WTO & Iran

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Shahrokh Firouzi

ID : I201221015

WTO & IranThe Main Export & Import Of Iran

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Content

Looking at the WTO

History of Iran & WTO

Main Export Of Iran

Main Import Of Iran

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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

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looking at the WTO

The first step is to talk. The WTO was born out ofnegotiations, and everything the WTO does is the resultof negotiations.

The bulk of the WTO's current work comes from the1986-94 negotiations called the Uruguay Round andearlier 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 liberalizetrade.

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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.

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Iran Position in the World

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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 nuclearprogram.

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From May 2001 Irans application for WTO membershiphas been brought up 22 times.

At the 22nd time, on 26 May 2005, Irans application forWTO membership was approved by the organizationsmembers.

Thus the process of Irans membership in the WTOstarted.

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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.

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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 gasreserves. 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

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Main Export Of Iran

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Main Export Of Iran

263

211

175

137115

104 98

60 46 37

Saudi

Arabia

Venezuela Canada Iran Iraq Kuwait UAE Russia Libya Nigeria

Top Proven Oil Reserves of January 1,2011

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.

$Billion BarrelsSource:OilandGasJourn

al

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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 millionbbl/d was crude oil, equal to about 5 percent of globalproduction.

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Main Export Of Iran

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Main Export Of Iran

In 2010, Iran exported approximately 2.2 million bbl/d ofcrude oil. Oil exports provide half of Iran's government

revenues, while crude oil and its derivatives account fornearly 80 percent of Iran's total exports.

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

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1680

1046

896

275 245 228 187

Russia Iran Qatar Saudi Arabia USA UAE Nigeria

Top Global Proven Natural Gas Reserves by Country 2011

Main Export Of Iran

$Trillion Cubic feetSource:OilandGasJourn

al

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

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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

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Major Trading Partners Of Iran

Main Export Of Iran

1- China

2- India

3- Japan

4-Turkey5- South Korea

6- Italy

Primary export partners of Iran 2010

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Main Import Of Iran

Import commodities :

industrial raw materials and intermediate goods (Material or item that is afinal-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 areused to produce other products for consumption)

foodstuffs and other consumer goods technical services

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Main Import Of Iran

Machinery, mechanical appliances andparts, transport equipment (2011) :

Value: 11.5 $ Billion 18.55% of Total

Cast Iron, Iron and Steel (2011) : Value: 7.6 $ Billion 12.37 % of Total

Electrical apparatus and machineryand parts (2011) :

Value: 3.9 $ Billion 6.32 % of Total

Mineral oils and fuels (2011) : Value: 3.9 $ Billion 6.3 % of Total

Cereal (2011) : Value: 3 $ Billion 4.82 % of Total

The five main imports of Iran in 2011

1

2

3

4

5

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Main Import Of Iran

Major Trading Partners Of Iran

1- China

2- UAE

3- Germany

4-South Korea5- Russia

6- Turkey

7- Italy

Primary import partners of Iran 2010

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Main Import Of Iran

U.S.-Iran TradeTrade is still thriving between the United States and Iran, despite harshinternational sanctions. In 2011, Iran imported $229 million worth ofAmerican goods, everything from beauty products to bull semen, accordingto U.S. Census Bureau statistics.

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

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Main Import Of Iran

Iranian imports of U.S. goods in 2011

Butter $11,204,167

Bull semen $7,247,147

Insulin $6,670,859

Ultrasonic scanning apparatus $1,180,369

Vaccines for veterinary medicine $452,775

Artificial teeth $297,340Milk and cream $260,000

Antibiotics $192,149

Chewing gum $164,228

Data From

http://iranprimer.usip.org
http://iranprimer.usip.org/http://iranprimer.usip.org/http://iranprimer.usip.org/http://iranprimer.usip.org/

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Total Trade Of Iran

Data From :

http://www.asriran.com
http://www.asriran.com/http://www.asriran.com/

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Thank you for

your attention

Documents

WTO & Iran