WANA (Apr 06) – While the United States imposes a 25% tariff on imports, Iran and Finland are moving in the opposite direction—strengthening their economic relationship through a new tax agreement and a modest trade balance of $5.5 million.

 

A bilateral agreement between Iran and Finland aimed at avoiding double taxation and combating tax evasion has been submitted to the Iranian Parliament for approval. The agreement includes provisions for financial information exchange, trade facilitation, and enhanced political cooperation. Its goals are to reduce tax burdens, encourage investment, and improve economic ties, with a strong emphasis on proper implementation and oversight.

 

Recently, Donald Trump announced a 25% tariff on U.S. imports, portraying it as part of his broader tariff war and a symbol of America’s economic independence. He stressed that countries should pay for access to the U.S. market.

 

In contrast, Iran’s trade with Finland reached $5.5 million during the first 11 months of the Iranian year 1403 (ending March 2025). Imports from Finland stood at $5.2 million, while exports from Iran to Finland amounted to $0.3 million.

 

The traded goods include fire trucks, electric transformers, engine and machinery parts, books, and dates.