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In page Economy of Iran:

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Since the mid-1990s, Iran has increased its economic cooperation with other developing countries in "South–South integration" including Syria, India, China, South Africa, Cuba, and Venezuela. Iran's trade with India passed $13 billion in 2007, an 80% increase within a year.[citation needed] Iran is expanding its trade ties with Turkey and Pakistan and shares with its partners the common objective to create a common market in West and Central Asia through ECO.[citation needed]