Iran to announce readiness for economic cooperation with US

Business Materials 27 May 2015 19:22 (UTC +04:00)

Tehran, Iran, May 27

By Mehdi Sepahvand - Trend:

Alongside political developments, there have recently been reports that Iran and the US intend to conduct economic relations, many of which have been dismissed as false.

However, the Iranian World Trade Center intends to make an announcement on its readiness to conduct relations with the US business and trade section.

The announcement is planned to be made in a few weeks, Mohammad Reza Sabzalipour, head of the center told Trend May 27.

However, he noted that a mere readiness by the non-governmental section is not enough for conducting business relations.

Governmental support is needed in order that such moves take effect, he said.

Sabzalipour expressed pity that governmental organizations and ministries are not properly coordinated in order to support new proposals such as the trade's upcoming announcement.

He also dismissed reports that recently trade delegations from the US had visited Tehran.

The Iranian administration recently recommended the country's businessmen to start trade with the US.

Iran-US relations have been tense for decades, but now they seem to be thawing as the political leaders of the countries have started diplomatic relations of some sort.

In April, a delegation of US entrepreneurs, investors and consultants traveled to Iran to explore the post-sanctions Iran business potentials.

The Iran- US trade totaled $154.312 million in the past Iranian fiscal year, which ended on March 20, according to the Iran Customs Administration. Iran imported $154.117 million worth of products from the US and exported $195,616 worth of goods to the US in the past fiscal year.

Edited by CN

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