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In a recent meeting with Russia’s Deputy Prime Minister, Iranian Industry Minister Mohammad Atabak emphasized the need to expedite the implementation of agreements between Iran and Russia, aiming to strengthen their diplomatic and economic ties. Atabak acknowledged Russia’s support for Iran’s rights in international forums and highlighted the potential for enhanced cooperation, especially with Iran’s role in the Eurasian Economic Union (EAEU). He expressed readiness to boost trade relations, citing the historical ties and political will of both nations. This partnership could serve as a model for regional collaboration, promising economic stability and growth for both countries and their allies.
Recent data from Iran’s International Transport and Transit Office reveals a significant increase in the country’s trade activities. During the first ten months of the Iranian calendar year (March 21, 2024 – January 20, 2025), Iran managed 12,367,117 tons of non-oil products through its border terminals, with over 10 million tons exported and more than 2 million tons imported. This marks a 20% rise in total trade compared to the previous year. Javad Hedayati highlighted the importance of enhanced logistics and transport infrastructure, aligning with Iran’s broader economic goals to strengthen its regional and global market position.
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Iran’s job market shows signs of recovery, with the unemployment rate decreasing to 7.2% in the December quarter, down from 7.7% in June and 7.5% in September, according to the Statistical Center of Iran. Unemployment fell for both men (5.9%) and women (13.7%). Urban unemployment declined to 7.8%, while rural unemployment dropped to 5.2%. Tehran boasts the lowest rate at 4.5%, while Sistan and Baluchestan has the highest at 12.5%. Economic diversification efforts, including growth in manufacturing, mining, and agriculture, are contributing to job creation and a more resilient economy. Continued reforms are essential for sustaining these positive trends.
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Iran’s Deputy Foreign Minister Vahid Jalalzadeh met with Azeri Foreign Minister Jeyhun Bayramov to strengthen bilateral relations, focusing on energy, transportation, and mutual interests. They highlighted the importance of ongoing communication between the presidents of both nations and emphasized the role of political dialogue and inter-parliamentary connections. Jalalzadeh noted the significance of continuous dialogue for resolving differences, while Bayramov stressed the need for cooperation on regional stability. Their discussions aimed at fostering a comprehensive partnership through enhanced political, economic, and infrastructural collaboration, reflecting a mutual commitment to addressing shared challenges and opportunities for development.