The Central Bank of Iran (CBI) said some $1.4 billion was earmarked for basic goods imports in the months of March and February despite limits on the country’s hard currency resources because of US sanctions.
Iran’s Government Trading Company (GTC) said the country imported over four million tons of basic goods in the 10 months to late January despite pandemic-related restrictions imposed at borders and difficulties facing the country in settling trade payments.
The EU has been given permission to levy tariffs on US products worth $4 billion in retaliation for subsidies given to Boeing, in the latest salvo in a bitter 16-year battle between the US plane maker and its European arch rival, Airbus.
A third round of discussions on signing a preferential trade agreement (PTA) between Iran and Malaysia have shown a progress on Wednesday during a meeting held via a video conference call, said a senior official from Iran’s Trade Promotion Organization.
A sum of 627,000 tons of basic goods were unloaded at Iran’s oceanic port of Chabahar since the beginning of the current Iranian year (March 20), said the director general of Sistan and Baluchestan Ports and Maritime Department.
Iran has profited around $60 billion from exports of products, services and energy since the US imposed its sanctions on the country’s sale of crude two years ago, said a senior official of the Iranian Ministry of Industry, Mine and Trade (MIMT).