News ID: 256590
Published: 0951 GMT July 30, 2019

Iran, Australia discuss expansion of cooperation

Iran, Australia discuss expansion of cooperation

High-ranking Iranian and Australian officials in a meeting in Tehran on Tuesday conferred on ways to further develop banking ties and cooperation between the two countries despite the US sanctions.

The meeting was held between Deputy Governor of the Central Bank of Iran (CBI) Akbar Komeijani and Australian Ambassador to Tehran Ian Biggs, reported Fars News Agency.

Komeijani, for his part, described monetary and banking relations as the first step to develop trade ties, and said, “Iran and Australia enjoy the necessary economic capacities and banking and trade relations and, therefore, we can be hopeful about the expansion of cooperation in different fields between the two countries.”

During the meeting, Biggs stressed efforts to further improve ties with Iran, and said, “The financial relations between the two countries is not satisfactory yet and the volume of trade ties is needed to increase.”

At the end of the meeting, the two sides decided that a series of bilateral meetings be held between the two countries’ central bank governors and economy, industry and agriculture ministers to find ways to use financial channels within the framework of international laws, and in line with the expansion of economic relations.

In January, Biggs underlined the need for using the existing potentials and capacities for the further expansion of ties and cooperation between Tehran and Canberra.

“Hormuzgan Province (in southern Iran) enjoys many capacities for mutual cooperation between Iran and Australia, and it can play an effective role in facilitating trade relations between the two countries,” Biggs said in a meeting with the Governor General of Hormuzgan Province Fereidoun Hemmati in Bandar Abbas.

He added that fish breeding is one of the strong points of Hormuzgan Province, which could serve as good grounds for mutual cooperation, given Australia’s capabilities in this field.

Biggs also said that nearly 100,000 Iranian nationals live in Australia and 3,000 Iranian students are admitted by his country’s universities annually, adding that the capacity should be used to further broaden ties.



Resource: Fars News Agency
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