IRICA reported that non-oil commerce between the 2 nations was 264,416 tonnes and value $119.357 million, down 1 % from the earlier 12 months.
In the primary 5 months of this 12 months, Kazakhstan was Iran’s Eleventh-largest buying and selling companion amongst its neighbors.
The head of the Iranian Chamber of Commerce, Industry, Mining and Agriculture (ICCIMA) criticized the low quantity of commerce between Iran and Kazakhstan and careworn the necessity to implement the joint cooperation settlement between the 2 nations as quickly as potential.
“The $300 million commerce quantity between Iran and Kazakhstan is just not proportional to the services and capabilities of our two nations. We ought to try to attain the $3 billion commerce goal set out within the Joint Cooperation Agreement,” Foreign Minister Samad Hasanzadeh mentioned in early August throughout a gathering with Kazakhstan’s ambassador to Tehran Ontarap Onarbayev.
“The Iranian Chamber of Commerce is pursuing sooner implementation of the Iran-Kazakhstan Joint Cooperation Agreement to strengthen commerce ties between the 2 nations,” the official added.
Referring to a logistics settlement between Iran, Kazakhstan and Russia, Hasanzadeh added that “we should always be capable to use this chance within the transport sector to spice up commerce among the many regional nations.”
About 70 % of commerce between the 2 nations final 12 months was associated to Iranian exports to Kazakhstan, and it’s potential to extend and stability commerce volumes by means of cooperation within the manufacturing and provide of meat, agricultural merchandise, petrochemicals and development supplies, the envoy mentioned.
AMK/TT