Azerbaijan, Baku, Aug.25/ Trend F.Karimov/
Trade between Iran and Indonesia could be tripled, the Mehr News Agency quoted Iranian trade minister Mohammad-Reza Nematzadeh as saying.
He made the announcement today in a meeting with a trade delegation from Indonesia in Tehran.
Currently, the bilateral trade stands at $1.3 billion annually, the minister said.
Indonesia can take advantage of investing in Iran's oil and gas projects, he added.
In May, Iran and Indonesia signed a trade agreement in a bid to boost bilateral trade.
Iranian Deputy Industry, Mine and Trade Minister Hamid Safdel and Indonesian Deputy Foreign Minister Yuri Thamrin signed the agreement.
This agreement will promote bilateral trade between Iran and Indonesia by exchanging trade delegations and information, holding exhibitions and signing preferential trade agreement thereafter, Safdel noted.
In February, Indonesian Ambassador to Tehran Dian Wirengjurit said Jakarta pays no attention to sanctions imposed on the Iranian oil sector, saying it will have no effect on Indonesia's oil purchase from Iran.
He said Iran is a developed country in terms of infrastructure to the extent that there is potable water, electricity and gas in most parts of the country.
The Indonesian ambassador also called on Iranians to invest in his country.