Trade war in a lose-lose situation for both China & US!

Fitch Ratings Inc. and Moody’s as two of the biggest credit rating agencies announced that both China and US are approaching a lose-lose situation through the cold war. According to Rick Helfenbein, president and CEO of the American Apparel and Footwear Association (AAFA), “The trade war is like a family argument, which at one point…

“Oman” a good trading partner for Iran

The evaluation of market shows that a new base for trade is going to be formed in the region which can strengthen Iran exchange system and its foreign trade. It seems that Iranian traders can enumerate Oman as a new headquarters for export of Iranian goods. Iranian authorities are interested in Oman companies’ investment in…

Goods News on Iran Petrochemical Industry

Iran receives USD17 billion from selling petrochemical products. Iran manufactures 31 million MT of petrochemicals and 22 million MT of this which worth USD12 billion is exported to 30 different countries across the globe. It is expected that Iran will increase its petrochemical output by two times until 2024. Globally crude oil production grows 1%…

Xinhua News: Four Lessons Washington Needs to Learn from Trade War with China

The new round of tariffs on Chinese goods started yesterday although both parties are willing to restart negotiations! According to Xinhua, Washington should learn that “China is an unbent nail in face of US tactic of maximum pressure”. China is stronger to fight against the US and has sufficient measures at its disposal. Secondly, US…

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Neighboring Countries are the Target Market of Iran’s Commodities

Iran exports to Europe decreased 93% on the first half of 2019 in comparison with 2018 because of US sanctions against Iran. Therefore it is logical to concentrate on neighboring countries for export and import. Iran aimed to increase its export to USD50 billion to 15 neighboring countries in the next two years which was…

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