Iran is aiming to significantly expand its non-oil trade with Qatar, targeting an annual turnover of $1 billion, according to Mohammad-Ali Dehghan Dehnavi, Iran’s Deputy Minister of Industry, Mines, and Trade, and Chairman of the Trade Development Organization.
Iran is aiming to significantly expand its non-oil trade with Qatar, targeting an annual turnover of $1 billion, according to Mohammad-Ali Dehghan Dehnavi, Iran’s Deputy Minister of Industry, Mines, and Trade, and Chairman of the Trade Development Organization. Speaking during a virtual meeting with Qatar’s Deputy Minister of Industry and Trade, Saleh Majid Al-Khulaifi, Dehnavi stressed the need for practical measures to enhance economic ties between the two nations.
Despite efforts from both sides, economic relations have yet to reach their full potential. Currently, Iranian exports to Qatar primarily consist of fruits and food products, which Dehnavi believes are insufficient to achieve the ambitious trade goal. He emphasized the need to address trade obstacles, streamline visa processes for Iranian businessmen, and simplify inspections in Qatar to foster growth.
Qatari Deputy Minister Al-Khulaifi acknowledged the challenges posed by strict customs regulations but assured efforts to accelerate the clearance of Iranian goods at Qatari ports and expedite visa issuance for Iranian traders. He expressed optimism that these measures would bring the trade turnover closer to the $1 billion target.
Recent data from the Iranian Customs Administration indicates that, during the first seven months of the current Iranian year (March 20–October 21, 2024), non-oil trade between the two nations amounted to 315,000 tons worth $174 million. Iran exported 281,000 tons of non-oil goods valued at $76.8 million to Qatar, while imports from Qatar totaled 33,600 tons worth $97.3 million.
Both sides agreed that overcoming small yet impactful trade-related barriers will be key to achieving their shared economic vision. As talks progress, the emphasis remains on creating a framework for sustained growth and closer bilateral ties.
A bulk carrier struck during a Russian attack on Ukraine’s southern coast on Friday is owned by a Turkish company, a source familiar with the incide...
Chinese Foreign Minister Wang Yi has begun a multi-nation diplomatic tour of the Middle East, showing Beijing’s deepening engagement in a region und...
Kazakhstan has begun redirecting part of its crude exports, sending oil from Kashagan to China as the Caspian Pipeline Consortium (CPC) operates at re...
Pakistan and China are conducting a joint counterterrorism exercise, Warrior IX, to strengthen military cooperation. The drill comes at a time of rene...
Azerbaijan’s post-conflict reconstruction in Karabakh is attracting international attention. The book by British author Graeme Wilson documents this...
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Special representatives for Iran and Russia have discuss declining Caspian Sea levels during a meeting held in Tehran.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
Iranian President Masoud Pezeshkian arrived in Astana on Wednesday, 10 December, for a two-day visit aimed at expanding trade, transit, and economic ties, with more than ten agreements expected to be signed.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
Kazakhstan has begun redirecting part of its crude exports, sending oil from Kashagan to China as the Caspian Pipeline Consortium (CPC) operates at reduced capacity.
Azerbaijan’s post-conflict reconstruction in Karabakh is attracting international attention. The book by British author Graeme Wilson documents this journey, combining first-hand reporting and digital storytelling to highlight both the region’s restoration and the human stories behind it.
Iran’s top diplomat, Abbas Araghchi, has welcomed the expansion of ties with neighbouring Azerbaijan, stating that Tehran and Baku are committed to building a ‘shared, secure and mutually respectful’ future, local media reported on Friday.
Tashkent is hosting the 2025 Fédération Internationale de l’Automobile (FIA) Annual General Assemblies, one of the most significant events in global motorsport and mobility governance, bringing together officials and delegates from around the world.
The global centre of political gravity is increasingly moving from the Atlantic to the Pacific, a development with significant implications for the South Caucasus and Central Asia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment