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Singaporean trade official calls for expansion of ties with Iran

Business Materials 26 January 2015 12:51 (UTC +04:00)

Tehran, Iran, Jan. 26
By Milad Fashtami - Trend:

A senior Singaporean trade official called for expansion of ties between Tehran and Singapore.

Cody Lee, the senior director of Middle East and Africa department of Singapore Business Federation (SBF) said
that the sanctions imposed on Iran have created some limitations for trades between the two countries, Iran's IRNA News Agency reported on Jan. 26.

"But once the sanctions are lifted the two countries can boost their trade relations," he noted.

Heading a high-ranking business delegation, Lee is expected to visit Iran later this week.

The visit is aimed at assessing the opportunities for further expansion of trade cooperation between Tehran and Singapore.

The delegation will also visit Iran's central Isfahan city.

Lee previously said that SBF is interested in setting up close cooperation with the city of Isfahan in different industrial, agricultural, and service areas.

The Singapore Business Federation (SBF) is the apex business chamber that champions the interests of the Singapore business community in trade, investment and industrial relations. It represents 21,000 companies, as well as key local and foreign business chambers, that contribute significantly to the Singapore economy.

Established on 1 April 2002 by the SBF Act, all Singapore registered companies with a share capital of S$0.5 million and above are members of SBF.

Earlier in December, a Senior Iranian Member of Parliament Gholam Reza Mesbahi Moqaddam, who chairs Iran-Singapore parliamentary friendship group, had called for further efforts to deepen relations between the two nations, particularly economic ties.

The Singaporean Ambassador to Iran had also described bilateral relations between Tehran and Singapore City as "good and positive" and voiced his country's readiness to improve the ties.

Edited by CN

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