Like almost everywhere in the developed and developing world, internet based start-ups are mushrooming in Iran. The services offered through virtual sphere and mobile applications range from online shopping stores to online food deliveries, e-bakeries, taxi and transportation applications, online bookstores and libraries, laundry applications, courier applications, e-ticketing for cinemas, theater performances, music concerts, etc.
“In the name of Allah”
Undeniable benefits of renewable energies for mankind as well as environment is no longer overcast for the states. As an emerging sector of international industry and investment in Iran which has casted a rapid development particularly in the recent years, renewable energy has become one of the most appealing scopes to foreign investors in a sense that over 3 Billion Dollar investment in the renewable energy sector has been requested by the foreign investors until January 2017 according to the Energy Minister of Iran which has also been registered in the Foreign Investment Deputy of Ministry of Economy and Finance.
Free Trade Zones:
According to article 1 of The Law on the Administration of Free Trade – Industrial Zones of Islamic Republic of Iran”(LAFTIZ)” the government is authorized to administer the following zones as the Free Trade-Industrial Zones in accordance with ” LAFTIZ” and the other legal principles in order to accelerate the accomplishment of infrastructures, development, economic progress, investment, increase of public income, creation of productive employment, regulating of goods and labor market, to be actively present in regional and world market and to produce and to export the industrial and processing goods as well as rendering public services.
In September 2016, the Islamic Consultative Assembly of Iran ratified[1] the Act of Membership of Islamic Republic of Iran in the Asia Infrastructure Investment Bank (AIIB), a Multinational Development which is governed under China’s leadership.
Fifty-seven founding members have signed the Articles of Agreement since it was opened for signature on June 29, 2015. Remaining Signatories that have not yet deposited their instruments of ratification but they are expected to do so shortly and become members thereafter.[2] The Articles were signed in English, Chinese and French texts, which are equally authentic and consists of 60 Articles.
The delocalisation of international commercial arbitration has been known as a consequence of the need for the harmonisation of the world economy, and in the trend away from national jurisdiction. The growing number of international transactions causes an increase in the occurrence of the application, notably by arbitral tribunals. Delocalisation theory is based on the idea of freeing international arbitration from the law of the place of arbitration, or the lex arbitri.
One of the key policies of the IRI government in the recent years has been towards combating smuggling in a way that different directives have been adopted by the Ministry of the Industry, Mine and Trade with the aim of protection of consumers and regulating the market specially in terms of importation of the foreign branded products.
International Joint Banks of Iran, 5th Bi-Monthly N & A (January 29, 2015) According to wantchinatimes.com on January 28, 2015:
Iran and Russia are mulling a joint bank to settle their mutual trade payments, said Iran’s ambassador Tuesday on Press TV.
“Both sides plan to create a mutual bank or a mutual account to make payments in (Iranian) rials and (Russian) rubles,” ambassador Mehdi Sanaei said.
Sanaei’s remarks came two days after Gholamali Kamyab, the deputy governor of the Central Bank of Iran (CBI), announced Iran’s plans to sign “bilateral monetary treaties” with some countries.
Iran is not using the dollar “in its transactions with different countries,” Gholamali Kamyab said, adding that “Iran is using other currencies like China’s renminbi, Turkey’s lira, Russia’s ruble and South Korea’s won in its trade transactions with the countries.”
Biosimilars and Protection of Their Ownership, 20th Bi-Weekly N & A (January 22, 2015)It is reported on the website of http://cinnagen.com:
Signature of the first technology transfer contract in the field of biopharmaceutical production between Iran and Turkey with presence of Iran food and drug organization president.
For the first time, CinnaGen pharmaceutical company as the leading biopharmaceutical producer in Iran and the Middle East has managed to transfer the production technology of MS (Multiple Sclerosis) medicine known as ReciGen® from Iran to Turkey.
Iran-Turkey Preferential Trade Agreement, 19th Bi-Weekly N & A (January 7, 2015) According to Tehrantimes.com on December 31, 2014:
TEHRAN – The preferential trade agreement, which was signed last year between Iran and Turkey, goes into force on January 1, 2015….
In January 2014, Iran and Turkey signed the agreement with the goal of boosting bilateral trade. The agreement was signed during Turkish Prime Minister Recep Tayyip Erdogan’s visit to Iran.
According to the agreement, 125 items of Iranian goods and 140 items of Turkish goods will be traded based on preferential tariffs as of January 1, 2015.
According to Zawya.com on December 20, 2014:
Iran-China Joint Chamber of Commerce Chairman Asadollah Asgaroladi said that China has financed several Iranian projects.
“We agreed to receive our money in the form of goods and finance,” the official explained, Iran’s Mizan News Agency reported on Dec. 16.
“The country has no debt to us anymore, except for the goods,” he said.
“Bank of Industry and Mine, Parsian, and Pasargad banks are currently working in this regard,” the official explained.
