Iran’s non-oil export to Qatar up 24% in 10 months on year.
The value of Iran’s non-oil export to Qatar increased by 24 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, the spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade announced.
Ruhollah Latifi said that Iran exported non-oil commodities valued at $112.416 million to Qatar in the ten-month period.
During a meeting between Iranian Finance and Economic Affairs Minister Abdolnaser Hemmati and Qatari Minister of Finance Ali Ahmed Al-Kuwari, on February 17, the two sides discussed the ways to expand the economic and financial relations between the two countries.
The meeting was held on the sidelines of the AlUla Conference for Emerging Market Economies, held in AlUla city.
The 10th Iran-Qatar Joint Economic Committee meeting concluded on December 12, 2024, in Doha, with officials from both nations pledging to enhance bilateral economic ties and increase trade to $1.0 billion annually.
Ali-Abadi emphasized the strategic importance of the partnership, saying, “Today’s economic relations between Iran and Qatar require a strategic outlook.” He noted that current trade between the two countries stands at approximately $200 million annually, with plans to increase it fivefold to $1 billion in the near future.
The official further highlighted a significant energy project involving a 200-kilometer undersea power line to connect Iran and Qatar’s electricity networks. Initiated in March 2023, the feasibility study is in its final stages, with implementation set to follow approval.
Source: TEHRANTIMES