Iran reports 13% rise in transit of goods

Turkish trucks cross the border into Iran. Iran has announced an increase of 13 percent in truck transit activities through its territory in what could be a sign of the significance of the country’s location in regional trade.    Iran’s Customs Administration in a statement said about 542,000 trucks had…

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Iran’s finance ministry, Exim Bank of China sign MOU

TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well. The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism…

Call for expansion of South Korea-Iran economic ties

South Korean businessmen are keen on expanding economic relations with Iran thanks to Iran’s huge industrial and mineral capacities, South Korean Ambassador to Tehran Kim Sung-ho said in this western province on Tuesday. Speaking in a local gathering, the diplomat added Iran is considered as a reliable country for South…

S. Korea opens center to support trade, investment in Iran

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry said. Located in southern Seoul, the center will provide information…