Prime Minister Ibrahim said, however, it would be difficult to stop the reliance on the US dollar.

Chinese President Xi Jinping says bilateral relations between China and Venezuela are “upgrading.”

Venezuelan President Nicolas Maduro is set to visit Chinese officials in Beijing to help enhance bilateral ties between the two countries.

Western officials are expected to warn the UAE against the export of dual-use products to Russia as the Ukraine war rages.

China has warned the US against politicizing trade issues, saying such measures will prove disastrous for the global economy.

Iran’s non-oil exports dropped by 8.5% year on year in March-August to reach $19.3 billion.

Iran’s BRICS membership creates avenues for win-win collaboration, which can help the bloc establish itself as a global heavyweight and pave way for Iran to flourish economically, says an analyst.

Chinese customs data show trade with Iran dropped by 11% y/y in January-July to $8.54 billion.

Iran eases foreign currency return requirements for exporters of hand-woven carpets

Iran is to send a commerce attaché to Sao Paulo as it seeks to expand trade ties with Latin America.