SMSNEWS

Iran Business and Economic News in Third Week of the February Comp. Star Marine Services Original Source: www.NewsNow.co.uk

Consolidating India- ‘Seoul Keen to Keep Red meat imports at Cooperation – Analysis Good Ties with Tehran 126,000 tons since last despite Sanctions’ March India and Iran are trying to manage the TEHRAN- Some 126,000 tons of red impact on their bilateral relationship of meat has been imported to the country South Korean Foreign Minister Kang US withdrawal from the JCPOA and re- since the beginning of current Iranian imposition of sanctions on Iran. Please Kyung-wha has expressed her country’s calendar year (March 21, 2018), the visit the following link for more willingness to maintain its friendly chairman of Agriculture Committee of information: relations with the Islamic Republic of Iran Iranian Parliament announced. Please despite the anti-Iran pressures. Please visit the following link for more information: visit the following link for more http://www.eurasiareview.com/15022019- information: https://www.tehrantimes.com/news/4329 consolidating-india-iran-cooperation- 75/Red-meat-imports-at-126-000-tons- analysis/ since-last-March https://ifpnews.com/exclusive/seoul-

keen-to-keep-good-ties-with-tehran- despite-sanctions/

Iran copper cathode production increases Iranian Airports Feel the Heat

Iran produced 200,000 tons of copper cathode during March 21, 2018-January 20, 2019, which marks a 61-percent rise compared to the figure for the same time span in the Iran Airports Company logged 360,754 preceding year which was 124,000 tons. Please visit the following link for more information: takeoffs and landings during the first ten months of the current fiscal that ends in March, down 14% compared to the same http://www.iran-daily.com/News/238913.html period last year. Please visit the following link for more information:

https://financialtribune.com/articles/dome stic-economy/96694/iranian-airports-feel- the-heat Iran Records 21% Growth in Lead, Zinc Extraction

Major lead and zinc producers extracted 938,503 tons of ore during the ten months to January 20 -- up 21% compared to last year’s similar period, the Iranian Mines and Mining Industries Development and Renovation Organization said in a report. Please visit the following link for more information:

https://financialtribune.com/articles/dome stic-economy/96691/iran-records-21- growth-in-lead-zinc-extraction

New incentives for Kurdestan Exports Up, exporters that re-inject Imports Down

foreign currency to NIMA More than 1.59 million tons of goods worth $1.35 billion were exported from the western Kurdestan Province during the first ten months of the current fiscal TEHRAN – Central Bank of Iran (CBI) that ends in March, to register 45% and has unveiled a decree containing a list 63% growth in volume and value of new incentives for the country’s respectively, compared to the similar exporters that re-inject their earned period of last year. Please visit the foreign currency to Iran’s domestic following link for more information:

Forex Management Integrated System https://financialtribune.com/articles/dome (locally known as NIMA). Please visit stic-economy/96695/kurdestan-exports- the following link for more information: up-imports-down

https://www.tehrantimes.com/news/432 971/New-incentives-for-exporters-that- re-inject-foreign-currency

‘Completing 12,000 semi- Iran’s food industry Iran to discuss China finished industrial projects exports at 10% growth in hesitation in development to be facilitated’ nine months of gas field

TEHRAN – Completing 12,000 semi- TEHRAN, Feb. 16 (MNA) – Deputy Tehran, Feb 16, IRNA – Iran’s Minister of finished industrial projects with over 60 Ministry of Industry, Mine and Trade for Petroleum Bijan Zangeneh said on percent progress across Iran is a priority Industries Affairs Farshad Moghimi said Saturday that during his upcoming visit to for the ministry of industry, mining and food industry experts increased by 10% China, he will discuss the hesitation of trade, ISNA reported on Thursday in nine months of the current year China National Petroleum Corporation quoting Industry Minister Reza Rahmani. (March 21 – Dec. 21). Please visit the (CNPC) in developing Phase 11 of South Please visit the following link for more following link for more information: Pars Gas Field in southern Iran. Please information: visit the following link for more https://en.mehrnews.com/news/142585/I information: https://www.tehrantimes.com/news/43297 ran-s-food-industry-exports-at-10- 0/Completing-12-000-semi-finished- growth-in-nine-months http://www.irna.ir/en/News/83211642 industrial-projects-to-be-facilitated

