Iran, Thailand agree to bolster economic ties

Financial Tribune – Majlis Economic Commission coordinated a meeting between a Thai economic delegation and the Central Bank of Iran to inform the former of Iran’s economic regulations and latest statistics.

Chateaudun Naitasiri, the head of Economy and Finance Commission of the National Legislative Assembly of Thailand, headed the Thai delegation that consisted of representatives from the National Legislative Assembly of Thailand and a number of important Thai businessmen.

Peyman Qorbani, CBI’s deputy for economic affairs, explained Iran’s economic situation to the Thai delegation while referring to the satisfactory economic relations between the two countries and calling for boosting bilateral business ties, CBI’s website reported.

The CBI official talked about Iran’s significant economic growth and its huge potential, such as the 28-million-strong young workforce ready to enter the market.

“In order to comply with global standards, the parliament approved the countering of financing of terrorism law while the CBI ordered banks to report their balance sheets in line with International Financial Reporting Standards,” he said.

The Thai delegation expressed interest in easing the bilateral payment process since tourism ties are developing between the two countries.

The head of Thai delegation also discussed expansion of bilateral relations with Mohammad Reza Pour-Ebrahimi, the head of Majlis Economic Commission, on Tuesday.

The Iranian official said the two countries should benefit from the opportunities emerging after the implementation of JCPOA (the formal name of Iran’s nuclear deal with world powers).

“To boost business ties, the two countries’ private sectors need to have close relations and we, as representatives of people, announce our intention to facilitate the process and resolve legal issues,” Pour-Ebrahimi added.

The head of Thai delegation said tourism, energy and agriculture sectors in Iran have great potentials and Thailand is interested in boosting relations in these sectors.

“Thai investors are eager to enter Iran’s market due to the country’s climatic diversity and frontier market status, therefore hurdles on the way need to be removed,” he added.

Naitasiri noted that banking relations need to improve further to witness a fast and easy money transfer between Iran and Thailand.