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Iran 22nd among world’s top shipping fleets: UNCTAD
In its latest maritime report dubbed “Review of maritime transport 2021”, the United Nations Conference on Trade and Development (UNCTAD) put Iran in 22nd place among the countries with the largest shipping fleet based on deadweight tonnage.
According to the report, Iran’s ranking has not changed in 2021 compared to the previous year. The capacity of Iran’s shipping fleet is more than many industrialized countries such as France, Italy, Canada, and the Netherlands, IRNA reported.
Saudi Arabia, Brazil, Sweden, Vietnam, Oman, Malaysia, Qatar, and Nigeria also have smaller shipping fleets than Iran.
The Islamic Republic currently has 246 vessels carrying the national flag and eight foreign flag vessels with a total capacity of 19.2 million tons. The total capacity of the Iranian shipping fleet has increased by 5.5 percent in 2021, according to the report.
The data indicates that the Iranian shipping fleet accounts for 0.91 percent of the world’s total shipping capacity.
UNCTAD has put the total number of the world’s commercial ships, including tankers, container ships, and bulk carriers at the end of 2021 at 99,800.
Source: UK mulling restoration of trade ties with Iran
A spokesperson for British Prime Minister Boris Johnson’s office revealed that the UK is weighing mechanisms to facilitate restoration of trade ties with Iran.
The spokesperson, who spoke on condition of anonymity, told IRNA that the UK supports the development of trade relations with the Islamic Republic.
The official said the British companies that do not have interests in the United States are not worried about the consequences of the backlash by Washington over the sanctions imposed on Iran, so they are increasingly eager to cooperate with Iran, ifpnews.com reported.
Britain is one of the parties to the Vienna talks to revive 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
The annual trade volume between Iran and the UK is estimated at £180 million.
Iran’s annual non-oil exports to neighbors hit $25b: Lawmaker
An Iranian lawmaker praised prioritizing the neighbors policy by President Seyyed Ebrahim Raeisi’s administration which led to increasing non-oil exports to the neighboring countries to $25 billion last Iranian year (March 2021-March 2022).
In an interview with IRNA on Friday, Chair of Parliament’s Industry and Mining Committee Mostafa Taheri said that the Raeisi administration has done important jobs economically in almost a year into office. During the short period, several presidents have paid visits to Tehran, signing MoUs with President Raeisi on various economic, trade, transportation, railroad and cultural issues, according to Taheri.
Iran had over $48.5 billion of non-oil exports last Iranian year, the lawmaker said.
He also noted that Iran could increase exports to Turkey by 100 percent and exports to Russia have witnessed a 30 to 40 percent growth since Raeisi took office.
Iran Air to resume Tehran-Rome flights after four years
Iran’s flag carrier Iran Air will resume direct flights between Tehran and Rome after four years of suspension and under a new agreement.
Iran Air’s Tehran-Rome flights will resume on July 14, IRNA reported.
According to the report, the route relaunch had been finalized during a meeting between Iran’s civil aviation chief Mohammad Mohammadi-Bakhsh and his Italian counterpart Alessio Quaranta. The report did not elaborate on when and where the meeting had been held.
It said Mohammadi-Bakhsh and Quaranta signed a revised version of the aviation cooperation agreement while emphasizing the need for increased flights between the two countries to help boost tourism and economic ties.
Under the new agreement, Iran Air will also increase the number of its current flights between Tehran and the Italian city of Milan, said the report.
Aviation ties between Iran and Italy took a hit in 2018 under pressure from former American government that pulled out of an international deal on Iran’s nuclear program and imposed sanctions on the country.
Italian officials refused to renew flight licenses for Iran’s second-largest airline, Mahan Air, in November 2019, a month after former US secretary of state Mike Pompeo traveled to Rome and urged Italy to ban the airline from the country’s airspace.
Iran Air’s plan to resume flights between Tehran and Rome to replace the Mahan Air route was canceled because of the coronavirus spread in early 2020, as both Iran and Italy became hotspots for the disease and imposed severe restrictions on aviation activities.
SCO can help Iran nullify sanctions: MP
An Iranian lawmaker said the country should take advantage of the potential of the Shanghai Cooperation Organization (SCO) to neutralize the sanctions and boost its exports.
In an interview with Tasnim News Agency, deputy head of the Iranian Parliament’s Development Committee highlighted the perfect opportunity that membership in the SCO would give Iran.
Kamal Alipour stressed the need to step up economic diplomacy in relation to Iran’s membership in the SCO and hold a conference to pave the way for the SCO member states to invest in the country.
Iran can use the potential of membership in the Shanghai Cooperation Organization to nullify the sanctions, raise finance for various projects, and boost the export of services, he added.
Iran is currently an observer state in the SCO, which includes eight members, four observer states and six dialogue partners.
During the organization’s 21st summit in Dushanbe in September 2021, Chinese President Xi Jinping unveiled plans to accept Iran as a full member of the Eurasian political, economic, and security alliance.
Iran has broadened its cooperation with the SCO members in recent months and is going to host the first edition of the international conference and exhibition of economic cooperation opportunities available to member states, supervisors and dialogue partners of the SCO and Iran’s neighbors, known as “Iran SCOCOEX”, in October 2022.
The exhibition will be held at the International Conference Center of Iran in Tehran with 26 SCO member states in attendance, under the auspices of Iran’s Ministry of Economy, Ministry of Industry, and Trade Promotion Organization.
Iran SCOCOEX is expected to see the participation of 250 companies from the Shanghai Cooperation Organization members.
The event is going to host key roles and decision makers representing the industrial and commercial sectors, businesses and professionals involved in improving and developing economic prosperity and trade among the SCO member states, according to the SCOCOEX organizers.
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