The US President Donald Trump’s administration and China declared a temporary truce in their 15-month trade war. Yet the grievances that led them to impose tariffs on hundreds of billions of dollars of each other's goods remain largely unresolved.
The interim free trade agreement between the Eurasian Economic Union (EEU) and Iran will come into force on 27 October, Veronika Nikishina, a member of the ministerial board of the Eurasian Economic Commission (EEC), said in a press conference in Moscow, BelTA reported.
South Korean Ambassador to Iran Jeong-Hyun Ryu highlighted the East Asian country’s willingness to boost economic cooperation with the Islamic Republic and said the level of bilateral trade should return to that of the pre-sanctions era.
Iran’s Chamber of Commerce, Industries, Mines and Agriculture plans to send an economic delegation to Kazakhstan in November to visit two exhibitions, namely "WorldFood Kazakhstan 2019" and "AgroWorld Kazakhstan 2019."
Iran Mercantile Exchange (IME) announced on Saturday that commodities valued at about $710 million and weighing over 555,000 tons were traded in its domestic trading and export halls in the past week (ended October 3).
Azerbaijan’s ambassador to Tehran Bunyad Huseynov expressed his country’s interest in further expanding commercial and economic ties with Iran, and lauded the significant 74-percent growth in the volume of bilateral trade.