19 Apr 2024
Wednesday 19 August 2015 - 18:11
Story Code : 176773

Ukraine economy minister due in Iran for trade talks

Ukraine economy minister due in Iran for trade talks
Ukraine's minister of economy and trade says he will soon pay an official visit to Iran to discuss the existing grounds for economic and trade cooperation between the two countries.

The announcement by the Ukrainian minister comes at a time that high-ranking officials from other European countries have already visited Iran following the conclusion of the Islamic Republics nuclear talks with the P5+1 group of countries in the Austrian capital, Vienna, on July 14.

Speaking to a cabinet meeting in the Ukrainian capital, Kiev, on Wednesday, Aivaras Abromavicius said his three-day visit to Iran is scheduled to start on September 14, AFP reported.

The minister added that during his trip to Iran, he will be heading a delegation consisting of a "large group of industrial leaders" as well the Ukrainian agriculture minister.

On September 14-16, I'm likely to go [to Iran] with the agricultural minister and a large group of entrepreneurs and industrialists to establish cooperation with the country, he was quoted by the Interfax News Agency as saying.

Abromavicius stated that his country is willing to "improve relations with (Iran) after what we hope will be the lifting of sanctions by the US Congress."

The minister added that when international sanctions against Iran are lifted, there will be huge opportunities for cooperation between the two countries, adding, Last week we discussed the cooperation directions with the [Iranian] ambassador [to Kiev]. Mainly it concerns companies on metro engineering and other types of engineering."

On July 14, Iran and the P5+1 group of countries the US, the UK, Germany, France, China, and Russia reached the conclusion of negotiations over Tehrans civilian nuclear program, with the Islamic Republic and the sextet sealing an agreement, known as the Joint Comprehensive Plan of Action (JCPOA).

Based on JCPOA, the sextet agreed to remove all sanctions imposed on Irans economic and energy sectors in return for certain restrictions in Iran's nuclear program.

According to Ukraines state statistics service, the volume of trade between the two countries stood at USD 756 million last year with Ukraines exports to Iran accounting for more than 90 percent of that figure.

By Press TV
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