[ad_1]
A target of $30 billion in trade between Iran and the United Arab Emirates (UAE) over the next two years is on the agenda of the trade body between the two countries, an official from Iran’s Trade Promotion Organization (TPO) said.
Farzad Piltan, director of the TPO West Asia Country Office, said the UAE is considered one of the important countries in Iran’s foreign trade.
Pointing out that the balance of trade volumes between the two countries has always benefited the UAE, Pilten added: “Balancing, maintaining and improving the level of trade relations between the two countries has been placed on the trade agenda according to the plan of the organization.”
“Considering the UAE’s position, capabilities and facilities to develop bilateral and multilateral cooperation at the regional and international levels, by removing trade barriers and improving export standards and insurance, we can achieve a $30 billion trade with the UAE,” the TPO official added.
In a report published in mid-September, the Research Center of the Iranian Chamber of Commerce and Industry (ICCIMA) said that the United Arab Emirates’ new strategy to sign free trade agreements with India and Turkey will further strengthen the Islamic Republic’s mediation role in the region.
As one of Iran’s largest trading partners in the region, the UAE has been a popular market for Iranian businessmen and traders, and the expansion of the country’s economic ties with Iran’s neighbors could also have a positive impact on Iran’s trade with them.
According to the aforementioned report, the UAE has recently focused on signing free trade agreements with a range of countries including India, the UK, Turkey, South Korea, Ethiopia, Indonesia and Kenya.
In addition, the country is a member of a large number of trade-related international organizations and treaties, the most important of which are the World Trade Organization, the Persian Gulf Cooperation Council, the GCC-European Free Trade Agreement and the Pan-Arab Free Trade Agreement trade area.
Among the aforementioned countries, India and Turkey are of great significance to Iran, as for Turkey, the trade agreement with the UAE has the potential to be an important economic, political and transit advantage for Iran.
As for India, while the agreement may undermine Chabahar Port’s status as the country’s regional trade hub, it will remain India’s regional trade hub with Russia and the Middle East, given the geopolitical situation at the aforementioned ports. Asia.
Mother
[ad_2]
Source link
