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Iran looking to improve trade ties with Ukraine through private sector

Business Materials 13 November 2020 14:44 (UTC +04:00)
Iran looking to improve trade ties with Ukraine through private sector

TEHRAN, Iran, Nov.13

Trend:

Iran is following the policy to develop trade and economic cooperation with neighboring countries and is set to improve its trade with Ukraine, deputy of international affair of Iran's Chamber of Commerce Hessamoldin Hallaj, Trend reports via IRNA.

"Iran and Ukraine private sectors have reviewed the possible development of bilateral trade in a video conference," he said.

"Private sector businessmen in the two countries could use the mutual capacities to improve the currently existing trade," said Hallaj.

"Barter oil and gas products and industrial equipment is one of the suitable opportunities to improve trade between the two countries," he said.

"Capacities of Iranian and Ukrainian companies in aviation industries, automation, mine, agriculture equipment and electronic transportation fleet in private sector is another area for mutual cooperation," he said.

"It is necessary that Iran uses non-oil export as a new step to focus on trade with Ukraine while Iran's industrial capacity could be used in implementation of barter mechanism," he said.

Iran's ambassador in Kyiv has indicated during the video conference meeting that the embassy in Ukraine would provide necessary support to introduce private sectors of all Iranian provinces and their capacities for cooperation.

The released statistics by Tehran Chamber of Commerce indicate that current trade between the two countries are less than $1 billion and the target is to increase it five times than the current figure.

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