Tag Archives: Chamber of Commerce

CEO of Iran’s Special Trade and Finance Instrument (STFI). Iranian counterpart to INSTEX. announced on Monday that a European bank has been appointed for carrying out financial transactions of INSTEX. while the second bank is to be selected. soon.

The volume of trade between Iran and Slovakia has witnessed a significant increase this year. totally unaffected by the US unilateral sanctions against Tehran. Chairman of the Iran-Slovakia Joint Trade Committee Jabbar Kianipour said.

Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.

Iran has exported some $3.9 billion worth of goods and services to neighboring Iraq in the first five months of the current Iranian year which started on March 21. which marks a 13% increase. an official said.

A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel. called INSTEX. which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades. the new INSTEX president said.

Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies. in a bid to evade US sanctions against Tehran.

Turkish companies are more inclined to invest in Iran than any other foreign companies.

Iraq and Afghanistan are among the most important trade partners of Iran and targeting their markets stands among the priorities of Iran in making its trade decisions. Chairman of Iran Export Confederation Mohammad Lahouti said.

TCCIMA showed that country’s export of non-oil commodities in the last month of the current Iranian calendar year hit $3.2 billion. registering a 3.2 percent hike as compared to a month earlier.

More than 728.000 tons of non-oil commodities have been exported from the central Iranian province of Markazi in the first 5 months of the current local calendar year. which shows a 14% rise in comparison with corresponding period in last year.