TEHRAN  -  Deputy Head of Iran’s Trade Promotion Organization Muhammad Sadegh Ghanadzadeh has said that Iran conducts annual trade with BRICS countries worth around $60 billion. 
Iranian exports to the group’s countries account for around $23 billion, while imports from BRICS countries amount to $37 billion.
Ghanadzadeh noted that Iran continues to actively participate in BRICS economic events. This presence should be used to further expand trade ties.
At the latest BRICS Summit, discussions focused on the development of international transport corridors, trade expansion, financial cooperation and mechanisms for mutual settlements. Iran expressed its readiness to participate in implementing these areas. The report also highlights the development of transit routes, simplification of trade procedures, coordination of customs operations and improvement of payment mechanisms among the priorities.