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Iran targets $5b annual trade with Africa by 2025

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Head of Iran’s Trade Promotion Organization (TPO) Alireza Peyman-Pak has said the country is taking the necessary steps to increase annual trade exchanges with African countries to $5 billion by the Iranian calendar year 1404 (begins in March 2025).

Peyman-Pak said the trade with the mentioned countries is expected to reach $2.5 billion by the end of the current Iranian calendar year (March 20, 2023), IRNA reported. Referring to the preparation of the country’s trade development roadmap at the beginning of the work of the 13th administration, the official said: “In this roadmap, major factors including exports and the share of different sectors is specified.—Tehran Times

 

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