News ID: 315552
Published: 0207 GMT August 14, 2021

Infrastructure improvement a must for trade with neighbors: Official

Infrastructure improvement a must for trade with neighbors: Official

The head of Iran-Russia Joint Chamber of Commerce said that improving the country’s infrastructure is a prerequisite for developing trade relations with the neighboring countries.

Hadi Tiz’housh-Taban noted that trade with neighboring countries shortens the distance for transporting goods and reduces the time and costs, IRNA reported.

All around the world, most exchanges are done with neighboring countries in order to facilitate trade, he added.

Stating that Iran is no exception, Tiz’housh-Taban underlined, Neighbors know each other's capabilities and needs and can take steps toward exchanging and bartering commodities.”

The official stressed that careful planning of shipping and aviation programs and reducing the issuance of directives and trade regulations are among the factors that can facilitate exchanges and help improve infrastructure.

Neighboring countries that are members of economic unions have a very high capacity for exports, and Iran can meet many of the needs of these countries, but to achieve this important goal, we need commitment, foresight, and updated decisions,” the official said.

Iran shares borders with 15 countries — the United Arab Emirates, Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia whose total value of annual imports exceed $1 trillion.

Increasing non-oil exports to the neighboring countries is one of the major plans that the Iranian government has been pursuing in recent years.

 

   
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