Iranian Foreign Minister Mohammad Javad Zarif said that Tehran is to propose a new plan to Islamabad to make up a joint transportation project with linking Chabahar port to the Pakistani port of Gwadar.
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A senior Iranian economic official announced that his country will launch a special financial channel to return the revenues from exports to Iraq.
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Turkey is the destination for over 50% of Iran’s non-oil exports.
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The Trump administration announced new sanctions on Iran'.s metals sectors. steel. aluminum and copper industries. on Wednesday.
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Iranian and Turkish officials have already reached agreement to set up a joint bank.
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The event will entail the ``2nd Meeting of the ECO Public and Private Sector Energy Petrochemical Consortium Companies.
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Iran signed a cooperation agreement in May 2018 to set up a free trade zone with this union.
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Iran'.s export of products to Iraq in the nine months of current year hit $7.322 billion.
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The European Union is also working on a financial mechanism to ease non-dollar trade with Iran and circumvent US sanctions.
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Tehran is ready to enhance cooperation in the energy sector with New Delhi.
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