Iran says its trade surplus exceeded $3.4 billion over a period of four months starting March 21, 2016 in what is seen as the country\u2019s best post-sanctions trade performance.<\/p>\n
Figures released by the Customs Administration of Iran show that the country\u2019s non-oil exports over the period stood at $16.3 billion \u2013 a figure that was higher than the corresponding period last year by 21.11 percent.<\/p>\n
It is believed that a new wave of exports of petrochemical products spurred by the removal of sanctions against Iran in January has been instrumental in the improvement of Iran\u2019s trade activities.<\/p>\n
Iran\u2019s exports of petrochemical products over the period had increased by 41.5 percent in the overall basket of non-oil products, IRNA reported.<\/p>\n
The total value of petrochemicals exported stood at $6.7 billion and the total value of other non-oil products stood at above $6.6 billion, it added.<\/p>\n
In January, a series of economic sanctions that had been imposed against Iran were removed after a deal that the country had last year reached with the P5+1 \u2013 the five permanent members of the UN Security Council plus Germany \u2013 came into effect.<\/p>\n
The sanctions restricted banking transactions with the country among other issues.<\/p>\n
Iran has been persistently urging European countries to take the required measures to encourage their banks to facilitate transactions with Tehran now that the sanctions have been removed.<\/p>\n
However, the country\u2019s plea appears to have fallen on deaf ears so far.<\/p>\n
Analysts have already emphasized that the banks remain wary of the impacts of the remaining American sanctions against Iran, specifically those that address banking transactions with the country.<\/p>\n
Fariborz Karimaei, the deputy head of the Association of Petrochemical Industry Corporation of Iran, was quoted by the media in mid-August as saying that Iran\u2019s petrochemical exports to Europe are facing problems as a result of sanctions-related banking issues that have not been fully settled.<\/p>\n
Karimaei emphasized that the European banks are still failing to cooperate with the Iranian exporters of petrochemical products even eight months after the removal of the sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Iran says its trade surplus exceeded $3.4 billion over a period of four months starting March 21, 2016 in what is seen as the country\u2019s best post-sanctions trade performance. Figures released by the Customs Administration of Iran show that the country\u2019s non-oil exports over the period stood at $16.3 billion \u2013 a figure that was…<\/p>\n","protected":false},"author":1,"featured_media":2716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[70,436],"tags":[3,234],"_links":{"self":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts\/2715"}],"collection":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/comments?post=2715"}],"version-history":[{"count":0,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts\/2715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/media\/2716"}],"wp:attachment":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/media?parent=2715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/categories?post=2715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/tags?post=2715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}