Iran, Belarus to strengthen trade ties

Director of Iran's Trade Promotion Organization Hamid Safdel says Iran and Belarus plan to set up a joint chamber of commerce to promote mutual trade ties.

Safdel made the remarks on Sunday in a meeting with Belarusian Ambassador to Iran Victor Ribak, IRNA reported.

The deputy commerce minister noted that a joint chamber of commerce will increase the level of transactions between the two countries.

Safdel also said that the commercial ties between Tehran and Minsk have been increasing during the past few years, expressing hope that the volume of bilateral trade transactions witnesses a considerable growth in the current Iranian calendar year (started on March 21).

Ribak, for his part, said that Iranian businessmen invested over $20 million in Belarus in 2010, which is a record for the country.

The Belarusian envoy also voiced his country's readiness to organize exclusive exhibitions in different Iranian provinces.

The annual volume of trade between the two countries stands at an average of $90 million.

Major exports of Belarus to Iran include potash fertilizers, synthetic fibers, synthetic fiber cords, while it imports cars, grape, automobile spare parts and tractors from Iran.


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