Tehran, Jakarta to boost economic ties
Iranian Agriculture Minister, Sadeq Khalilian, and the House of Regional Representatives of Indonesia Chairman, Irman Gusman, held a meeting in Jakarta on Wednesday- MNA reports.
During the meeting the two sides discussed boosting economic ties between the two states.
The two officials also called for establishment of a joint investment fund.
Gusman had previously stated that the sanctions have made Iran's economy stronger.
"We are so sorry that a number of countries have imposed sanctions against Iran. We believe that the sovereignty and authority of each country should be respected," he said.
Iran and Indonesia's annual trade value currently stands at $700 million.
The two countries expect that with the implementation of the preferential tariffs agreement the trade level between the two Islamic states will reach $2 billion by next year.
At present main commodities exported from Iran to Indonesia include petrochemicals, tomato paste, dates and tea, while various kinds of paper, furniture, iron and natural rubber comprise imported items from there.