Iran-UAE Trade Forecast to Double in Five Years

Iran-UAE trade is about $15 billion per annum and both countries are looking to double their transactions to $30 billion by the fiscal 2025-26, according to the head of Iran-UAE Chamber of Commerce.
"As per agreements and forecasts, the volume of trade between the two countries will reach $20 billion by the end of the fiscal 2021-22," Farshid Farzanegan was also quoted as saying by IRNA.
“Iran’s agricultural and food exports to the UAE was the least impacted by sanctions and the spread of coronavirus,” he said.
“The UAE is the biggest exporter to Iran and the third largest destination of Iranian exports, indicating that many Iranian companies have put trade with the UAE on their agenda.”