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Friday, September 22, 2023

UAE officials discuss cooperation with Iran’s road minister


A senior Iranian transport official visited the United Arab Emirates on Monday.The visit comes amid a rapprochement between Iran and Saudi Arabia and sends a continuing strong signal UAE – Iran relation.

Mehrdad Bazrpash, Iran’s Minister of Roads and Urban Development, visited Abu Dhabi, where he met Mansour bin Zayed Al Nahyan, UAE Vice President and Deputy Prime Minister, and Suhail Al Mazroui, UAE Minister of Energy. According to the Emirates News Agency, Bazrpash was in the city to attend the Middle East Rain Conference and discussed bilateral cooperation with UAE officials.

According to Iran’s semi-official Tasnim news agency, the purpose of the meeting was to boost bilateral trade between the two countries.

In a related matter, the Iranian Chamber of Commerce reported on Monday that the two countries were discussing establishing a “direct container route” between Iran’s southern Iranian port of Bushehr and Dubai’s Jebel Ali port. The purpose of the line is to reduce the transit time between the two countries.

Why it matters: Iran and the UAE maintain friendly relations, especially in the economic field. In 2021, the UAE exported $6.5 billion worth of products to Iran. The most important products are broadcasting equipment, computers and essential oils. According to the Observatory of Economic Complexity, Iran exported $347 million in products to the UAE that year, the most important of which were nuts, crustaceans and melons.

This year, the relationship between the two countries has further strengthened, including in the field of transportation. March, Iran and UAE Civil Aviation The authorities signed a cooperation agreement. Last week, the UAE-Iran Business Council held its first meeting in Tehran, the Emirates News Agency reported.

Commercial ties between the two countries have come under scrutiny from the U.S., which has UAE entities sanctioned for alleged Iran sanctions There have been many violations in recent years. Most recently, the United States sanctioned a Swedish management company based in the UAE. Alleged involvement in transactions involving Iranian petrochemicals.

learn more: Unlike neighboring Saudi Arabia, the UAE has long enjoyed friendly relations with Iran. In March, Saudi Arabia and Iran agreed to resume diplomatic ties brokered by China.


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