Iran plans to build 20 trade centers overseas

The Iranian government has allocated one billion dollars in loans to set up 20 trade centers across the world.

Tehran aims to promote its economic and commercial capabilities by launching the trade centers, said Mohammad Davaei, deputy of the Iran Chamber of Commerce, Industries and Mines.

He says President Mahmoud Ahmadinejad approved funding a one-billion-dollar loan for the project.

Davaei noted that the Islamic Republic has started construction of two centers in Sudan and Azerbaijan.

He predicted that completion of each project would take about 2-3 years.

Iran opened its first overseas-based commercial center in Shanghai in November.

The trade center is run under the direct supervision of the Iranian Chamber of Commerce, Industries and Mines.