Iran plans to establish joint rail transport company with Kazakhstan
Baku, Azerbaijan, June 10
By Fatih Karimov - Trend:
Iran plans to establish a joint rail transport company with Kazakhstan, said Abbas Nazari, the director for international affairs at the Iranian Railways Company.
The proposed company will be established through a joint venture and will carry out rail transport operations for the two sides, Iran's Fars news agency quoted Nazari as saying on June 10.
He referred to a recent visit of the director of Kazakhstan's railways company to Iran's Shahid Rajaee Port, saying that Kazakhstan has announced readiness to establish silos in the Iranian port in order to store wheat.
Some 10 million metric tons of Kazakh wheat is transited via Iran, he noted.
Kazakhstan was the 20th leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.
Iran exported $205.11 million of non-oil goods to Kazakhstan, while imported $175.95 million of non-oil goods from the country.
In Sept. 2014, presidents of Iran and Kazakhstan emphasized that the volume of trade exchange between Tehran and Astana should be increased to 5 times that of the current level.