Iran exported $13 billion worth of products to the Economic Cooperation Organization (ECO) member states in 2022, the president of the Islamic Republic of Iran Customs Administration (IRICA) said.
Speaking in a meeting with ECO Secretary General Khosro Nazeri, Mohammad Rezvanifar also put the value of products imported to Iran from ECO member states at $7.5 billion.
He noted that Iran’s value of trade with ECO member states in 2022 hit $20.5 billion.
Turning to the high capacities of ECO member states in various fields, the IRICA chief pointed out that Iran and ECO member states enjoy high capacities to increase their bilateral trade.
The Islamic Republic of Iran Customs Administration is ready to make necessary cooperation with ECO member states to materialize the objectives in line with boosting bilateral trade and economic activities, he underlined.
The deputy minister of economy further noted that developing transit and increasing the volume of goods transited from ECO member states are among the areas that these countries can take advantage of to facilitate, accelerate and increase the transit volume.
The ECO secretary general, for his part, pointed to the key role of Iran in promoting trade between the member states and added that given the high capacities that exist among ECO member states, the eight percent share of trade among them is too little.
He added that effective steps should be taken in line with increasing this figure.
Reducing customs tariffs among member states and exchanging data electronically are among the moves that will greatly help facilitate trade among member states and increase bilateral transit exchanges, Nazeri added.