Iran, Tatarstan trade turnover increases 25%

Moscow, IRNA – Iran’s Consul General to Kazan, Russia, Davoud Mirzakhani, has said that the trade turnover between Tatarstan and Iran during 2023 has increased by 25% compared to the same period of the previous year, reaching $200 million.

In an interview with Russia's Tatar-Inform news agency, Mirzakhani said that the volume of trade between Iran and the Republic of Tatarstan in 2022 was about $182 million.

Referring to the signing of the free trade agreement between the Islamic Republic of Iran and the Eurasian Economic Union, of which Russia is a member, he said that by the implementation of this agreement after its approval in the parliaments and the removal of the customs tariff on about 7,000 items of goods, bilateral trade is expected to increase significantly.

Stating that Iran has achieved 97% self-sufficiency in the production of medicine, he added that Iran has achieved good global ranks in the production of petrochemical products, agriculture, steel, cement, copper, and car production, and is the 17th largest economy in the world.

Iran’s Consul General to Kazan emphasized that Iran has not achieved these improvements in a normal situation and a calm geopolitical environment, but it has achieved them under the most severe US sanctions, which is a very important point.