Iran’s Chamber of Commerce, Industries, Mines and Agriculture plans to send a business delegation to Russia on Dec. 18 in cooperation with Iran-Russia Chamber of Commerce.
The delegation, led by ICCIMA President Gholamhossein Shafei, will include traders and representatives of businesses who plan to hold B2B meetings with their Russian counterparts.
The four-day visit is aimed at expanding Iran-Russia economic relations, the news portal of ICCIMA reported.
Iran and Russia have been forging closer economic ties, partly to offset the effect of western sanctions against Tehran and Moscow, with officials from both sides boosting interactions in recent months.
Iran’s Trade Center in Moscow was inaugurated in September in the presence of Iranian and Russian officials and businesspeople.
“The Russian market is a desirable destination for Iranian goods ranging from petrochemical products and minerals to agricultural products, foodstuff, construction materials, apparel, iron and steel and industrial machinery,” Bahman Abdollahi, the head of Iran Chamber of Cooperatives, was quoted as saying by ILNA on the sidelines of the inaugural ceremony, adding that the trade center will help introduce Iranian goods and services in the Russian market.
Alireza Peymanpak, the head of Trade Promotion Organization of Iran, who was also present at the event said among the main tasks of the trade center is to coordinate joint events and exhibitions, and plan visits by trade and business delegations and link Iranian businesspeople to their Russian counterparts.
According to the data released by the Islamic Republic of Iran Customs Administration in 2021, Russia exported $1.7 billion worth of goods to account for 3.1% of Iran’s total imports.
In return, Russia imported $1.1 billion worth of goods from Iran, accounting for 1.2% of Iran’s total exports last year.
Russia’s 2021 export to Iran increased by 56% and Russia’s import from Iran rose 15% in comparison with 2020.
About 66% of Russia’s total export value to Iran were cereals, mainly wheat.
The main product exported to Russia from Iran were pistachio, with a 9.1% share in total exports.
