News ID: 302284
Published: 0311 GMT April 18, 2021

Tehran, Belgrade keen on boosting industrial, trade ties

Tehran, Belgrade keen on boosting industrial, trade ties

Iran and Serbia agreed to expand cooperation in the fields of industry, mining, investment and increase the level of foreign trade.

In a meeting with Serbian Foreign Minister Nikola Selakovic held in Tehran on Sunday, Hamid Zadboum, the head of Iran’s Trade Development Organization (TPO) said the cooperation in the fields of industry, energy and agriculture and is very important, IRNA reported.

Iranian businessmen are interested in expanding trade with Serbia, Zadboum said calling for the finalization of the plan in the field of economic and trade development.

The TPO head added that by finalizing the preferential trade agreement, the two sides can pave the ground for a free trade agreement in the future.

Serbia and the Balkans are the gateway to the European market for Iran, noted the official adding that the 80-million market of Iran and neighboring countries has created an opportunity for cooperation of private sectors of the two countries.

He said the corona pandemic reduced international trade last year including Iran's trade with Serbia.

“With the efforts of both sides, the 16th meeting of the joint commission of the two countries will be held in 2021 in Tehran in the best way and we will achieve the targeted goals,” Zadboum added.

In this meeting, the Serbian FM pointed to the existing potentials in the relations between the two countries in the fields of economy and industry and hoped the visit help increasing the trade between the two countries.

Selakovic added that an extensive presence of foreign companies, including European and Chinese, in industrial areas such as the automotive, dairy and mining industries of Serbia, has led to establishing favorable trade conditions for the country.

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