Iranian medicines fill the need to foreign products

TEHRAN- The homegrown medicine can meet the shortage of foreign products, said the acting director of the Iranian Food and Drug Administration (IFDA). 

Dietary supplement imports cut in half

TEHRAN- Imports of dietary supplements decreased by 50% in the last Iranian [calendar] year (ended on March 20) compared to its previous year, announced the head of the natural products and food supplementary department at Food and Drug Administration (FDA). 

WHO set to help Iran in supplying medical devices

TEHRAN- World Health Organization (WHO) has established a separate team for providing Iran healthcare system with required medical devices. 

120 new homegrown medicines on Iran market

TEHRAN- 120 homegrown medicines have come onto Iran’s market over the past 12 months, despite U.S. sanctions against the country, announced the director of the Iranian Food and Drug Administration (IFDA). 

Health products must have IRC as of February 20

TEHRAN- All imported and exported health products must have Iran registration code (IRC) as of February 20, announced the Islamic Republic of Iran Customs Administration (IRICA). 

Imports of milk powder permitted temporarily

TEHRAN- The Iranian agriculture minister announced that imports of milk powder is allowed temporarily for processing and re-exporting the product, Tasnim news agency reported on Friday.

South Korea receives waiver on Iranian crude oil imports

TEHRAN - South Korea has received a waiver from the U.S. to continue importing Iranian crude oil, Bloomberg reported quoting a South Korean government official as saying on Monday.

EU’s imports from Iran boost 23% in H1 on year

TEHRAN- Exports of Iranian goods to the European Union countries hit €6.11 billion in the first half of 2018, increasing 23 percent in comparison with the same time in the preceding year, European Commission press release database has reported.

$1b allocated for medicine, medical equipment imports in 4 months

TEHRAN – Since the beginning of the current Iranian calendar year (March 21), some $1 billion has been allocated for importing medicine and medical equipment into the country, Tasnim news agency reported on Sunday.

Iran bans imports of foreign handicrafts

TEHRAN – Iran has banned the import of foreign-made handicrafts in a bid to push up sales of domestically-made counterparts.

‘Pharmaceutical industry unfazed by U.S. withdrawal of nuclear deal’

TEHRAN — Given Iran’s low volume of imports in pharmaceutical and medical equipment industry, the U.S. withdrawal from the nuclear deal won’t affect the industry, the Ministry of Health spokesman said on Wednesday.

By Haniyeh Sadat Jafariyeh

Currency rate policies & foreign trade

Iranian government, as top officials have announced, is on the process of renovating its foreign currency system via managing domestic foreign currency market, reigning the currency rates, improving cooperation with exchange shops, and reinforcing exports.

Import of containerized goods to Iranian ports up 40% in 2 months

TEHRAN – Imports of containerized goods to Iranian ports increased by 40 percent in the first two months of the current Iranian calendar year (March 21- May 21, 2017) compared to the same period last year, IRNA quoted an official as saying.

Candidates decry unbridled imports as major affliction

TEHRAN – Two presidential candidates in separate statements on Monday voiced concern over unbridled import of goods into Iran as the root cause of many economic problems.

Turkey’s imports from Iran doubled in 2 months

TEHRAN- Exports of Iranian goods to Turkey doubled in January and February 2017 and reached $1.15 billion, Tasnim news agency reported.

Iran’s trade balance with U.S. positive in Jan., Feb. 2017

TEHRAN- According to the latest report of American Statistical Association (ASA), Iran-U.S. trade balance tipped in favor of Iran during January and February 2017, due to the sharp fall of the U.S.’ exports to the Islamic Republic.

Non-oil trade hits $87.6b, up 4.3% yr/yr

TEHRAN- Iran’s non-oil trade reached $87.646 billion in the past Iranian calendar year (March 2016-March 2017), an increase of 4.34 percent compared to its preceding year.

Iran’s exports to U.S. stand at $5.6m in Jan.

TEHRAN- According to the latest report of American Statistical Association (ASA), Iran exported $5.6 million of goods to the U.S. in January 2017.

Indian Essar Oil’s import of Iranian crude up 56% in 10 months

TEHRAN- Imports of oil from Iran by Essar Oil Company of India rose 56 percent to stand at about 175,600 barrels per day (bpd) in the first ten months of the contract year beginning on April 1.

Iran-U.S. trade at $258m in 2016

TEHRAN- Registering an 11-percent drop in comparison with the preceding year, Iran-U.S. trade in 2016 stood at $258 million.

Iran to open 2 credit lines in S. Korea, Turkey

TEHRAN- Iran plans to open two credit lines in South Korea’s Exim Bank and a bank in Turkey in near future, worth €175 million, to back imports from the named countries, IRNA quoted the managing director of Export Development Bank of Iran (EDBI) on Saturday.

Iran-EU trade up 66% in 10 months: Eurostat

TEHRAN - The European Union’s trade with Iran amounted to €10.3 billion in the first 10 months of 2016, a 66 percent rise year on year, based on the latest figures released by the European Union’s statistics agency Eurostat.

By Maryam Qarehgozlou

Tapping export markets can balance Iran’s pharmaceutical industry: health official

TEHRAN — Finding new overseas markets can create a balance between exports and imports of pharmaceuticals and medical equipment, the deputy health minister, Iraj Harirchi, said on Monday.

Iran-China trade at above $22b in 9 months: report

TEHRAN - China’s trade with Iran stood at $22.12 billion in the first three quarters of 2016, Tasnim news agency reported on Tuesday.

Iran exports above $58m of goods to U.S. in 8 months

TEHRAN- According to the latest data released by the American Statistical Association (ASA), the Islamic Republic of Iran has exported $58.5 million of goods to the United States in the first eight months of 2016, Tasnim news agency reported on Friday.