BAKU, Azerbaijan, Jan. 19
By Elnur Baghishov – Trend:
Iran could take a number of certain steps in various sectors, to increase trade turnover with Russia, a member of the Iran-Russia Joint Chamber of Commerce Jalil Jalalifar told Trend.
According to him, Iran's government plans to prepare a roadmap for a better, stronger economic diplomacy. This roadmap should define work of the country's public and private sectors.
Jalalifar added that there are a number of reasons why Iran's trade turnover with Russia is in favor of Russia.
“The first reason is that Iran does not have certain infrastructure to increase exports to Russia,” he said. "As for the second reason, there are a number of problems with exports within Iran itself."
"There's lack of coordination between some institutions and business sectors involved in dealing with the country's exports," Jalalifar said.
The official also pointed out that the value of Iran's exports to Russia amounted to $272 million in 2010. After the signing a temporary trade memorandum between Iran and the Eurasian Economic Union (EAEU) in 2018, Iran's exports to Russia have been on the rise.
"The temporary trade memorandum with the EAEU states that ‘an electronic system’ should be established for the exchange of documents between Iran and the customs offices of EAEU member states," Jalalifar said.
As of October 27, 2019, a temporary trade memorandum has beenin force between Iran and the EAEU. In accordance with the memorandum, 862 kinds of products are being imported and exported upon preferential tariffs between the two sides. Iran exporting over 500 kinds of products and imports some 360 kinds of products as part of the memorandum.
During the first 9 months of the current year (March 21 through December 21, 2021), Iran's trade turnover with Russia amounted to 3.5 million tons worth more than $1.65 billion, which is an increase of 41 percent in value and 12 percent in volume, compared to the same period last Iranian year.
Iran exported 838,000 tons of goods worth about $433 million to Russia in 9 months, which is an increase of 29 percent in value and 15 percent in volume, compared to the same period last Iranian year.
Also, Iran imported 2.73 million tons of goods worth $1.22 billion from Russia within the mentioned period, which is an increase of 45 percent in value and 11 percent in volume, compared to the same period last Iranian year.
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