African Trade Promotion Organization (TPO) claims, the big rise of Iranian trade with Africa in terms of both Export and Import
Iranian News agency IRNA reports on behalf of the head of the Africa Department at the Trade Promotion Organization (T.P.O.) that the Iran’s trade with Africa has jumped a significant growth in the beginning of this year in first quarter, in terms of both exports and imports increase.
Trade between Africa and Iran has significantly increased this year, The head of the Africa Department at the Trade Promotion Organization (T.P.O.) says. The exports and imports both increasing overwhelmingly, IRNA reports
Mohammad-Reza Safari has claimed on Tuesday that exports to Africa has increased 85 percent growth in the first quarter of the Iranian calendar, compared to the same period last year.
The growth of Iran’s exports increased by 113 %. The Iran-Africa Economic Cooperation Summit played a key role to increase of this trade, he said this summit also helped implementing the issues related to trade the approvals of the Africa Headquarters.
Mohammad-Reza Safari also suggested ways to increase the bilateral trade, He said that trade strategies, supported recent developments, including hike in energy and transportation costs, as well as new United State trade tariffs imposed by president Donald Trump on exports from Africa, necessitate moving towards exporting high value-added products and investing in offshore production in African countries.
Reza Safari has emphasized that same strategy already has been pursued by China in Africa for last many years
Current Bilateral trade between Iran and African nations is standing around $1.3 billion, now both side shown intend to increase to $3-5 billion by the end of 2025.
Earlier, it was reported Iranian product export via Kazakhstan’s Golestan Province triples over several years
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News Resource – qazinform.com, July 15th 2025
