Iran (Islamic Republic Of) » Business
Statistics
• Main exports: Petroleum, chemical and petrochemical products, carpets, fruits and nuts.
• Main imports: Industrial raw materials and intermediate goods, capital goods, food and other consumer goods.
• Main trade partners: Germany, Japan, China, Turkey and United Arab Emirates.
Economy
The agricultural sector is important, although output has been depressed by drought and migration of rural labour to the cities. Government policy has promoted the agricultural and light industry in order to reduce the economy’s dependence on oil and increase the influence of the private sector - about 80% of economic activity is state controlled. Annual growth is about 4.3% (2006) with unemployment at 15% (2007). The rate of inflation in 2006 was estimated at 12%.
Economic policy is dominated by the fundamental difference of approach between the elected government and the ruling clergy. Iran has developed important new links with the newly independent states of central Asia as well as Turkey and China but, more importantly, existing trade with traditional partners in Europe, Japan and the Middle East have been restored.
Business Etiquette
Office hours: Sat-Wed 0800-1600, Thurs 0900-1200 (some offices may close all day).
Business Contacts
PO Box 1148, Tadjrish, Tehran, Iran
Tel: (21) 21919.
Website: www.iranexporters.org
Iranian Trade Association in the USA
PO Box 927743, San Diego, CA 92192, USA
Tel: (619) 368 6790.
Website: www.iraniantrade.org
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Information in this section was last updated: Wed May 23 2012
