TEHRAN, Iran. Feb. 2
Trend:
The release of Iran's frozen assets from South Korea is creating good conditions for Iran's businessmen to import medical items, Iran's Secretary of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi, told Trend.
He said in recent months Iranian businessmen used the released funds from South Korea to import medicine from abroad.
"South Korea released about $70 million of Iran's frozen assets, that is not a considerable amount. We are waiting for the result of negotiations between the two governments for the release of the rest of Iran's assets," he explained.
Iran's trade with South Korea is not significant. Iran has exported $60 million worth of goods in the first nine months of the current Iranian year (started March 21, 2021) and imported goods worth $415 million from South Korea.
Iran's main imports from South Korea include medicine, dental, sanitary items.
South Korea's debt to Iran for the import of gas condensate is estimated at about $7 billion.