Code: 955244 A

The chairman of Iran-UAE Joint Chamber of Commerce Farshid Farzanegan says "Iran's exports to the United Arab Emirates increased by 16% in the first four months of the year.

Speaking to ILNA news agency, the Iranian official added that despite economic problems and the spread of the coronavirus, the UAE was the only country to which Iran's exports increased.

"Iran's exports to the UAE were $ 4.5 billion and our imports from this country were $ 8.9 billion, in other words, the volume of trade between the two countries is $ 13.4 billion."

Referring to the recent agreement between Israel and UAE, he confirmed "Economic relations must be separate from political issues; due to sanctions, we do not have many options for trade exchanges, and Turkey and the UAE are two countries where Iranian traders have maintained their activities."

Statistics indicated that export of products from Islamic Republic of Iran to the United Arab Emirates from March 21 to June 22, 2020 increased about 40% in terms of volume as compared to the same period of last year and hit from about 2.4 million tons to 3.4 million tons.


United Arab Emirates Israel and UAE
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