Trade agreements: False promise of greater income

Iran and Pakistan plan to increase annual volume of bilateral trade to $5 billion.

European stock markets have experienced their worst day of trading since 2008. Shares were down significantly in France, as they have been for nearly a week.

A delegation of 30 representatives of oil, gas and construction industries from South Korea is visiting Iran in a hunt for new business opportunities following the conclusion of nuclear talks.

A large South Korean delegation, headed by Minister of Land, Transport and Infrastructure Yoo Il-h, will visit Iran to discuss new business opportunities in the country, the Yonhap news agency says.

Iran will be sending its “biggest” trade delegation within a month to Greece to discuss reviving business relations, head of the Iran-Greece joint chamber of commerce says.

Recent escalation of violence between Turkish security forces and PKK militants has taken its toll on cross-border trade with Iran, dealing a serious blow to land transportation.

Indian officials say the country is preparing to clear $6.5 billion of dues it owes to Iran for oil import in tranches.

Iran has denied media reports about plans to set up a joint chamber of commerce with the US after the conclusion of nuclear talks last month.

Iran's Ambassador to Germany Ali Majedi says Tehran wants German firms to manufacture top-quality products in the country.