News ID: 269341
Published: 0243 GMT May 20, 2020

Rouhani suggests barter trade with Kazakhstan

Rouhani suggests barter trade with Kazakhstan

Iranian President Hassan Rouhani has proposed the idea of launching a barter system for bilateral trade with Kazakhstan.

In a telephone conversation with his Kazakh counterpart Kassym-Jomart Tokayev on Wednesday, Rouhani said a barter system for the exchange of commodities would strengthen the process of bilateral trade between Iran and Kazakhstan, IRNA reported.

The Iranian president also stressed the need to remove the obstacles to the road and rail shipping for transportation of freight between the two countries, strengthen banking cooperation, and finalize an agreement on facilitating the visa application process for travelers and business people of the two countries.

The president also hailed the economic relations between Iran and Kazakhstan and their mutual cooperation within the framework of the Eurasian Economic Union (EEU), adding, “I hope we will properly enhance relations between the two countries after overcoming the coronavirus and even in the current conditions in compliance with the health instructions.”

The two presidents further voiced readiness to boost trade exchanges via the Caspian Sea, saying the road ministers of the two sides are tasked with pursuing the initiative.

President Rouhani and President Tokayev also deplored the illegal US sanctions that have adversely affected the lives of people amid the coronavirus outbreak, calling for the removal of the sanctions.

Citing numerous problems that the coronavirus pandemic has created in the world, the two presidents emphasized the necessity of sharing experiences in the fight against the contagious disease.

They also agreed that the health ministries of Iran and Kazakhstan would promote mutual cooperation in the battle with COVID-19, considering the Iranian export of medical supplies such as ventilators, N95 masks and serology testing kits.

The Iranian administration has stepped up efforts in recent years to expand economic ties with the Central Asian countries and the EEU members – Kazakhstan, Armenia, Belarus, Kyrgyzstan and Russia.

In 2018, President Rouhani and his former Kazakh counterpart Nursultan Nazarbayev weighed plans for trade exchanges between the two countries using their own currencies, namely the rial and tenge.


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