Publishe Date: 4:24 PM - 8/26/2013 | Print

Iranian minister says Tehran, Jakarta can triple trade exchange

Economy - The Iranian minister of Industry, Mines and Trade has highlighted Tehran’s interest in expanding trade ties with Indonesia, highlighting the potential to triple bilateral trade exchange.

“We need to cooperate in removing obstacles in the way of investing and economic collaborations, which even has the potential of boosting the trade exchanges between the two countries three-fold,” said Mohammad Reza Ne’matzadeh in a Sunday meeting in Tehran with a visiting delegation of Indonesian businessmen, headed by the country’s chairman of the Chamber of Commerce Suryo Bambang Sulisto.

Pointing to the current 1.3-billion-dollar economic exchanges between the two nations, Ne’matzadeh further emphasized that Indonesia’s participation in Iranian oil and gas projects are among the best opportunities that can be beneficial.

He also recommended that the Indonesian side consider investing in Iranian projects for the production of chemical fertilizers and food industries.

Underscoring Iran’s capabilities in the field of minerals, the Iranian minister further expressed readiness to establish joint committees to explore investment opportunities in Iranian mines for Indonesian investors.

He also called for the reestablishment of a joint Iran-Indonesia Economic Commission.

For his part, the chairman of Indonesia’s Chamber of Commerce vowed to reactivate joint oil and gas projects by the two countries, which was halted in past years.

He also said now is “a very appropriate time” for expanding economic and trade ties between the two countries, expressing readiness for “any kind of cooperation towards expanding bilateral economic ties.”

The Indonesian commerce official also invited the Iranian minister and businessmen to visit his country’s upcoming trade expo.


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