Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber
Iran - EAEU trade also up: 33% y-o-y in nine months

Trade between Iran and Russian Federation nears record highs

The trade turnover between Russia and Iran is likely to reach record-breaking $4 billion as of 2021 year-end: Russian Trade Representative in Iran Rustam Zhiganshin said on the subject: “The turnover surged by 89.4 percent during the first eleven months against the like period of the last year and stood at $3.76 billion. Grounds are in place to expect we will reach the record-high figure of $4 billion as of 2021 year-end.”

“Agricultural produce account for about 80 percent in the trade turnover between the countries,” Zhiganshin added. “Grains and oil-bearing crops moved up in our export in the first instance,” he said. “Export of vaccines can be noted among new positions – our relevant supplies to Iran totaled $45 million.”

Moderndiplomacy.eu reports that the Head of Iran’s Trade Promotion Organization, Alireza Peyman Pak, has stressed the need for establishing export consortia between Iran and Russia for accelerating mutual trade under the framework of the agreement with the Eurasian Economic Union (EAEU).

Eurasian Economic Union
The value of trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.2 billion in the first nine months of the current Iranian calendar year (March 21 – December 21, 2021), to register 33 percent growth compared to the previous year’s same period, according to the data released by the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA).

The TCCIMA report put the weight of Iran-EAEU trade in the mentioned nine months at over 4.9 million tons, the TCCIMA portal reported.

Source: tehrantimes.com

Publication date: