News ID: 324047
Published: 0208 GMT September 09, 2022

Russia-Iran trade center prelude to reach $8b trade

Russia-Iran trade center prelude to reach $8b trade

Iran’s Trade Promotion Organization (TPO) considers the establishment of the first Iranian trade center in Russia as an effective step to pave the ground for reaching an annual eight-billion-dollar trade within two years.

Head of the TPO Alireza Peymanpak said on Thursday that the first Iranian trade center in Russia would facilitate trade exchanges, pave the way for holding meetings between Russian and Iranian merchants, signing memoranda of understanding, preparing required documents, banking, insurance and customs consultations, as well as supporting industrialists and merchants in terms of legal issues, IRNA reported.

The first trade center is scheduled to remove obstacles in the way of trade exchanges between Russia and Iran, the official noted, adding that different Iranian entities such as the Iranian Embassy in Moscow, the TPO, the Joint Chamber of Commerce and the Parliament helped set up the center.

According to the Iranian official, the establishment of the first trade center of Iran in Russia is expected to be an important step towards materializing the outlook of $8 billion trade in the next two years.

He further said that the two countries are determined to increase the volume of economic ties, so the trade center can organize coordination and cooperation concerning the expansion of connections and the set-up of several exhibitions.

On Wednesday, the director general of the Russian Export Center emphasized that Iranian industrial products are good enough to achieve success in the Russian market.

Veronika Nikishina made the remarks in the opening ceremony of the Iranian solo exhibition in Moscow. Russia’s Crocus Expo hosts the exclusive Iranian exhibition, slated for September 7-10.

She went on to say that the quality of Iranian-made products is praiseworthy; therefore, Russian businesses are very keen on paying heed to their Iranian counterparts’ proposals.

The official also said that the exhibition plays a key role in improving the quantity of supply and demand of commodities between Iran and Russia.

She went on to say that Iran’s construction industry enjoyed not only high quality but also excellent design.

Other Russian and Iranian officials underlined that Iranian-made goods have a remarkable potential to be presented in Russian markets, and that the exhibition can pave the ground for Iranian companies to boost their presence in the friendly country.

The Iran Chamber of Cooperatives (ICC) has organized the expo in Moscow to showcase Iranian commodities such as construction materials, foodstuffs, agricultural products, energy, modern technology, transportation, banking and insurance, home appliances, decorations, spare parts, machinery items, industrial products, mines, metals, and related industries.



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