DHAKA: The US exported over $140.5 million worth of products to Iran during the first half of 2015, a 60 percent rise from $88 million in the same period of time in 2014.

The latest report released by the US Commerce Department says, Tehran Times publishes this report on Saturday.

The US had no imports from Iran during January-June 2015, the Tasnim News Agency reported on Friday.

According to the report, the US exported $28.2 million of products to Iran in the 6th month of 2015, a 60 percent rise year on year.

Iran is now in the 113th place among the US trading partners, compared to 138th place in 2014.

The Iran-US trade totaled $182.1 million in 2014, with one hundred percent of the sum related to US exports to Iran.

The value of trade between Iran and the US dropped 42 percent in 2014 from 2013.

On May 23, Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamreza Shafei said the Iranian government has given the green light to private business owners to forge trade ties with their American counterparts.  

He said the government had ‘advised’ for initial connection between the two countries’ private sectors before formal trade links could take shape.

‘Unofficial connections could pave the way for establishment of joint chambers of commerce between Iran and America,’ the official stated; adding that the idea of setting up a joint chamber of commerce with the Americans is being mooted for 10 months now.

BDST: 1843 HRS, AUG 08, 2015
RR