Iran has an economic growth rate between five and eight per cent for 2016-2020 period. It is one of the main markets of Middle East and it is the 19th largest economy in the world regarding GDP.
It can be affirmed that Iran is the most important country in the Persian Gulf, because of its market as well as the features of it.
Iran has signed an agreement to sell another million oil barrels to the Spanish oil company Repsol, figure that raises the volume of Iranian oil imports by Europe.
MUNTRADE attended to "Iran Agrofood 2016", a fair celebrated in Iran from 30th May to 2nd June in the International Permanent Fairground of Teheran (Iran). Many Spanish companies in the agri-food sector and farm supply industry showed their quality products in the most important country of the Persian Gulf because of its huge market as well as the characteristics of it. Accordingly, they have wanted to take advantage of the great potential of Iranian economy after international sanctions were lifted.