Iran’s monthly non-oil trade up 12 percent yr/yrThe value of Iran’s non-oil trade in the first month of the current Iranian calendar year (March 21-April 20) rose 12 percent compared to the same month in the past year, IRIB news reported on Wednesday.
Russia Signs EAEU-Iran FTZ AgreementRussian Prime Minister Dmitry Medvedev signed an interim agreement with a validity of four years for the formation of a free trade zone to deal with a limited range of goods between the Eurasian Economic Union and Iran, the Russian government’s website announced in a statement.
Iran Switch to Euro Reflective of TradeIran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it would be easier for the country, the head of Monetary and Banking Research Institute said.
419 Hectares of Greenhouses RenovatedA total of 419 hectares of greenhouses were renovated and upgraded in Iran during the last fiscal year (ended March 20, 2018) at a total cost of 640 billion rials ($15.24 million), the head of the Greenhouses, Medicinal Plants and Edible Mushroom Affairs Bureau with the Ministry of Agriculture said.
Annual agricultural products, foodstuff exports up 4 percentThe value of agricultural products and foodstuff exports from Iran rose four percent in the past Iranian calendar year (ended on March 20), Kaveh Zargaran, the secretary general of Federation of Iranian Food Associations, announced, citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran Wheat Production Estimated to Reach 13.5m Tons This YearAbout 13.5 million tons of wheat are estimated to be produced in the country during the current Iranian year (started March 21), the deputy agriculture minister for agronomical affairs said.
Iran, Brazil discuss ways to broaden trade, economy relationsVisiting Iranian Foreign Minister Mohammad Javad Zarif and Brazilian Foreign Minister Aloysio Nunes discussed the ways to broaden relations in a meeting on Tuesday in Brasilia.
Tehran, Ankara sign co-op agreement on agriculture, foodstuffFederation of Iranian Food Association and Central Union of Turkish Agricultural Credit Cooperative signed a cooperation agreement at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday.
Sweden’s contribution in renewing Iran’s transport fleet to facilitate banking tiesThe governor of Central Bank of Iran (CBI) said Sweden’s cooperation with Iran in a mega project for renewing the country’s public transportation fleet will lead to expansion of the two sides’ banking ties.
Indian economist forecast bright, rosy economic prospects for Iran by 2025 If Islamic Republic of Iran plans to grow its economy from current around $400 billion to $1 trillion by 2025, it should focus on the growth driving sectors. The segmental growth estimates may be useful as a blueprint for a long-term economic vision, Sourajit Aiyer a leading Indian economist maintained.
