The Iran Project

VP: Moscow favors Iran’s increased presence in Russian economy, trade market

TEHRAN (FNA)- Iran’s First Vice-President Eshaq Jahangiri said Russia is very interested in widening Iran’s partnership and increased role in its economic and trade sectors.

“The Russians are strongly willing and eager to see Iran’s presence in their markets,” Jahangiri said, addressing a conference on the National Export Day on Sunday.

He said that Iran’s exports should not be limited to raw materials, but the country should also export commodities with high value-added.

Jahangiri reiterated that the government is trying hard to pave the way for Iran’s increased exports, and said, “We will soon hold a session with exporters in the presence of (Iranian) bank managers to study and resolve their problems.”

On Wednesday, 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.

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.

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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