Iran, Kazakhstan set to launch joint trade center

Head of Trade Promotion Organization of Iran (TPO) Alireza Peimanpak says Iran is launching a joint trade center with Kazakhstan.

7 January 2022
ID : 33395
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Head of Trade Promotion Organization of Iran (TPO) Alireza Peimanpak says Iran is launching the first joint trade center with Kazakhstan.

Speaking during a ceremony to praise 34 top exporters of Iranian northern province of Mazandaran, Peimanpak said that the joint trade center would provide the businesspersons with legal services and help the promotion of trade between the two countries.

Noting that Iran sees a 7- to 8-fold increase in the potentials of trade with Eurasia Economic Union (EAEU), he expressed hope that Iran would be able to join EAEU within the next year.  

The official said that Iran has also had talks with Caspian Shipping Company to help remove the barriers on the way of sea exports.

Iran also plans to give a boost to trade via Aktau-China railway, he said.

Peimanpak noted that Eurasia Economic Union would provide Iran with access to a $ 2-3 billion market but the existing transportation capacities would not be sufficient. He said that Iran needs to expand transportation capacities now. 

Hassan Valibeigi, an advisor to Iran-Kazakhstan Joint Chamber of Commerce, said in a seminar early October 2021 to examine the trade opportunities of Kazakhstan that Iran would have a difficult job for entering the market of Kazakhstan as Russia, China and South Korea meet 35, 17 and 13 percent of the country’s import needs respectively.

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