Iran’s Non-Oil Exports Iran Vows to Increase Chinese CNPCI has done through Northern Border Economic Ties with Iraqi nothing for South Pars with Turkmenistan Rise by Kurdistan Phase 11 after Total exit

2.2 Times TEHRAN (FNA)- Iranian Foreign TEHRAN, Feb. 16 (MNA) – Iranian

Minister , in a Minister of oil Bijan Zangeneh is TEHRAN (FNA)- Iran has exported 37,018 meeting with Head of the Kurdistan scheduled to accompany Parliament tons of non-oil commodities via railroad Region Security Council (KRSC) Speaker Ali Larijani on his visit to Beijing through Golestan province’s Incheh Borun Masrour Barzani on Saturday, later this week to negotiate completion border crossing with Turkmenistan since reassured that expanding relations with of Phase 11 Project of South Pars with March 21, 2018, indicating a 120% jump Erbil, particularly in economic fields, is CNPCI. Please visit the following link for compared with corresponding period in atop Tehran’s agenda. Please visit the more information: last year. Please visit the following link for following link for more information: more information: https://en.mehrnews.com/news/142590/ http://en.farsnews.com/newstext.aspx?n Chinese-CNPCI-has-done-nothing-for- http://en.farsnews.com/newstext.aspx?nn n=13971127001043 South-Pars-Phase-11-after =13971127001000

Sponge iron production India imports 270,500 Growth in Iran's Copper with 27% growth exceeds bpd of Iranian oil in Production 21 million tons January

Tehran, Feb 16, IRNA - The survey of TEHRAN- India imported 270,500 Major Iranian copper complexes produced the performance of large mining barrels per day (bpd) of oil from Iran in a total of 997,535 tons of copper companies and mineral industries during January, ship tracking data reviewed by the 10 month period of this current Reuters showed. Please visit the concentrate during the 10 months to Jan. Iranian year indicates that production of following link for more information: 20 to register an increase of 4% year-on- Sponge iron surpassed the 21 million year. Please visit the following link for tons compared to the same period last https://www.tehrantimes.com/news/4330 more information: year with 27% growth. Please visit the 33/India-imports-270-500-bpd-of- following link for more information: Iranian-oil-in-January https://financialtribune.com/articles/domesti http://www.irna.ir/en/News/83211663 c-economy/96716/growth-in-irans-copper-

production

Iran Exports to Russia TEHRAN, Feb. 03 (MNA) Grow 36% – The CEO of Sri Lanka economic relations with Iran exported $533 million worth of commodities to Russia in 2018, which Yazd will improve registered a growth of 36% compared to the preceding year. Please visit the Yazd, Feb 17, IRNA – Sri Lankan following link for more information: Ambassador to Iran Mohammad Sharif Anis said on Saturday that promoting https://financialtribune.com/articles/dome economic relations between his country stic-economy/96712/iran-exports-to- and Yazd province will benefit both russia-grow-36 countries. Please visit the following link for more information:

http://www.irna.ir/en/News/83211884

Minister: Iranian ports' CEO: Investments in AFZ ‘PMO determined to rely loading, unloading grew 29% in 10 months on domestic potentials’ capacity soars to 234m TEHRAN- Regarding Iran’s need for quality and swift maritime and port tons Despite unilateral US unilateral sanctions services as well as improving the Loading and unloading capacity of on Iran, Aras Free Trade Zone (AFZ) in efficiency of such services, the country’s Iranian ports has reached 234 million northwest Iran attracted investments Ports and Maritime Organization (PMO) tons from 19 million tons four decades totaling $285.71 million in various sectors is determined to utilize domestic ago, said Iran's roads and urban during March 21, 2018-January 20, 2019, potentials and capabilities in manufacturing equipment and providing development minister. Please visit the indicating a growth of 29 percent following link for more information: related services, PMO Head compared to the figure for the same Mohammad Rastad announced on the http://www.iran- period of the previous year. Please visit opening ceremony of the 26th daily.com/News/239021.html the following link for more information: Conference on Coordination of Iranian Maritime Organizations in Tehran.

