Iran’s Foreign Economic Relations Coordination Committee has held its third meeting to assess the latest status of bilateral economic projects with neighboring countries such as Azerbaijan, Armenia, Uzbekistan, and Turkmenistan.
The value of Iran’s foreign trade (total imports and exports) registered a 47.63 percent hike in the first month of the current Iranian calendar year (March 19 to April 22, 2024), based on the data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran and the United Arab Emirates (UAE) signed a memorandum of understanding (MOU) for expanding economic cooperation in a variety of areas at the end of the two countries’ 3rd Joint Economic Committee meeting.
Iran’s Economy Minister Ehsan Khandouzi said he has held favorable talks with his Saudi Arabian counterpart during his visit to the Arab country.
Iran exported more than 210,000 tons of fishery products worth $650 million to 67 different countries in the previous Iranian calendar year (ended on March 19), according to the head of Iran’s Fishery Organization (IFO).
An official at the agricultural organization of Mazandaran province said that 125,700 tons of the kiwi and citrus fruits have been exported from this northern province of Iran since the current Iranian calendar year started (March 20, 2024).
The head of Iran’s Trade Promotion Organization (TPO) said the country has established a SWIFT-like financial system to do business with several countries in national currencies.
ran’s Consul General in Jeddah Hassan Zarnegar has met with the president of the Chamber of Commerce of Mecca, Saleh Abdullah Kamel, with the two sides calling for increased trade and economic cooperation between Iran and Saudi Arabia.
Iran and Cuba have agreed to establish a twinning relationship between two major ports in each countries to facilitate shipping and trade.
Directing liquidity towards the oil industry’s downstream activities not only leads to self-sufficiency but also creates jobs along with profitability to benefit people.