Iran considering tea trade with Sri Lanka in return for oil duesIran is expected to sign a deal with Sri Lanka to receive the country’s famed tea over the next two years in exchange for the settlement of loans obtained for the purchase of oil, Sunday Times reported.
Iran exports €25m of pistachio to EU countries in 4 monthsAccording to the data released by European Union’s statistics agency Eurostat, the union’s member states have imported €25.4 million of pistachio from Iran during the first four months of 2019.
EU considering buying Iran oil through INSTEX to keep Tehran in nuclear dealThe EU’s plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.
Iran eyes self-sufficiency in cotton production by 2025 Efforts are underway to reduce reliance on the imports of cotton and finally reach self-sufficiency in its production by 2025, an official affiliated with Iran’s Ministry of Agriculture said on Saturday.
Iran's Barley Imports at $600m Last YearIran imported barley worth $603 million from 23 countries in the last Iranian year (March 2018-19), data released by the Islamic Republic of Iran Customs Administration show.
Iran’s quarterly non-oil exports at $11.5bIran exported $11.5 billion of non-oil commodities during spring, which corresponds to the first quarter of the Iranian calendar year (March 21-June 21), head of Trade Promotion Organization (TPO) announced on Sunday.
Iran sets target of $4b in food, pharmaceutical exportsThe Iranian Industry, Mining and Trade Ministry has it on agenda to boost the exports of foodstuff, pharmaceuticals and sanitary products to $4 billion in the current Iranian calendar year (ends on March 19, 2020).
20Percent Rise in Iran Olive Oil Production Expected This YearO live production is estimated to reach 120,000 tons in the current fiscal year (started March 21) to register a 20% increase compared with last year's output, the executive manager of the Agriculture Ministry’s "Olive Project" said.
Iranian gov approves bill to give 5 year residence to foreign investorsThe Iranian government has agreed to grant 5-year residence to foreign investors who bring as much as 250,000 euros to the country.
Iran's Trade Surplus With Iraq Surpasses $380m in 1 MonthIran traded 944,845 tons of non-oil commodities worth $394.23 million with Iraq during the first Iranian month (March 21-April 20) to register a 2.8% decline in tonnage and 0.07% growth in value compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
