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FAO’s New Envoy Delivers Credentials to Foreign Minister Araghchi: A Step Towards Global Cooperation
Mr. Farrukh Toirov has been appointed as the FAO Representative to Iran, marking a pivotal step in agricultural collaboration. With over 20 years of experience in international development, Toirov aims to enhance Iran’s agricultural sector by focusing on agricultural productivity, sustainable practices, food safety, natural resource management, and climate change mitigation. Officially starting his tenure on May 25, 2025, after presenting his credentials to Foreign Minister Seyed Abbas Araghchi, Toirov’s leadership is expected to foster partnerships that improve food security and sustainable agriculture. His extensive background positions him to effectively address Iran’s agricultural challenges and opportunities.
Iran’s Foreign Trade Soars to $117 Billion in Just 11 Months, Reports IRICA
Iran’s non-oil foreign trade has shown notable growth, with trade volume reaching 176.102 million tons during the first 11 months of the Iranian calendar year, a 9.2% increase from the previous year. The total value of non-oil trade was $53.376 billion, while imports surged by 19% in weight and 5.6% in value. Key exports included natural gas ($6.6 billion) and liquefied propane ($3.3 billion). This growth reflects Iran’s efforts to diversify its economy and reduce reliance on oil. The government aims to expand trade relations with neighboring countries, enhancing economic stability and employment opportunities.
Iran’s Economy Minister Engages in High-Level Talks During Key Meetings in Saudi Arabia
At the AlUla Conference for Emerging Market Economies in Saudi Arabia, Iranian economic official Hemmati met with Abdulhamid Alkhalifa, head of the OPEC Fund for International Development. They reached positive agreements to benefit Iranian contractors and enhance technical services through OPEC financial resources for development projects. Hemmati also met with Turkey’s Central Bank Governor, emphasizing Iran’s commitment to strengthening regional economic ties. The conference highlighted the significance of emerging markets and provided a platform for discussions on cooperation and opportunities. This collaboration aims to diversify Iran’s economy and reduce oil reliance, fostering sustainable economic growth and stability.
Iran Secures $4 Billion Oil Development Deal with Russian Firms, Minister Announces
Iran has signed four agreements worth $4 billion with Russian firms for the development of seven oil fields, announced by Oil Minister Mohsen Paknejad during a visit to Moscow. These deals aim to enhance strategic cooperation in energy, finance, and agriculture following a recent long-term cooperation treaty. Paknejad highlighted the potential for bilateral trade exceeding $5 billion and revealed plans for a new nuclear power plant funded by Moscow. Discussions on importing natural gas from Russia are also advancing. The partnerships emerge as both nations seek to strengthen ties amid increasing Western sanctions, emphasizing their mutual interests.
Iran-Eurasia Free Trade Agreement Unveiled by President Pezeshkian: A New Era of Economic Collaboration!
Iranian President Masoud Pezeshkian announced a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) on March 15, aimed at enhancing economic cooperation and trade among member states, including Russia and Kazakhstan. The FTA will reduce tariffs and improve market access, benefiting Iranian exporters and attracting foreign investments. It is expected to foster economic growth, create jobs, and provide consumers with a wider variety of products at lower prices. This agreement represents a strategic move for Iran to diversify its trade partnerships and strengthen regional ties amidst global economic challenges.
Iran and Russia Strengthen Maritime Cooperation in the Caspian Sea: A New Era of Naval Partnership
The Russian Ministry of Transport is collaborating with Iran to enhance maritime operations, particularly at Makhachkala port, to improve the efficiency of goods handling. Recent discussions led to the signing of a roadmap for transportation cooperation through 2025, aimed at strengthening bilateral ties and operational efficiency. Key initiatives include issuing drivers’ visas, boosting cargo and passenger transport, and enhancing air transport cooperation. The upcoming Third Caspian Economic Forum in Tehran is expected to foster regional economic collaboration, while a special meeting will further align strategies for maritime development. Overall, these efforts signify a promising trajectory for Iran-Russia maritime collaboration.