Iran has set up several companies in the United Arab Emirates (UAE) to increase the supply of goods to China, Majid Reza Hariri, head of the Iran-China Chamber of Commerce, told reporters on February 26, ILNA reported.
Hariri said that the United Arab Emirates is Iran’s first trading partner in terms of import volume, although the Emirates does not have its own production. Abu Dhabi, according to Hariri, has become a middleman in the import of goods to Iran from China.
Hariri suggested that thanks to the help of the Emirates, Iran’s direct trade with China in the non-oil sector will reach $30 billion by March 2024.
According to him, Iran and the UAE are currently working on de-dollarization of bilateral trade payments. He said some of Iran’s imports from China are made in yuan, as with a significant volume of export and import transactions with China, it makes no sense to introduce the dollar into trade operations.
Recall that it was previously reported that Alexei Govyrin, member of the State Duma Committee on Small and Medium Enterprises, stated that developing countries, in addition to traditional partners such as the EAEU and the CIS countries, could also become promising areas parallel cooperation. imports for Russia.
Source: Rossa Primavera
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