Minister of Industries, Mining and Trade Mohammad Shariatmadari has been appointed the new Iranian head of Iran-Turkey Economic Commission.
Mahmoud Vaezi, the former communications and information technology minister, used to head the commission, IRNA reported on Monday. The 26th joint economic commission session of Iran and Turkey is scheduled to be held next month in the Iranian capital, Tehran. Iran exported about $4.5 billion worth of goods to Turkey during the seven months ending July 2017, registering an 80% rise compared with the corresponding period of last year, Tasnim News Agency reported last week, citing the Turkish Statistical Institute. Imports from the neighboring country over the same period amounted to $1.8 billion, indicating a 37% fall year-on-year. Iran-Turkey trade stood at $6.3 billion over the seven-month period, showing a 16% rise YOY.
Minister of Industries, Mining and Trade Mohammad Shariatmadari said only half of Iran’s active industrial units are operating above 50% of their capacity.
A banking syndicate is being created with the specific goal of financing the biggest water transfer project in the country that will take water from the Persian Gulf to the provinces of Hormozgan, Kerman and Yazd, says the head of the Majlis Economic Commission.
Private sector players and government officials engaged in the steel sector met on Sunday at the Ministry of Industries, Mining and Trade to discuss the steel industry’s potential and challenges in the runup to the Eighth Iran Steel Market Conference.
Shadegan DRI plant as the first DRI Plant equipped with PERED (Persian Reduction) technology was inaugurated officially by First Vice President Es’haq Jahangiri in Shadegan, Khuzestan province.
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A deputy road minister has called for cuts in auto import tariffs so that low- and middle-income families would be able to afford safer and better cars.
Iraq and Turkey are willing to cooperate with Iran in expanding and modernizing the country's aging gas stations, managing director of filling stations' planning and research center said.