Iran Mercantile Exchange (IME) announced that commodities valued at about $353 million and weighing over 597,567 tons were traded in its domestic trading and exports halls in the past working week (August 4-9).
Iran-Pakistan trade is on an upward trend and bilateral trade volume has reached $1.3 billion from $600 billion over past three years, said the president of Iran-Pakistan Federation of Culture and Trade.
China's President Xi Jinping on Wednesday warned that growing protectionism was damaging trade and that the world had to choose "between cooperation and confrontation" as the threat of a US-led trade war looms.
Amid an intensifying trade war between China and the United States, Chinese Ministry of Foreign Affairs says the US intimidation and threats "will never work" on Beijing, calling on Washington to maintain a rational attitude in dealing with related issues.
European economic powerhouses Germany, France and the UK have reportedly notified Tehran that they seek to open direct banking channels with the Islamic Republic, in what would be the first practical step to sustain the 2015 nuclear deal and sidestep the US, which has unilaterally withdrawn from the accord.