According to Mohammad Rezvanifar, head of the Islamic Republic of Iran Customs Administration (IRICA), trade between Iran and OIC member states reached 42.3 million tons in the first five months of the current Iranian year, marking a 10% increase from the same period last year. Iran exported 33.6 million tons of non-oil goods worth $13.5 billion and imported 8.7 million tons of commodities valued at $13.2 billion. Exports to OIC countries saw a 16% increase in value and an 8% increase in weight, while imports grew by 18% in weight and 15% in value. Key trade partners included the UAE, Turkey, Iraq, Pakistan, and Oman. Additionally, Gholam-Hossein Shafeie, former head of the Iran Chamber of Commerce, emphasized the need for establishing a common Islamic market among OIC members within the next decade, suggesting the removal of trade barriers and the establishment of a free trade agreement to enhance economic cooperation.
Please find original version of article below:
https://www.tehrantimes.com/news/503401/Iran-s-trade-with-OIC-member-states-rises-15
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