Commerce official site


Commerce official site

GDP Growth

After some years which the growth rate was negative or tiny, the current year is a hopeful one. As the international economic institutes predicted, the average growth of GDP of Iran will be around 5 percent.

Strategic location

Straddling the Persian Gulf and the Caspian Sea, Iran connects Central Asia to the open sea and West Asia to the Middle East, offering a unique and valuable location.

Energy Security

Iran has close to one fifth of total global proved gas reserves and ranked 4th in proved crude oil reserves in the world.ble energy resources in the world.

Young & Educated

With some 3.7 million students at the various stages of higher education, Iran possesses some of the best educated youth in the developing world.

The exported carpets weighted 4,400 tons, showing 10 percent rise.

About $69 million worth of Iranian carpets were exported to the United States during the first 10 months of the current Iranian calendar year, ended on January 19, while the figure was zero in the entire preceding year, ISNA quoted Hamid Kargar, the head of Iran's National Carpet Center, on Wednesday.

As Kargar elaborated, addressing the opening ceremony of a carpet exhibition in the northeastern province of Golestan, following the implementation of the nuclear deal in January 2016, Iran restarted exporting its carpets to the U.S. after about five years.

During the said time, Iran could manage to export $275 million of carpets to 80 countries across the globe, registering 19 percent increase in comparison with the same time span in the previous year, he said.

The exported carpets weighted 4,400 tons, showing 10 percent rise, the official added.

The U.S. imposed a ban on carpet imports from the Islamic Republic, among other products, in September 2010. It was Iran’s major market for Persian rugs and the sanctions caused total carpet exports to drop by 30 percent — the embargo meant no American could buy, sell or import Persian rugs, even if they were purchased outside of the Islamic republic.

But with many of the west’s sanctions lifted after Tehran reached a historic nuclear deal with western powers last year, the industry has been enjoying a boom and sales to America have increased.

China to suspend all imports of coal from North Korea

The ministry did not say why all shipments would be suspended, but South Korea's Yonhap news agency reported last week that a shipment of North Korean coal worth around $1 million was rejected at Wenzhou port on China's eastern coast.

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GM plans to build, test thousands of self-driving Bolts in 2018 - sources

General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s plans said this week.

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The widespread rollout of 5G is still a few years off, but that isn’t stopping Nokia Corp. (NOK) from forging a path as telecom players look for the next opportunity for growth. Read more: Nokia, Intel Team Up on Adoption of 5G | Investopedia http://www.investopedia.com/news/nokia-intel-team-adoption-5g/#ixzz4ZOeX0Mwz Follow us: Investopedia on Facebook

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Apparel Retailer Earnings to Watch for This Week

These two retailers are hoping to come back this earnings season in light of a period of consecutive decline. Amid a declining segment faced with the rise of online competitors,

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Snap's Spectacles Now Available to General Public

The eyeglasses, which enable users to record short videos of up to 30 seconds and share them on social networks, retail for $130 per device and are shipped along with a charging case and cable.

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