Transport MoU With South KoreaIran and South Korea have signed a memorandum of understanding to improve cooperation among the government, private sector and investors of the two countries in the fields of transportation, housing and urban development.
ICCIMA explores further avenues of co-op with AustriaIn a Tuesday meeting between Austria’s minister for science, research, and economy and the visiting head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the two sides discussed expansion of bilateral economic ties, IRNA reported.
Iran-Austria trade to reach €400 millionAt a joint event attended by the 36-strong delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture and its Viennese counterpart, an Austrian official heralded the imminent improvement in Iran-Austria trade ties as banking channels are being restored.
Temporary Ban on Rice Imports RemovedThe temporary ban on rice imports has been lifted from Nov. 22 up until July 22, 2018, as per a directive by the Ministry of Industries, Mining and Trade issued on Tuesday.
Gov’t Wheat Purchases Reach 8.8m TonsMore than 8.87 million tons of wheat worth 116 trillion rials ($2.83 billion) have been purchased from local farmers by the government since the beginning of the current Iranian year (March 21), the head of Government Trading Corporation of Iran said.
Calls to Sort “Banking Issue” After Iran Beef DealI rish beef from across the EU may soon be destined for Iran following a new export deal. EU’s Agriculture Commissioner Phil Hogan said significant progress had been made toward facilitating beef exports from the EU to Iran in the short term, FarmIreland, a publication of daily newspaper Irish Independent reported on Tuesday.
Private Sector Wants Say in Financial Decision-MakingA motion proposed by parliamentarians aimed at reforming the ailing banking system reportedly excludes the limited authority the private sector currently has in financial decision-making, which has been met with the strong disapproval of business figures.
Bananas Vs. OrangesAs per a regulation ratified by the government on Nov. 8, bananas can be imported into Iran at a low tariff of 5% if oranges are exported in return.
Tehran, Berlin trade turnover hits €2.8bnHead of the Islamic Republic of Iran Railways Saeed Mohammadzadeh said volume of trade turnover between Iran and Germany had grown to 2.9 billion euros.
Iran, EU deals, worth 10 bn euros: EU CommissionerAgreements signed between Iran and the European Union this year are worth 10 billion euros, said Phil Hogan, EU Commissioner for Agriculture and Rural Development.
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