News ID: 323543
Published: 0314 GMT August 16, 2022

TPO to establish new trade centers in Africa

TPO to establish new trade centers in Africa

Iran has plans to open seven new trade centers in Africa by the end of the current Iranian year (March 20, 2023), announced a senior official with Iran’s Trade Promotion Organization (TPO) on Tuesday.

“So far, three business centers have been established in Africa, and we plan to increase this number to 10 centers by the end of the year,” Director General of TPO’s Africa Department Mohammad-Sadeq Qanadzadeh said, IRNA reported.

Speaking at a joint meeting of Iranian and African traders which was held in collaboration with TPO, Qanadzadeh stated: “The purpose of this meeting is to introduce Iran's investment and business opportunities to African trade partners.”

According to the official, since the beginning of the current Iranian year (March 21), more than 400 business delegations from Africa have traveled to Iran, and the Iranian government is also taking all the necessary measures to develop mutual relations.

Stressing the need for the improvement of infrastructure and providing new incentives for the development of trade with Africa, Qanadzadeh noted that several contracts have been signed with African trade partners for the development of infrastructure and maritime and air transportation.

“The agreement for the establishment of a direct airline between Iran and South Africa will also be concluded by the end of the year,” he added.

The official further pointed to the upward trend of trade with African nations, saying: “In the first quarter of the year, many African countries have been among Iran's top trade partners, which is a very good thing.”


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