Please visit the following link for more information: http://www.iran- daily.com/News/239019.html https://www.tehrantimes.com/news/4330 75/PMO-determined-to-rely-on- domestic-potentials

Fivefold Rise in Exports via Iran faces a long road Rail From Iran's Sarakhs before using blockchain to Border Crossing evade US sanctions

A total of 231,000 tons of commodities The Islamic Republic of Iran has a long were exported to Central Asian countries way to go before it’s ready to launch a via rail from Sarakhs Border Crossing in national cryptocurrency. Please visit the the northeastern Khorasan Razavi following link for more information: Province during the first 10 months of the current Iranian year (March 21, 2018-Jan. https://thehill.com/opinion/technology/430 20), which registered a fivefold surge 276-iran-faces-a-long-road-before-using- compared with the corresponding period blockchain-to-evade-us-sanctions. of last year. Please visit the following link for more information: https://financialtribune.com/articles/domes tic-economy/96713/fivefold-rise-in- exports-via-rail-from-irans-sarakhs-border- crossing

Iran's Non-Oil Trade With Turkey Nears $3.7b Switzerland poised for Iran traded 6.93 million tons of non-oil commodities worth $3.69 billion with Turkey during broadening ties with Iran: the first nine months of the current fiscal year (March 21-Dec. 21), to register a 29.91% growth in tonnage and 6.63% decline in value compared with last year's corresponding envoy period, latest data released by the Islamic Republic of Iran Customs Administration show. Please visit the following link for more information: TEHRAN, Feb. 18 (MNA) – Swiss https://financialtribune.com/articles/domestic-economy/96733/irans-non-oil-trade-with-turkey- Ambassador to Tehran Markus Leitner nears-37b in his meeting with Iranian Minister of Economy Farhad Dejpasand on Monday expressed his country's

readiness for expansion of cooperation with the Islamic Republic. Please visit the following link for more information:

https://en.mehrnews.com/news/142663/ Switzerland-poised-for-broadening-ties- with-Iran-envoy Iran's handicrafts exports stands at $190m

Yazd, Feb 18, IRNA - Head of Iran's Cultural Heritage, Handicrafts and Tourism Organization (CHTO) Ali- Asghar Mounesan said on Monday that from early this week some dlrs. 190 million worth of handicrafts have been exported and the figure it is expected to hit dlrs. 300 million by the year end. Please visit the following link for more information: Tehran, Feb 18, IRNA – Iran’s Vice-President Rouhani inaugurates for Legal Affairs La’ya Joneidi said on Monday projects worth $1.4 billion that violation of Iran nuclear deal, officially http://www.irna.ir/en/News/83214176 known as JCPOA, was harmful to Iran. Please Iran to promote visit the following link for more information: TEHRAN- President put Chabahar port 40 major development projects worth 60 trillion rials (about $1.428 billion) into http://www.irna.ir/en/News/83214536 operation in the southern province of With US sanctions threatening Iran's Hormozgan on Sunday and Monday, IRNA No room for Iran in China- main port of Bandar Abbas, the Iranian reported. Please visit the following link for government is planning to promote more information: Pakistan economic Chabahar port which is being cooperation developed by India in a major conference on February 26, highlighting https://www.tehrantimes.com/news/433118/ the potential of the Indian Ocean port Rouhani-inaugurates-projects-worth-1-4- Islamabad can't afford bearing U.S., Saudi ire beyond India-Afghan trade alone. billion by inviting Tehran to join economic project Please visit the following link for more with Beijing, analysts believe. Please visit the information: Iran’s exit from JCPOA following link for more information:

detrimental to country: http://www.iran- https://www.aa.com.tr/en/asia-pacific/no-room- daily.com/News/239062.html Official for-iran-in-china-pakistan-economic- cooperation/1395801

