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Iran-Russia trade volume doubled in 2007: Envoy

Moscow, Dec 13, IRNA - Volume of Iran-Russia trade and business transactions was equal to 2.294 billion US dollars in the first nine months of 2007, that was doubled compared to the same period in the year 2006.

Islamic Republic of Iran's Ambassador to Russia Gholam-Reza Ansari made the comment in an interview with IRNA Wednesday night, the night before the opening of the Seventh Iran-Russia Joint Economic Cooperation Commission, adding, "The volume of Iran's exports to Russia, too, during the said period increased from 144 million to 240 million US dollars' equivalent."

He said that Iran's exports to Russia included vehicles, car spare parts, food stuff particularly dried nuts and fruits, while Iran's imports from Russia were mainly steel, ironware, and wood.

Iran's Ambassador emphasized, "The volume of such transactions is not inclusive of the huge infrastructure ongoing cooperation between the two countries in various fields."

Ansari said that the potentials for improving bilateral trade and business is very high in both countries, adding, "For instance there is currently an annual demand for 2,500 Iranian passenger car, Samand, in Russia, but due to transportation restrictions, and production limits, we are currently exporting merely 1,000 to 1,200 Samand cars to Russia each year."

He said that the existence of an active banking system, sea and land transportation, and insurance facilities, was effective means for boosting bilateral trade, adding, "If such conditions are improved the Russian market has the potential for importing a lot more Iranian goods, including construction materials, garments, shoes, dried nuts and fruits, and carpets."

Iran's Ambassador called for greater dynamism on the part of the private and state sectors for presentation of high quality Iranian goods at Russian markets, keeping in mind the low transportation cost due to being neighbors, and the enthusiasm of the Russians for using Iranian products.

He said that Russia is also in need of technical and engineering services, reconstruction of factories and rural and construction projects throughout country, particularly for construction of cement, glass and construction material factories, and road and dam construction, relying on joint cooperation with Iran, keeping in mind high potentials and talents of the Iranian technicians and engineers.

Ansari said one of the major joint projects of the two countries is construction of the North South broadway, adding, "If that major corridor is established after the elimination of obstacles in its path, both countries can gain huge incomes, because using it the huge demands of the vast Russian Federation can be transported through the Persian Gulf, and partly from there to other countries."

He added, "Using that path the time for transportation of goods would be decreased between ten to twenty days."

Referring to both countries' will for boosting ties, he said that among issues to be focused at joint commission there are cooperation proposals at oil and gas projects and presence of Russians at discovery and transfer projects of Iran's natural gas."

He said that cooperation in aerospace engineering and aircraft and helicopter manufacturing, are among the Iranian side's proposals for increased joint work.

... Payvand News - 12/13/07 ... --

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