Official declares outline of Iran-Russia trade agreement

TEHRAN (FNA)- Iranian Deputy Minister of Industries, Mines and Trade Mojtaba Khosrowtaj declared the contents of a trade agreement signed recently between Tehran and Moscow.

“Setting preferential tariffs for some goods, exports guarantee permits and visas for businessmen are among the topics of our agreement with Russia,” Khosrowtaj said, addressing the Iran-Russia Trade Conference in Tehran on Wednesday.

He reiterated that the two countries have agreed that their private sectors should play a more active role in trade exchanges between the two countries, and said, “A Russian bank is presently active in importing goods from Russia and the two countries’ central banks are negotiating to involve more banks in the two countries’ trade exchanges.”

Khosrowtaj pointed to Russia’s over 800-billion-dollar foreign trade balance, and said, “Russia’s exports volume exceeded $500 billion in 2013 and it imported around $300 billion worth of commodities in the same period which was a big market for the European and American countries and now this capacity has been released to Iran.”

He referred to the visa barrier as another topic touched in the agreement between the two countries, and said the two states have agreed to facilitate visa issuance for each other’s nationals.

The deputy trade minister further pointed to Moscow’s needs to farming and agro imports from Iran, and stated, “Russia has taken up to prepare a list to inform the Iranian companies of its needs to basic and agricultural products.”

Khosrowtaj noted that supply of basic and raw materials for the production of different aluminum sheets, iron sheets and timber is also among the other areas that Iran’s private sector can help Russia.

Last month, Tehran’s Ambassador to Moscow Mehdi Sanayee underlined that Iran and Russia are planning to considerably increase the volume of their trade transactions by the next year.

“Tehran and Moscow have agreed to increase the volume of their trade exchanges to over $15 billion by 2015,” Sanayee said, addressing a conference at Moscow Transportation University.

He noted that Tehran and Moscow share many commonalities in the region and also the international arena.

Also in September, Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak in a meeting in Tehran signed a high-profile economic cooperation agreement.

During the meeting in the Iranian capital, Zanganeh and Novak also underlined the need for further mutual cooperation between the two countries in economic and energy fields.

Zanganeh announced that the value of trade exchanges between Tehran and Moscow stood at $5.1 billion in the last Iranian year (ended March 21, 2014), while the figure can grow ten-fold in future.

“The value of Iran-Russia trade exchanges which hit $5.1 billion last year can be increased by 10 times,” Zanganeh said, addressing Iran-Russia Trade Conference in Tehran.

Addressing Iranian businessmen, Zanganeh said, “Russia is a big market with high demand and rapid economic growth for us and we have many world quality goods and services which can meet the increasing needs of that country.”

Addressing the same conference, Novak underlined that his country is willing to implement joint projects and ventures with Iran and boost the two countries’ trade value to $10 billion.

“We will boost the level of the two neighboring countries’ trade transactions to $10 billion,” Novak said.

Novak underlined that the Iranian and Russian private sectors are so interested in trade exchange that 80 Russian businessmen representing 40 companies have attended the conference, each of whom introduces a service or equipment to the Iranian companies.

He noted that the Russian companies participating in the conference are specialized in nanotechnology, electronics, nano-electronics, atomic power stations, aviation and airplane equipment.

Novak pointed to the willingness of Iran and Russia to strengthen their relations in the recent decades, and said, “Russians’ partnership in the construction of Isfahan Steel Mill, power plants and Bushehr Nuclear Power Plant which started in the second half of the 20th Century indicates good cooperation between Iran and Russia.”

The Russian energy minister also reminded Tehran and Moscow’s similar diplomacies towards Afghanistan, Syria, Iraq and Caspian Sea as a launchpad for the further expansion of relations.

He also expressed Moscow’s willingness to supply Iran with plane parts and equipment, and transportation, oil and gas and atomic power plants equipment.

Novak said both Iran and Russia have strong determination to implement joint projects and set up joint ventures, adding, “The two countries will hold a trade meeting in Moscow to continue their talks.”

He also mentioned that Iran and Russia have intensively worked to remove obstacles such as method of payment of trade exchanges.

Iran-Russia trade currently totals $5bln a year, but economists say the two countries can multiply the volume of their trade exchanges.

By Fars News Agency


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