Economy

Renewable power generation capacity to hit 12,000MW by next March

‘Shifting export track from raw material sales to finished goods, a necessity’ TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods. According to the Public Relations Department of the Trade Promotion Organization of Iran, this meeting was held with the aim of explaining new structures for guild participation in the international supply chain and examining operational solutions to remove administrative, currency, and regulatory obstacles facing guild exporters. The Head of the Trade Promotion Organization of Iran, pointing to the structural challenge of the country's trade balance from a qualitative perspective, stated: One of the fundamental and problematic issues in foreign trade is the low average value of export goods compared to import items. Currently, the average value per ton of the country's export goods is about $300, while this figure for imported goods reaches about $2,000 per ton. This deep gap indicates the continuation of the traditional approach and reliance on raw material sales in the country's economy. Emphasizing the need to enhance Iran's position in the global value chain, he added: A major portion of our non-oil exports is concentrated in upstream industries such as the steel chain, iron ore, pellets, and ingots, whose marketing and sales, due to the nature of raw materials, lack the scientific complexities of trade. In contrast, production and distribution guilds deal with a chain of finished and ready-to-consume goods (such as furnitu
TPO head, Pakistani ambassador discuss expanding Iran-Pakistan trade ties

TEHRAN- Head of the Trade Promotion Organization of Iran (TPO), in a meeting with Pakistan's Ambassador to Iran, while emphasizing the importance of facilitating the activities of the private sector in both countries, stressed the necessity of utilizing existing capacities to develop and deepen the economic and commercial relations between Iran and Pakistan.
‘Shifting export track from raw material sales to finished goods, a necessity’

TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods.

Intl. exhibit of building, construction draws interest with 1,000 companies registered

TEHRAN- The Deputy for Support and Planning of the Iran Cooperative Chamber announced that nearly 1,000 companies have registered to participate in the International Exhibition of Building and Construction and said: This event will be held from August 18 to 21, focusing on introducing new technologies, developing trade exchanges, and holding specialized panels.
TPO head, Pakistani ambassador discuss expanding Iran-Pakistan trade ties

TEHRAN- Head of the Trade Promotion Organization of Iran (TPO), in a meeting with Pakistan's Ambassador to Iran, while emphasizing the importance of facilitating the activities of the private sector in both countries, stressed the necessity of utilizing existing capacities to develop and deepen the economic and commercial relations between Iran and Pakistan.
‘Shifting export track from raw material sales to finished goods, a necessity’

TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods.
Renewable power generation capacity to hit 12,000MW by next March

‘Shifting export track from raw material sales to finished goods, a necessity’ TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods. According to the Public Relations Department of the Trade Promotion Organization of Iran, this meeting was held with the aim of explaining new structures for guild participation in the international supply chain and examining operational solutions to remove administrative, currency, and regulatory obstacles facing guild exporters. The Head of the Trade Promotion Organization of Iran, pointing to the structural challenge of the country's trade balance from a qualitative perspective, stated: One of the fundamental and problematic issues in foreign trade is the low average value of export goods compared to import items. Currently, the average value per ton of the country's export goods is about $300, while this figure for imported goods reaches about $2,000 per ton. This deep gap indicates the continuation of the traditional approach and reliance on raw material sales in the country's economy. Emphasizing the need to enhance Iran's position in the global value chain, he added: A major portion of our non-oil exports is concentrated in upstream industries such as the steel chain, iron ore, pellets, and ingots, whose marketing and sales, due to the nature of raw materials, lack the scientific complexities of trade. In contrast, production and distribution guilds deal with a chain of finished and ready-to-consume goods (such as furnitu
Iran, Armenia seek to turn shared corridor into a trade engine

TEHRAN- In line with realizing transport diplomacy and developing regional trade, the Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia met with the Head of Iran's Road Maintenance and Transportation Organization.
Tehran, Islamabad place emphasis on developing direct trade, increasing trade exchanges

TEHRAN- Imran Ahmed Siddiqui, Pakistan's Ambassador to Iran, and Mahmoud Najafi Arab, Head of the Tehran Chamber of Commerce, held a joint meeting with the presence of Hesameddin Hallaj, Deputy for International Affairs and Trade Development of the Tehran Chamber, Ayman Juwairiyah, Commercial and Investment Attaché of the Embassy of Pakistan in Iran, and Peyman Sanandaji, Head of the Transportation Committee of the Tehran Chamber.
By Mahnaz Abdi

Iran, Azerbaijan forge stronger economic ties with new customs agreement

TEHRAN – In a significant step toward deepening bilateral economic relations, Iran and the Republic of Azerbaijan have signed a customs cooperation memorandum of understanding aimed at facilitating and accelerating trade and transit between the two neighboring countries.
Trump's economic failure: 97,000 workers axed amid AI hype, negligence

TEHRAN- The Trump administration’s hollow "America First" rhetoric stands fully exposed today, as devastating new employment data reveals a labor market spiraling out of control under a visibly inept White House.
Iran, Pakistan emphasize developing cooperation centered on Chabahar-Gwadar

TEHRAN- The CEO of the Chabahar Free Zone Organization met with the new Pakistani ambassador and emphasized the development of Iran-Pakistan cooperation centered on Chabahar-Gwadar and the creation of the Rimdan-Gabd joint free zone.
Vietnam ready to invest in Mazandaran province

TEHRAN- The Governor of Mazandaran announced Vietnam's readiness to invest in the province and said: The economic, scientific, agricultural, and tourism capacities of both sides were explored in a meeting with the Vietnamese Ambassador to develop joint cooperation.