Iran-Georgia trade balance increases by 50 percent in 2 years

IRNA – Iranian Chairman of Iran-Georgia Joint Economic Commission Ali Rabiei said on Monday that the two countries’ exchanges over the past two years have reached $131 million, showing an increase of 50 percent.

After a meeting with Georgian Prime Minister and Minister of Finance Giorgi Kvirikashvili in Tbilisi, he told IRNA that during the meeting it was agreed to raise volume of trade transactions by twofold.

Referring to certain obstacles in the way of mutual cooperation, Rabiei also said that transit of the Iranian lorries through Georgia which has increased from 4,000 to 12,000 faced problems due to method of obtaining permissions, but it was agreed that Iranian lorries drive through the country without the need for obtaining any permission.

He further noted that Georgian premier declared during the meeting that he is pursuing monetary and banking exchanges enthusiastically.

Rabiei also proposed establishment of Iranian bank branches in Georgia but final decision thereof will be taken later, Rabiei said.

Both sides expressed their political support for each other and voiced readiness for cooperation in various fields, including economy, energy, transportation and other joint projects, Rabiei said.

Sixth Meeting of Iran-Georgia Joint Commission kicked off in Tbilisi on Monday and will continue until Tuesday.

Iran-Georgia exchanges over the past two years have reached $131 million of which $83 million are exports from Iran to Georgia.