Malaysia to send big business delegation to Iran

Business Materials 17 February 2016 12:41 (UTC +04:00)

Tehran, Iran, February 17

By Mehdi Sepahvand - Trend:

Malaysia is going to send a big business delegations to Iran to hold talks with Iranian officials and companies in the near future, a Malaysian official said.

The Malaysian team intends to hold talks especially in the fields of trade, banking, oil, gas, tourism, and food industry, Muhammad Baidouan, first secretary at the Malaysian Embassy in Tehran told Trend February 16.

Malaysia has stood by Iran's side for many years, and through tough times such as the war years, the sanctions period, etc. and now there is high interest to venture in Iran, the official said.

He said now that the sanctions on Iran are lifted, situations are ripe for the two countries to optimize their economic relations.

In 2015, Malaysia exported over $470 million worth of goods and services to Iran, with a 10.6-percent decline compared to 2014.

Iran, in the same year, exported worth $34 million goods and services to Malaysia, with a 25.6-percent decline compared to 2014.