Iran Plans To Increase Trade With UAE

TEHRAN, July 16 (Bernama) -- Iran has prepared a comprehensive plan to increase trade with the United Arab Emirates, said an official from the Trade Promotion Organisation of Iran (TOPI).

Aboutaleb Badri told Iran's Mehr News Agency (MNA) this week that Persian Gulf states including Qatar and Oman had announced their interest to improve economic ties with Iran.

The UAE or more specifically the emirate's most populous city of Dubai has been among the republic's top trading partners in the last two decades, which became a trading platform for exports to Iran.

On June 1, the first high-level UAE trade delegation visited Tehran after an eight-year gap.

The delegation was made up of ministers of agriculture and infrastructure, UAE's heads of chambers of commerce from all emirates and their business representatives.

The UAE was the second largest trading partner of Iran in the previous Iranian calendar year ending March 20, 2014.

Data from the Iran Customs Administration showed the republic exported US$3.62 billion worth of non-oil goods to the UAE and imported US$11.85 billion of the same from the Persian Gulf state during that period.

Value of trade between Iran and the UAE rose to US$23 billion in 2011 before falling to US$17 billion in 2012 and US$15 billion last year.


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