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Official: There is no direct trade between Iran and U.S.

Business Materials 17 April 2013 12:04 (UTC +04:00)

Azerbaijan, Baku, April 17/ Trend G.Mehdi/

There is no trade between Iran and U.S. at present, ISNA quoted Trade Promotion Organization of Iran official Abdolhamid Asadian as saying.

Goods which are being registered at Iranian customs offices as imported from U.S. are, in fact, goods which have been indirectly imported to Iran via the U.S., he noted.

Trade between Iran and U.S. amounted to $133.8 million in the past Iranian calendar year, which ended on March 20, showing a 32-percent growth year on year, according to Iranian Customs Administration data.

U.S. exported $132.4 million worth of goods to Iran and imported $1.4 million worth of goods from Iran in the past year.

As Reuters reported, U.S. exports to Iran rose by nearly a third in 2012, mainly because of grain sales, despite the tightening of U.S. financial sanctions.

The increase masks a drop in the export of some humanitarian goods such as medicines, a decline U.S. exporters blame largely on the difficulty of getting paid by Iranian importers because of new U.S. financial sanctions.

But it also shows that goods such as milk products and medical equipment - whose sale to Iran is allowed with a Treasury Department export license - continue to flow despite the sanctions and the payments difficulties.

Medicinal and pharmaceutical products, including those sold in bulk and those for animals, fell to $14.9 million from $26.7 million. Pulp and waste paper, a category that includes the raw material for diapers, sank to $17.4 million from $40.9 million.

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