INSUBCONTINENT EXCLUSIVE:
TEHRAN-- Iran traded 890,287 lots of non-oil commodities worth $526.35 million with African countries during the first four months of the
existing Iranian fiscal year (March 21-July 22), data launched by the Islamic Republic of Iran Customs Administration (IRICA) showed.As Mehr
News Agency reported, South Africa with 255,471 lots worth $152.94 million, Nigeria with 129,437 lots worth $80.63 million, and Mozambique
with 82,462 tons worth $57.195 million were Irans main African trade partners throughout the said period.Iran exported 864,027 lots of goods
worth $495.51 million to the African continent throughout the mentioned 4 months.Irans main export locations in Africa were South Africa
with 255,101 loads worth $149.57 million, Nigeria with 129,437 lots worth $80.63 million, and Mozambique with 82,462 loads worth $57.2
million.Iran has been seeking to expand trade ties with Africa over the past few years.Back in June, Head of Irans Trade Promotion
Organization (TPO) Alireza Peyman-Pak said the nation was taking the necessary steps to increase yearly trade exchanges with Africa to $5
billion by the Iranian fiscal year 1404 (begins in March 2025)
Peyman-Pak said the trade with the pointed out nations is anticipated to reach $2.5 billion by the end of the present Iranian fiscal year
Referring to the preparation of the countrys trade advancement roadmap at the beginning of the work of the 13th administration, the official
stated: In this roadmap, major factors including exports and the share of different sectors is defined, and in the case of Africa, the
concerns and targets for trade with different countries and the requirements for reaching these targets are determined
Peyman-Pak put the share of African countries in Irans export basket at $1.2 billion, saying: Africas yearly imports total up to about $580
billion and our share of this figure is still little regardless of all the efforts
We have actually managed to export $1.2 billion to this market
He further discussed the capabilities of the mentioned continent for the export of technical and engineering services and stated: The
overall exports of technical and engineering services to Africa is presently $300 billion; But our share in 2015, regardless of a minor
boost reached only $200 million, which is still little
According to the TPO head, in order to increase the level of trade with Africa specific infrastructure consisting of transportation and
direct shipping lines, as well as appropriate legal, commercial, monetary, and banking relations need to be offered, and TPO has been just
recently focusing on supplying such requirements to facilitate trade with Africa
To fix the transport problems, four countries have actually been picked in East, West, South, and North of Africa, to release air and
shipping lines, he said.EF/
