US President Donald Trump said that India has agreed to “cut their tariffs way down,” signalling a potential shift in trade relations between the two countries.
ECONOMY Feed Atom
Iran says Washington's continuation of its so-called "maximum pressure" policy against Tehran is tantamount to "crime against humanity," stressing that the failed policy will not yield new results for Washington.
Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.
Iran's GDP grew by 3.1% YoY in the first nine months of 2024, including oil, according to the latest quarterly national accounts from the Statistical Center of Iran.
Representatives from Iran and Belarus' private sectors have held talks on establishing an industrial unit for the joint production of advanced equipment.
Iran and Brazil have agreed to expand their financial and banking relations, with a focus on using national currencies in bilateral trade and leveraging banking infrastructure for economic cooperation.
Iran's Free Zones High Council aims for $2.0 billion in exports in the next year, removing legal barriers and introducing new incentives to boost trade.
The CEO of Pars Oil and Gas Company (POGC) highlighted the significant role of South Pars in Iran’s economy and national security, stating that the field contributes $100 billion annually to the country’s gross domestic product (GDP).
Iranian President Masoud Pezeshkian traveled to Kerman Province on Saturday to inaugurate four major economic and industrial projects worth more than 200 trillion rials.
Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.
Now it has become more and more difficult to address problems resulting from inexpert and populist policies in energy consumption. Unfortunately, energy consumption is under the influence of politics rather than economics.
The parliamentary deputy to the president stated that hidden energy subsidies in the country amount to a significant sum and are one of the reasons behind the smuggling of energy resources.
Iran's Minister of Energy and Iraq's Minister of Electricity and Energy met to discuss electricity exchange and the export of technical and engineering services in the power sector.
The Iranian oil minister announced that creating a secure and transparent environment for investors is a priority of the Oil Ministry.
Iran’s Foreign Investment Board has approved over $700 million in foreign investment during its latest session, marking a significant development under the 14th government.
Iranian exports to the Developing-8 group increased by over 24% in the first eight months of the current Iranian calendar year, according to IRICA.
The petrochemical industry is vital to Iran's economic and industrial development, and the second phase of the Petrochemical Special Economic Zone will focus on balanced growth and completing the value chain.
Iran and China have signed a memorandum of understanding (MOU) for development cooperation on the sidelines of the Indian Ocean Rim Development Cooperation Forum, IRNA reported.
EAEU Minister of Trade Andrey Slepnev emphasized Iran's significance in the free trade agreement, citing its strategic position on the EAEU's southern borders and involvement in the INST.
The market anticipates Trump's tariffs, particularly a 25% tariff on Canadian imports, which could impact domestic and foreign industries, particularly the American Midwest.