Iran, Non-Aligned Movement members economic exchange exceeds $40 billion
With only a few days left to the Non-Aligned Movement (NAM) summit in Tehran, Iran announced its annual exchange with NAM member states has exceeded $40 billion, ISNA reported.
Composed of 120 members, NAM has nearly two third of the UN seats and is to hold its 16th summit in Tehran on August 26-31.
Customs statistics show during the previous Iranian calendar year beginning from 20 March 2011, the country's non-oil trade with NAM members reached about $43 billion.
During this period under review, Iran's export and import value to and from NAM countries reached respectively $19.7 and $24.1 billion.
The volume of Iran's total non-oil exchange was about $105 billion between March 2011 and 2012 therefore about 40 percent of its trade happened with the NAM countries during this time.
Also China, Russia, Brazil, Kazakhstan, Argentina, Mexico, Netherlands, Serbia and Ukraine are among observer members of NAM and their exchange with Iran makes the economic cooperation with members of the international body reach even a higher volume.