Iran exported non-oil commodities valued at $395 million to the United Arab Emirates (UAE) in the first Iranian calendar month of Farvardin (March 21-April 21), according to data from the Islamic Republic of Iran Customs Administration (IRICA).The IRICA data showed that the UAE was Iranís third top non-oil export destination in the mentioned month.Exporting commodities valued at $859 million to Iran, the United Arab Emirates was Iran's top source of non-oil import in the said month, the IRICA report added.As previously announced by Abolfazl Akbarpour, the deputy head of IRICA for planning and international affairs, Iran exported non-oil commodities valued at $7.2 billion to the United Arab Emirates in the past Iranian calendar year, which ended on March 20, 2025.Akbarpour said that the UAE was Iran's third top export destination in the previous year.Exporting commodities valued at $21.9 billion to Iran, the United Arab Emirates was Iran's top source of non-oil import in the previous year, the official further added.Iran and the United Arab Emirates signed a memorandum of understanding (MOU) for expanding economic cooperation in a variety of areas at the end of the two countriesí third Joint Economic Committee meeting in May 1, 2024.The MOU was signed by former Iranian Transport and Urban Development Minister Mehrdad Bazrpash and UAE's Economy Minister Abdullah bin Touq Al Marri, who co-chaired the joint meeting.During the mentioned committee meeting, the two sides stressed the need for further expansion of economic cooperation between Tehran and Abu Dhabi.Speaking at the end of the meeting, Bazrpash said: "We have held the joint committee between the two countries after 10 years, which is an opportunity to develop the commercial and economic relations between the two countries.""The UAE, as Iran's second biggest trade partner, has great strategic importance for us", the minister said.Referring to the location of Iran and the UAE in the International North-South Transit Corridor (INSTC), Bazarpash said: "Access to the markets of the north and south can create an opportunity for the two countries to cooperate."In the end, the minister emphasized solving the banking and monetary problems between the two countries to facilitate bilateral trade relations.Abdullah bin Touq Al Marri for his part underlined the importance of the meeting, saying: "Holding today's meeting shows the development and expansion of economic relations between the two countries. After China, the UAE has the largest amount of trade relations with Iran. The trade value of the two countries has reached 27 billion dollars and many Iranian companies are established in the UAE.""Creating new opportunities for transportation and banking cooperation is one of the achievements of this commission," the official said.Referring to the performance of the UAE government in the field of investment, the official said: "The approval of the law on the formation of foreign companies and the government's support for companies that operate in the field of new energies has created a good opportunity for business with the UAE."The 3rd Iran-UAE Joint Economic Committee meeting was held in Abu Dhabi from April 30 until May 1, 2024.Increasing non-oil exports to the neighboring countries is one of the major plans that the Iranian government has been pursuing in recent years.Iran has proposed the formation of a joint working committee between its Chamber of Commerce and the UAE Chambers Confederation to capitalize on the re-export potential of Iranian products through the United Arab Emirates.Speaking at the Iran Expo 2025 event, in late April, Ghadir Ghiafeh, deputy head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said the initiative would help streamline trade and improve alignment with global standards. ìTo fully benefit from the UAEís logistics and re-export infrastructure, a formal committee should be created between our chambers,î he told the Secretary General of the UAE Chambers Federation. (ICE TEHERAN)

Fonte notizia: Tehran Times