Belgium resolved to Iran Parliament Allows Gov’t to Get $5 Billion Loan from widen ties with Iran Russia , Feb19, IRNA - Belgian The Iranian parliament has extended a licence allowing the government to receive a total of $5 ambassador to Iran Véronique Petit billion loan from Russia for infrastructure projects. Please visit the following link for more emphasized that despite the negative information: and challenging atmosphere created https://ifpnews.com/exclusive/iran-parliament-allows-govt-to-get-5-billion-loan-from-russia/ against the Islamic Republic of Iran, her country is determined to uphold and develop its economic ties with Iran. Iran AML Amendment in Line With Int'l Standards Please visit the following link for more The amended Anti-Money Laundering Law was finally signed into law by President Hassan information: Rouhani last month after it was studied in graphic detail by several entities, namely the http://www.irna.ir/en/News/83215731 specialized committees in government, parliament, the constitutional watchdog Guardian Council and the top arbiter, the Expediency Council. Please visit the following link for more Wood loading center of information: https://financialtribune.com/articles/business-and-markets/96762/iran-aml-amendment-in-line- exporting to Iran to be with-intl-standards constructed in Astrakhan

21 Iranian Ports Lose Steam Moscow, Feb19, IRNA - Astrakhan province governor announced that the Iran’s 21 major ports loaded and unloaded 105.9 million tons of commodities during the first 10 construction of a wood loading center for months of the current Iranian year (March 21, 2018-Jan. 20) to register a 16.95% decline the export to Iran has begun in this compared with the corresponding period of last year. Please visit the following link for more Russian region. Please visit the following information: link for more information:

https://financialtribune.com/articles/domestic-economy/96751/21-iranian-ports-lose-steam http://www.irna.ir/en/News/83215760 S. Korea ships in over Iran’s oil exports rise in early 2019 despite sanctions $100m worth of Iranian oil

Iran’s exports of crude oil were higher than expected in January and are at least holding steady in Jan. this month, according to tanker data and industry sources, as some customers have increased TEHRAN – After a five-month hiatus, purchases due to waivers from US sanctions. Please visit the following link for more South Korea imported $101.2 million information: worth of Iranian crude oil in January, http://www.iran-daily.com/News/239102.html Yonhap reported on Tuesday citing Korea Customs Service data. Please

visit the following link for more Joining Eurasian market great measure under sanctions: information: Minister https://www.tehrantimes.com/news/4331 56/S-Korea-ships-in-over-100m-worth- Tehran, Feb 19, IRNA - Minister of Energy deemed Iran's joining the Eurasian Economic Union of-Iranian-oil-in-Jan under sanctions as great measure, and emphasized the need for joint work with the Chamber of Commerce, Industries, Mines and agriculture. Please visit the following link for more Iran's Non-Oil Trade With information: Neighbors Hits $30b http://www.irna.ir/en/News/83215708 Iran traded 57.28 million tons of non-oil commodities worth $29.96 billion with its 15 neighboring countries during the first China top among Iran's trade partners 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register a China, the UAE, Turkey, Germany and India are the top exporters to Iran, accounting for over 34.34% decline in tonnage and 3.49% 50 percent of the country's imports, according to the data released by the Islamic Republic of growth in value compared with last Iran Customs Administration. Please visit the following link for more information: year’s corresponding period. Please visit http://www.iran-daily.com/News/239121.html the following link for more information:

https://financialtribune.com/articles/dome stic-economy/96772/irans-non-oil-trade- with-neighbors-hits-30b

INSTEX launch to open up Joint committee for Iran produces 46,000 tons new opportunities for development of Caspian of shrimps this year Russia: Ryabkov oil fields formed by Iran, Bushehr, Feb 20, IRNA – Director

Azerbaijan General for Shrimp and Sea Creatures in Moscow, Feb 21, IRNA - The upcoming salty waters of Iran's Fishery launch of INSTEX, the European Tehran, Feb 20, IRNA - The director Organization Vahid Madani said on mechanism of foreign trade settlements general of the Caspian Oil Company Wednesday that production of shrimps in aimed at facilitating trade with Iran said of the continuation of negotiations five provinces nationwide stood about bypassing American restrictions, is going between Iran and the Republic of 46,000 tons and it is expected the figure to open up more opportunities for Russia Azerbaijan for the development of oil to increase by three to four thousand as well, Deputy Foreign Minister Sergey and gas fields of the Caspian Sea, tons before year end. Ryabkov told TASS. Please visit the noting joint committees are active in the following link for more information: ground. Please visit the following link for http://www.irna.ir/en/News/83217044

more information: http://www.irna.ir/en/News/83217191

http://www.irna.ir/en/News/83217048