Iran to boost trade ties with five countries in Asia, Africa

The chairman of Iran’s Chamber of Commerce, Industries and Mines (ICCIM) says the Islamic Republic is planning to expand trade ties with Egypt, Sudan, Jordan, Libya and Turkey.

“Delegations from the five countries (Egypt, Sudan, Jordan, Libya and Turkey) will soon visit Tehran and will hold discussions on topics of interest including a boost in trade ties,” Mohammad Nahavandian told IRNA after the 28th General Assembly of the Islamic Chamber of Commerce and Industry (ICCI) in Istanbul.

Nahavandian also announced that the 16th Board of Directors and 29th General Assembly of the Islamic Chamber of Commerce and Industries will be held in the Iranian capital of Tehran.

Iran has expanded economic and trade ties, in both oil and non-oil sectors, with countries from all over the world.

As a major crude exporter, Iran has already signed contracts to export gasoline, diesel fuel, fuel oil, and kerosene to Iraq, Afghanistan, the Persian Gulf littoral states, and East Asia.

The Islamic Republic is also exchanging electricity with several countries including Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, the Republic of Nakhichevan, Turkey and Turkmenistan.

The Islamic Republic’s non-oil export items mainly include gas condensates, mineral fuels, chemical products, plastics, fruits, nuts, carpets and fertilizers.

In early October last year, Iran’s President Mahmoud Ahmadinejad announced his administration’s plans to boost the value of the nation’s non-oil exports to $60 billion by March 2013.