WTO & Iran The Main Export & Import Of Iran

Shahrokh Firouzi ID : I201221015

Content
Looking at the WTO
History of Iran & WTO Main Export Of Iran

Main Import Of Iran

looking at the WTO

There are a number of ways of looking at the WTO :
Its an organization for liberalizing trade Its a forum for governments to negotiate trade agreements Its a place for them to settle trade disputes It operates a system of trade rules

looking at the WTO

The first step is to talk. The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTO's current work comes from the 1986-94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT).
Where countries have faced trade barriers and wanted them lowered, the negotiations have helped to liberalize trade.

looking at the WTO

WTO helps to settle disputes : This is a third important side to the WTOs work. Trade relations often involve conflicting interests.

Iran Position in the World

History of Iran & WTO

Iran officially submitted an application to join the World Trade Organization (WTO) on 19 July 1996
From July 1996 to May 2001, Irans application had not been considered and application had been blocked by the United States due to concerns about Tehran's nuclear program.

History of Iran & WTO

From May 2001 Irans application for WTO membership has been brought up 22 times. At the 22nd time, on 26 May 2005, Irans application for WTO membership was approved by the organizations members.
Thus the process of Irans membership in the WTO started.

History of Iran & WTO

After that, Iran became WTO observer member and started the process of full membership in the organization
In November 2009 Iran submitted the Foreign Trade Regime Memorandum as the process of accession entered a new phase.

Main Export Of Iran

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), ranks among the world's top four holders of both proven oil and natural gas reserves. In 2010, Iran was the third-largest exporter of crude oil globally after Saudi Arabia and Russia.
Iran has the world's second largest natural gas reserves but the sector is under-developed and used mostly to meet domestic demand. Natural gas accounts for 54 percent of Iran's total domestic energy consumption

Main Export Of Iran

Main Export Of Iran

Crude Oil
263 211 175 137 115 104 98 60 46 37
Source : Oil and Gas Journal

Top Proven Oil Reserves of January 1,2011

$Billion Barrels

According to Oil & Gas Journal, as of January 2011, Iran has an estimated 137 billion barrels of proven oil reserves, 9.3 percent of the world's total reserves and over 12 percent of OPEC reserves.

Saudi Arabia

Venezuela Canada

Iran

Iraq

Kuwait

UAE

Russia

Libya

Nigeria

Main Export Of Iran

Iran was OPEC's second-largest producer after Saudi Arabia. In 2010, Iran produced approximately 4 million barrels (bbl) of total liquids per day, of which roughly 3.7 million bbl/d was crude oil, equal to about 5 percent of global production.

Main Export Of Iran

Main Export Of Iran

In 2010, Iran exported approximately 2.2 million bbl/d of crude oil. Oil exports provide half of Iran's government revenues, while crude oil and its derivatives account for nearly 80 percent of Iran's total exports.

Source: Global Trade Atlas, U.S. Energy Information Administration

Main Export Of Iran

Natural Gas :
1680
Source : Oil and Gas Journal

Top Global Proven Natural Gas Reserves by Country 2011

$Trillion Cubic feet

1046 896

275

245

228

187
Nigeria

According to Oil & Gas Journal, as of January 2011, Iran's estimated proven natural gas reserves stood at 1,046 trillion cubic feet (Tcf), second only to Russia.

Russia

Iran

Qatar

Saudi Arabia

USA

UAE

Main Export Of Iran

Other Main Export of Iran : According to the CIA , some major imports of Iran include:
Chemical and petrochemical products fruits and nuts (Pistachio, Saffron,) carpets

Main Export Of Iran

Major Trading Partners Of Iran

Primary export partners of Iran 2010

1- China 2- India 3- Japan 4-Turkey 5- South Korea 6- Italy 16.2% 12.6 % 9.9% 6.8% 5.7% 5.3%

Main Import Of Iran

Import commodities :
industrial raw materials and intermediate goods (Material or item that is a
final-product of a process, but is also used as an input in the production process of some other good. For example, sugar is consumed directly as well as in the manufacture of food products)

capital goods (include factories, machinery, tools, equipment, and various buildings which are
used to produce other products for consumption)

foodstuffs and other consumer goods technical services

Main Import Of Iran

The five main imports of Iran in 2011
1

Machinery, mechanical appliances and parts, transport equipment (2011) : Cast Iron, Iron and Steel (2011) :

Value: 11.5 $ Billion 18.55% of Total Value: 7.6 $ Billion 12.37 % of Total Value: 3.9 $ Billion 6.32 % of Total

2
3

Electrical apparatus and machinery and parts (2011) : Mineral oils and fuels (2011) :
Cereal (2011) :

4
5

Value: 3.9 $ Billion 6.3 % of Total Value: 3 $ Billion 4.82 % of Total

Main Import Of Iran

Major Trading Partners Of Iran

Primary import partners of Iran 2010

1- China 2- UAE 3- Germany 4-South Korea 5- Russia 6- Turkey 7- Italy 17.4% 16.7 % 7.6% 6.3% 5.7% 4.8% 4.2%

Main Import Of Iran

U.S.-Iran Trade
Trade is still thriving between the United States and Iran, despite harsh international sanctions. In 2011, Iran imported $229 million worth of American goods, everything from beauty products to bull semen, according to U.S. Census Bureau statistics.

Iran announced its intention in March to purchase 120,000 tons of wheat from the United States.

Main Import Of Iran

Iranian imports of U.S. goods in 2011
Butter Bull semen Insulin Ultrasonic scanning apparatus Vaccines for veterinary medicine $11,204,167 $7,247,147 $6,670,859 $1,180,369 $452,775

Artificial teeth
Milk and cream Antibiotics

$297,340
$260,000 $192,149

Chewing gum
Data From http://iranprimer.usip.org

$164,228

Total Trade Of Iran

Data From : http://www.asriran.com

Thank you for

your attention