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Iran, Britain explore higher mutual investments, trade exchange

Tehran, Feb 22, IRNA-A visiting British industrial and trade delegation and several Iranian private companies' representatives explored grounds for increasing bilateral trade between the two nations, the Iran Chambers of Commerce, Industries and Mines (ICCIM) public relations department reported here Monday.

The delegation representatives said the aim is to weigh the Iranian domestic market potentials and forge closer trade relations.

Also selling of products in Iran by selecting a representative and distributor in Iran is another aim of the visit.

The British companies are mostly involved in manufacturing new machinery in publishing industry, high-speed electricity-related uses, design and build of various measurement systems, and installation and production of repair-related machinery in oil and gas sector.

Bahram Ravan an ICCIM expert also discussed ways to bolster investments and trade volume between the two sides.

Iran and Britain here In January explored avenues for bolstering bilateral ties in all fields.

Iranian Head of the Iran-Britain Parliamentary Friendship Group Hossein Nejabat, in a meeting with Britain's Ambassador to Tehran Richard Dalton, said ties between the two countries enjoy a balanced trend despite all ups and downs.

He expressed hope that political, parliamentary and trade relations between Tehran and London would receive further boost through activation of parliamentary friendship groups.

He pointed to the great political, cultural and parliamentary potentials of the sides in consolidating ties and said dealing with Iran is a good opportunity for Britain due to its deep-rooted civilization and its special position in the region.

Dealing with Britain, as an active member state of the European Union (EU), is also a good chance for Iran. The two countries should make use of these opportunities in line with mutual interests by expanding political, parliamentary, cultural and economic relations.

Iranian ambassador to London touts investments in Iran

London, Feb 22, IRNA-Iranian ambassador to London said here Monday that and British companies's interest to boost investments and trade with Iran is indicative of the two nations brighter future economic relations.

Speaking at a gathering of about heads of 80 British companies at Iran-British Chamber of Commerce Mohammad Hossein Adeli said that Iran's economic situation offers better opportunities than the corresponding markets in the neighboring countries.

Adeli further referred to the structural reforms in Iran and the growth of an array of business and trade indices in the recent years.

He said that Tehran-London economic and trade relations do not corresponds to the capabilities and need of the two sides and Britain has not caught up with other European countries in this respect.

Iranian companies have solid expertise in engineering and technical services which provides new opportunities for cooperation in third countries.

He further alluded to the current ongoing negotiations between Iran and EU as "constructive" and expressed optimism that the talks will prove to be fruitful for both sides.

Adeli further answered questions on the prevailing competitiveness of the Iranian economy, the privatization drive and reforms instituted in the economy.

In related news, Head of Iran's Customs Administration Massoud Karbasian and his British counterpart Michael Norgrove in a meeting here last year signed a memorandum of understanding on customs cooperation between the two countries.

According to the inked document, the two sides agreed to cooperate in joint professional training programs, exchange of information, expertise and educational sources in the sector.

The British Customs Administration is committed to arrange two training courses for Iranian customs employees on collecting and analyzing primary data, information systems, technical ways for searching drugs, techniques for release of goods and its timing as well as the information collected prior to arrival of passengers and goods.

Iran's Customs Administration is committed to host the British customs officials to exchange information and expertise on the assessment of the expected risks and other control measures to be taken at the national customs border checkpoints, particularly at Iran-Afghanistan common border.

To further expand administrative collaboration, the two sides also agreed to take the most effective and practical measures towards broadening such cooperation.

Updating the related data and expertise by both sides and making use of the most optimum methods to facilitate release of goods from customs and enforcing the related customs laws are among the points agreed upon.

In the meeting, Karbasian said that the remarkable volume of Iran-Britain trade exchange in recent years, the interest and great attention of both states for bolstering the current level of cooperation mainly contributed to signing of the MoU.

... Payvand News - 2/22/05 ... --

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