Home Economy UAE is the First Destination of Made-in-Tehran Products

UAE is the First Destination of Made-in-Tehran Products

UAE is the First Destination of Made-in-Tehran Products

According to the new statistics revealed by Iran’s Ministry of Industries and Business, United Arab Emirates is the first destination of made-in-Tehran products. The provincial branch of Industries and Business organization in Tehran reports that more than $775 million worth of goods have been exported to UAE during the first eight months of current Persian year. It’s good to know that exported products to UAE will be re-exported to other countries as Iran has cut its economical ties with Western bloc.

Base on this report, Afghanistan with more than $476 million imports is placed second in this list. Iraq and Turkey are ranked third and fourth in the list of Tehran’s importers with $416 million and $216 million worth of good respectively.

Although the United States and European Union have imposed severe sanctions on Iran’s economy but Germany and Italy are among the top importers of goods from Tehran. Accordingly German companies have bought $124 million worth of goods and services from Tehran and Italy has submitted transactions up to $75 million in trades with Tehran province.

The officials of Industries and Business Ministry said transferring currencies between Iranian exporters and foreign importers is the largest problem which slows down the transactions and trades between Tehran province and other countries.

Farid Shojaei
Farid Shojaei
Farid was born in Tehran but his family immigrated to Germany when he was 7. He finished his elementary and secondary schools in Germany but he returned to Iran on 2007. Shojaei attended the Shiraz University to study economics. A year after he became a volunteer writer of Pars Herald. On 2009 he joined the group in full time. His guidelines for the group were excellent and he was admired by other reporters in the country. City: Shiraz Phone Number: +989356998914 Email: Farid {at} ParsHerald.com Name in Persian: فرید شجاعی

Stay Connected

1,502FansLike
505FollowersFollow

Must Read

Invest Now To Make The Most Of SEIS Tax Breaks

Seed Enterprise Investment Scheme (SEIS) fund managers are warning investors to buy their equity stakes in new start firms now rather than miss the...

Invest Now To Make The Most Of SEIS Tax Breaks

Seed Enterprise Investment Scheme (SEIS) fund managers are warning investors to buy their equity stakes in new start firms now rather than miss the...

Human Impact Is Killing The Planet, Warns WWF

Man is revealed as the world’s fiercest predator in a new study by the World Wildlife Fund. Nature is fighting for survival against an onslaught...

Women’s Day across the World

Many women across the world celebrated Women’s Day in an extraordinary way, by holding protests. Women from countries throughout the Middle East such as Lebanon,...

Related News

US Pulling Out Of Trade Deal Is Smoke And Mirror Politics

Donald Trump has dropped his first official policy bombshell with his intention to leave the Trans-Pacific Partnership trade deal on his first day in...

Khosro Heydari: Our Mission Still not Accomplished

Esteghlal FC only needs three more points to claim the title of Iran Pro League. Last week, their main rival Sepahan FC failed to...

Nobel Prize For Economics Shared By US Academics

A pair of American academics have won the Nobel Prize for economics for their ground-breaking work on sustainable growth. William Nordhaus and Paul Romer have...

Billionaires Who Love To Play With Their Trains

Boys love to play with trains and investors are no different. Billionaire Warren Buffett, the investment guru, and Microsoft founder Bill Gates enjoy playing with...

QROPS: Why you need professional advice

If you currently hold a UK pension, and are either living abroad or planning to, you may be considering transferring your pension into a...

LEAVE A REPLY

Please enter your comment!
Please enter your name here