Japanese Prime Minister Shinzo Abe has reluctantly agreed to enter into trade negotiations with the United States, whose president has repeatedly pressured Tokyo to accept new terms in bilateral trade.
Iran's non-oil trade with China totaled $22.28 billion in the Iranian year which ended on March 20, indicating an increase of 16.82 percent compared to the figure for the year before, said a report by Islamic Republic of Iran Customs Administration.
Iran's foreign trade in the year to March 20 stood at $200 billion, said Minister of Industry, Mine and Trade Mohammad Shariatmadari adding that given the significant trade exchanges, Iran can be a good trade partner for Uzbekistan.
India, Iran and Russia have resumed talks on activating the International North South Transport Corridor (INSTC) which will cut freight time to Europe by half and bring down the cost for the benefit of east and southeast Asian exporters.
The 10-percent growth in Iran-Singapore trade ties during March 21-November 21, 2017, compared to the figure for the same period of the preceding year, shows that both governments are focused on expanding economic relations.
China warned on Friday it would fight back "at any cost" with fresh trade measures if the United States continues on its path of protectionism, hours after US President Donald Trump threatened to slap an additional $100 billion in tariffs on Chinese goods.
German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with China.