EghtesadOnline: Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

EghtesadOnline: Iran traded 9.48 million tons of non-oil commodities worth $6.16 billion with the UAE during the first five months of the current fiscal year (March 21-Aug. 22), registering a 2.08% and 3.39% decline in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.

EghtesadOnline: The new approach adopted by Iranian and Emirati authorities toward deescalating tensions and protecting regional security could help improve trade between the two neighboring countries in the current fiscal year (2019-20) compared with last year.

EghtesadOnline: The latest US sanctions against Iran are forcing many Iranian businesses in the UAE, which has recently become a trade hub of Iranian goods, to move to other countries like Turkey and Qatar.