Iran-Indonesia trade doubles

Business Materials 6 July 2011 16:16 (UTC +04:00)

Azerbaijan, Baku, July 6/Trend/

Trade between Iran and Indonesia will double if trade barriers are lifted, the IRNA reported quoting Iranian Trade Promotion Organization Deputy Reza Toufighi as saying.

"The second delegation group of Iran's trade and marketing visited Indonesia on June and discussed the increase of trade between two countries," he said.

He predicted the volume of trade between Iran and Indonesia to double if trade obstacles are lifted.

According to statistics, Iranian exports to Indonesia increased by 92 percent in first months of the solar year compared to same period last year.

The increase in Iran's trade comes despite tightened United States and European Union sanctions imposed since the summer of 2010 against the Islamic republic, especially targeting its oil sector, due to its disputed nuclear program.