News ID: 316936
Published: 0327 GMT October 09, 2021

Tehran to host Iran-Kazakhstan business forum tomorrow

Tehran to host Iran-Kazakhstan business forum tomorrow

The joint business forum of Iran and Kazakhstan will be held in Tehran on Monday in the presence of Kazakhstan’s Vice Minister of Trade and Integration Kairat Torebayev and senior traders from both countries.

Supported by the Kazakh Embassy in Iran, the forum is co-organized by QazTrade, a subsidiary of the Trade and Integration Ministry of Kazakhstan and the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), according to

Over 30 Kazakh traders headed by Torebayev as well as 100 Iranian businesspersons will take part in the one-day forum.

The chairman of the Iran-Kazakhstan Joint Chamber of Commerce said in May that the two countries enjoy the potential to boost their annual trade to $5 billion.

“The Iran-Kazakhstan Joint Chamber of Commerce, considering all the existing conditions, has targeted $1 billion of non-oil trade over a period of three to five years,” Amir Abedi said.

"Achieving the goal will increase the two countries’ production capacity and will lead to economic growth and export development,” he added.

He pointed to the significance of the free trade agreement between Iran and the Eurasian Economic Union (EAEU) and said there is a great opportunity for increasing the level of trade with the members of the EAEU.

Abedi said, “Countries all around the world conduct trade based on free trade agreements, since such agreements open the doors of the country's economy to exports and imports and consequently increase economic growth and boost export and production capacities.”

He pointed out that Iran's geopolitical position, especially with regard to the countries in the region, has provided a good capacity for the development of foreign trade.

“One of the best trade agreements signed with foreign partners to date is the agreement with the Eurasian block,” Abedi stated.

Noting that Kazakhstan is the second-largest market in the Eurasian Union, he stressed, “This country enjoys special cultural and historical relations with Iran which can hopefully help increase the economic relations as well.”

The official put the trade between the two countries in the previous Iranian year (ending March 20) at $205 million, of which $168 million was the share of Iranian exports to Kazakhstan and $37 million was for imports.



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