2020-November-26 10:17
Politics
2020-November-22  14:23

Iran, Europe to Boost Trade Exchanges

TEHRAN (FNA)- Iran and Europe are mulling to broaden the volume of their trade exchanges in a business forum slated to be held in mid-December, an Iranian official said.

"With the cooperation of the International Trade Center (ITC) and the support of the European Union, the Iran-Europe Business Forum will be held on December 14-16 so as to increase Iran's non-oil exports through creating the necessary platform for trade, scientific and technological cooperation," Adviser to the Head of Trade Promotion Organization of Iran Mirhadi Seyedi said.

He pointed out that the three-day meeting will focus on specialized meetings on topics related to economic and trade relations between Iran and Europe, as well as special meetings on national export strategy in the fields of industrial sectors (auto parts and petrochemicals), agricultural sectors (medicinal plants, fruits, and vegetables), tourism services and services.

"This meeting will allow Iranian and European companies to exchange ideas, expertise as well as identifying and communicating with potential business partners," Seyedi added.

He also said that Iran-Europe Business Forum will revive talks and build mutual trust between companies, adding, "Therefore, it can lead to the restoration of Iran-Europe trade relations, strengthening economic ties between the two sides, while paving the way for broader trade and investment ties."

Iran's foreign trade exchanges with Europe in the first seven months of the Iranian calendar year (March 20, 2020-October 21, 2020) amounted to 15.9 million tons worth over $8.8 billion.

Among European countries, the main export destinations were Turkey with $1.4 billion, followed by Russia, Germany, and Italy.

Iran has exported goods to 37 European countries, including Austria, Germany, Bosnia, and Herzegovina, Belgium, Switzerland, Denmark, France, Spain, the United Kingdom, Italy, the Netherlands, Sweden, Slovakia, and Norway.