South Korean trade delegation to visit Iran

Iran Materials 4 March 2014 15:45 (UTC +04:00)

Baku, Azerbaijan, Mar.4

By Fatih Karimov - Trend:

A trade delegation from South Korea will arrive in Iran on March 9 to discuss expanding bilateral ties, the Tasnim News Agency quoted Iran's Trade Promotion Organisation's Deputy Director Mehdi Mir-Aboutalebi as saying on March 4.

The delegation comprises the heads of South Korean companies in the fields of mining, food and industry.

On January 12, Iran and the five permanent members of the United Nations Security Council - Russia, China, France, Britain and the US plus Germany finalised an agreement as of January 20 on ways to implement the interim nuclear deal the two sides struck in Geneva on November 24, 2013. The accord is aimed at setting the stage for a full resolution of the decade-old standoff over Iran's nuclear energy programme.

Iran's non-oil goods trade balance including condensate, has faced a $5.433 billion deficit for the first 11 months of the current solar year (started on March 21, 2013), the Iranian Custom Administration reported on Feb. 24.

Iran exported 83.293 million tons of non-oil goods worth $37.363 billion during the first 11 months of the current Iranian calendar year which indicates a 15.73 percent increase and a 1.52 percent decrease in terms of volume and value respectively, compared to the first 11 months of the preceding year.

China was the main target of Iran's exported goods during the period.

Iran exported $6.582 billion, $5.265 billion, $3.237 billion, $2.31 billion and $2.184 billion worth of goods to China, Iraq, the UAE, India and Afghanistanrespectively during the period.

Edited by S.M.