Mohammad Sadegh Ghanadzadeh, deputy head of Iran’s Trade Promotion Organization for services affairs, said on Thursday that trade between Iran and the BRICS countries amounts to around $60 billion annually, noting that Tehran is seeking to strengthen trade and financial cooperation with member states.
Exports and imports
Ghanadzadeh said Iranian exports to the BRICS countries amount to around $23 billion annually, compared with imports worth about $37 billion, bringing total trade between the two sides to $60 billion.
Financial cooperation and trade routes
He added that the Iranian president’s participation in the latest BRICS summit provided an opportunity to discuss a number of economic issues, including the development of international corridors, payment mechanisms, trade and financial cooperation, stressing Iran’s readiness to participate in these areas.
He said cooperation between Iran and the group’s members on transit routes, facilitating trade flows, customs coordination and payment mechanisms had become part of the issues under discussion.
Ghanadzadeh said Iran had maintained its presence at BRICS economic events despite sanctions, wartime conditions and emerging challenges in the transport and aviation sectors, stressing the importance of leveraging that presence to strengthen trade ties with member states.
