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UAE-Iran ties to help settle regional disputes: UAE envoy

United Arab Emirates (UAE) Ambassador to Iran Khalifa Shahin al-Marri on Monday underlined the need for further expansion of Tehran-Abu Dhabi trade cooperation and stressed that friendly relations between the two states will help settle the existing regional disputes, IRNA reported from Tehran.

Addressing the inaugural ceremony of the third UAE exclusive trade exhibition in Tehran, the ambassador said that promotion of bilateral cooperation between the two countries benefits the entire region.

The UAE attaches great importance to establishment of close trade relations with the Islamic Republic of Iran, he added.

Referring to setting up of the UAE exclusive exhibitions in Iran, al-Marri stressed that setting up of such exhibitions have resulted in further consolidation of bilateral ties between the two countries.

The UAE is interested in participating in different projects in the Islamic Iran, he said.

Meanwhile, Hossein Esfahbodi, Managing Director of Iran's International Fairs Corporation, expressed the hope that holding of the two countries' trade fairs would lead to further promotion of ties between the two sides.

He called on the two countries' tradesmen to make use of the valuable opportunity provided by the fair to sign several agreements in different economic areas.

Also addressing the inaugural session of the exhibition, Obeid Hamed al-Taer, Head of the UAE Chamber of Commerce and Industries, said that the Islamic Republic of Iran enjoys a good position in the region and among Arab and Asian states in terms of exports and imports and services.

Expressing his satisfaction with the current volume of bilateral trade exchanges between the two countries, he called for further expansion of mutual trade ties.

Some 210 governmental and non-governmental companies, involved in the fields of tourism, commerce, economy, production, industry, food industries and aviation, are showcasing their activities and products in an area of 4,300 square meters at the four-day exhibition.

It is said that the fair has expanded by 30 percent compared to earlier events in terms of number of participants and the area allocated to it.

Iran and UAE had, during the second fair, concluded about one billion dollars worth of transactions, which rose to more than three billion dollars after the fair.

... Payvand News - 6/9/03 ... --

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