Iran-Russia “Green Corridor” Piloted
Economy, Domestic Economy

Iran-Russia “Green Corridor” Piloted

The Iran-Russia “Green Corridor” was piloted last week after the first shipment of Iranian agro products was exported to Russia from Abbasabad Export Terminal in western Mazandaran Province.

According to Iran-Russia Chamber of Commerce, the Green Corridor, which is aimed at streamlining customs procedures, will help lower the price of Iranian products in the Russian market by 14%, IRNA reported.

The idea of Green Corridor was first proposed by Russian Minister of Agriculture Alexander Nikolayevich Tkachyov during his visit to Iran last January. It involves cutting red tape in bilateral trade, for instance, by reducing physical inspection of cargos and offering customs duty discounts by the Russian side for Iranian products.

After the shortcomings of the protocol are rectified, the scheme will be carried out at full strength and more exporters can benefit from these customs facilities.    Russia’s trade turnover with Iran amounts to $700-800 million per annum.


Short URL : https://goo.gl/HD3atS
  1. https://goo.gl/viGiYF
  • https://goo.gl/PRRILC
  • https://goo.gl/NFXBNZ
  • https://goo.gl/3L5Zn0
  • https://goo.gl/IFkpLC

You can also read ...

The central bank officials of Iran and Oman convened in Tehran on March 17.
A host of high-level officials of the Central Bank of Iran on...
No Telegram  Crypto for Iranians
Telegram has announced that Iranian citizens will not be...
Volkswagen Assigns $25b in Battery Orders
Volkswagen has picked partners to provide battery cells and...
Foreign Exchange Deposit Regulations Updated
The latest update of regulations concerning foreign currency...
Tehran fell by two places in this year’s ranking to 121st most expensive city in the world, narrowly avoiding the bottom 10.
Tehran is among the least expensive cities in the world to...
Toyota Land Cruiser for Iranian Police Fleet
To renovate police cars in Iran ahead of Norouz (Iranian New...
Steel production stood at 38.12 million tons, registering a 14% rise YOY.
Iranian steelmakers exported 7.41 million tons of their...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...

Add new comment

Read our comment policy before posting your viewpoints