.3 million mt in March: Worldsteel

Iran ramped up its steel output in March to become the world’s seventh largest producer, according to figures released by the World Steel Association (worldsteel).

Video

Thai ambassador calls for cooperation with Iran on tourism and pharmaceuticals

In an exclusive interview with Iran Chamber of Commerce newsroom on Tuesday, Thailand’s Ambassador to Iran Pichit Boonsud highlighted Iran’s potentials in pharmaceuticals and medical equipment while noting that his country has also been active in tourism which could be seen as major areas for cooperation.

Trade

Russian minister puts Iran-Russia trade at $4.8 billion

Russia’s Energy Minister Sergei Tsivilev says the country’s annual trade with Iran has experienced a 16.2% surge to hit $4.8 billion in 2024.

Iran Chamber

Iran, Uzbekistan seek to deepen trade ties as business delegation visits Tehran

The Iran Chamber of Commerce, Industries, Mines, and Agriculture hosted a high-level business delegation from Uzbekistan on Wednesday, led by Davron Vakhabov, president of the country’s Chamber of Commerce and Industry, as both nations seek to expand economic cooperation.

Macro Economy

Official report puts Iran’s annual inflation at 33.2%

The Iranian government’s statistics agency has reported a slight increase in the country’s annual inflation rate in April.

Agriculture and Environment

Pistachio exports rose by 40% in second half of 2024

The deputy head of the board of trustees of Iran Pistachio Association has announced a significant increase in pistachio exports in the second half of last year.

Iran Chamber

Iran, Thailand seek joint financial mechanisms to boost trade ties

Iran and Thailand need to establish joint financial mechanisms to facilitate trade and investment, the president of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) said on Tuesday.

Iran Economy

Iran greenlights $7 billion in foreign investment

In a meeting held by the Organization for Investment, Economic, and Technical Assistance of Iran, foreign investments totaling $7 billion were approved across various sectors.

Iran Economy

30 foreign chamber heads to attend Iran Expo 2025

Head of the Iran Expo Headquarters at the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), emphasized the importance of the upcoming Iran Expo 2025 during a press conference on Sunday, confirming that more than 30 presidents of foreign chambers of commerce are set to attend the event.