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Iran, Syria to boost trade up to $2b

Business Materials 18 August 2010 12:46 (UTC +04:00)

The Iranian commerce minister met a Syrian business delegation here and the two sides agreed to increase trade between the two countries up to $2 billion.

ILNA news agency quoted Mehdi Ghazanfari as saying that the two nations have the necessary infrastructure to boost business from the current $400,000 million up to $2 billion.

He said that Tehran and Damascus could ease trade tariffs, implement technical and engineering projects, establish a joint bank and enhance transportation services.

Director of Syrian Prime Minister Bureau Tisser al-Zaabi as well as head of the business delegation to Iran said that his country is in need of many of the products produced in Iran and expressed hope that his country could be a gateway for Iranian goods to be exported to other Arab states.

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