Iran to hold food products trade fair in Russia

Business Materials 17 April 2016 12:46 (UTC +04:00)

Baku, Azerbaijan, Apr. 17

By Khalid Kazimov - Trend:

Iran will set up its first food product trade show in Russia's Kazan in late April, an Iranian official said.

Meisam Abbasi, an Iranian trade official, has said that Tatarstan Republic is a new market for Iranian producers, Mehr news agency reported.

Abbasi noted that over 100 Iranian companies will participate in the three-day exhibition in Tatarstan to showcase their products.

The official expressed hope that Iran's exports to Russia will increase following the exhibition.

The Republic of Tatarstan is a federal subject of Russia located in the Volga Federal District. Its capital is the city of Kazan.

Iran has been freed of economic sanctions under a deal with the P5+1 (the US, UK, France, Russia, China, and Germany) that came into force January 16. Russia played a key role as Iran's supporter in bringing the deal home.

Moscow recently found itself in a row with Turkey which used to be its large trade partner. Following the downing of a Russia fighter over Turkey's border regions with Syria, Russian President Vladimir Putin banned the imports of products from Turkey.

With the Moscow-Ankara developments, Iran and Russia signed important contracts on the export of food products.