TEHRAN: Iran says its imports from Europe have significantly risen during the first eight months of the current Iranian calendar year, which began on March 21, 2017. Tehran imported $32.5 billion worth of goods from Europe, which shows a 17.5 percent boost in comparison with the same period in the previous year, reported the Trade Promotion Organization of Iran (TPO) on its website. According to the TPO, during the same period Iran’s non-oil exports to Europe dropped by more than 1 percent, reaching $28.5 million. Elaborating on these figures, TPO said exports of Iran’s gas condensates, petrochemical and agricultural products dropped and exports of manufactured goods remained unchanged while Tehran sold more carpets and raw minerals to European countries during the said period. TPO reported that Iran’s imports from its biggest European trade partner, Germany, dropped 29 percent while imports from Belgium increased twofold. The figure for imports from Sweden grew five times over during the first eight months of Iranian calendar year. Based on the same report, Iran’s major imports were vehicles, vehicle parts, electronics, and agricultural equipment. Based on the report, trade between the United States and Iran decreased more than 30 percent from January to November 2017 compared with the same period in 2016. During the 11-month period, U.S. exports to Iran amounted to $121.6 million, which represents a decrease of more than 30 percent. Iran’s exports to the United States for the same period showed a 48 percent decrease amounting to $54.8 million.
RCCI urges establishment of German Trade Desk to boost bilateral trade
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has called for establishing a dedicated German Trade Desk in Pakistan...
