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Iran trade

  • EghtesadOnline: Iran traded 4.62 million tons of non-oil commodities worth $1.71 billion with BRICS nations during the first Iranian month (March 21-April 20), registering a 48.02% rise in tonnage and 11.15% decline in value compared with last year’s same month.

  • EghtesadOnline: The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions.

  • EghtesadOnline: Germany’s plastics and rubber machinery trade association, VDMA, has highlighted the importance of Iranian market ahead of the Iranplast trade show to be held in Tehran on Sept. 24-27.

  • EghtesadOnline: New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.

  • EghtesadOnline: Russian companies working in Iran have an advantage over European rivals, as they are already under US sanctions and have nothing to lose, TeleTrade’s chief analyst said.

  • EghtesadOnline: The government is assessing the effect of unified exchange rates on the country’s exports and imports to find the best strategy for foreign trade, the head of Trade Promotion Organization of Iran told top exporters.

  • EghtesadOnline: Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.

  • EghtesadOnline: Iran’s non-oil trade balance turned positive in the 30 days to Feb. 19, which marks the end of the Iranian month of Bahman, given the monthly exports of $6.07 billion and imports of $4.85 billion, the Islamic Republic of Iran Customs Administration reported.

  • EghtesadOnline: Iran had a 0.34% share in global trade in the last fiscal (March 2016-17), Tehran Chamber of Commerce, Industries, Mines and Agriculture cited World Trade Organization’s statistics as reporting.

  • EghtesadOnline: Iran’s non-oil foreign trade during the first eight months of the current fiscal year (started March 21) stood at $60.9 billion, indicating an 8% rise compared with last year’s corresponding period.