The Head of Iran's Interests Section in Cairo Mojtaba Amani said efforts are underway to resume Tehran-Cairo diplomatic ties, reported ISNA.
He said Iranian officials consider remarks of Egyptian Foreign Minister Nabil al-Arabi on turning a new page in relations with Iran as "fully positive."
"The two countries can boost economic and trade cooperation as soon as they start to resume relations," he said adding bilateral current exchanges hit 100 million dollars which could be raised more.
The Iranian diplomat added that cutting of bilateral ties over last 30 years have had adverse effects on trade and investment projects in both countries.
Eighteen days of anti-government protests in crisis-hit Egypt resulted in the historic overthrow of the 82-year-old former President Hosni Mubarak, who quit on February 11, handing over power to a military council.Tehran and Cairo have not had full diplomatic relations since 1979.
Iran severed ties with Egypt after Cairo signed the 1978 Camp David Accords with Israel and provided asylum to Iran's deposed shah, Mohammad Reza Pahlavi.