EghtesadOnline: For centuries, letters of credit have been a useful commercial instrument in global markets, facilitating trade not only for merchants but also for governments, banks and financial institutions. In recent years, the International Chamber of Commerce has introduced a new version of LC named the electronic letter of credit (e-LC).

EghtesadOnline: Chairman of Tehran Chamber of Commerce Masoud Khansari said on Tuesday after a visit to Beijing that Chinese international chamber of commerce including 500 companies expressed readiness to invest in Iranian efficiency projects especially in mines and agricultural sector.