An Iran-Russia trade council is reportedly scheduled to be launched on Wednesday.
The launch of the joint trade council will take place as part of a visit to Russia by Iranian Deputy Minister of Industry, Mine, and Trade Alireza Peimanpak.
Peimanpak, also the head of Trade Promotion Organization of Iran (TPO), is heading a 50-member delegation from Iranian central province of Isfahan to Moscow.
The Iran-Russia trade council will be formed as a joint council between Trade Promotion Organization of Iran and the Russian Union of Industrialists and Entrepreneurs (RSPP) to help remove obstacles on the way of industrial and trade cooperation between the two neighboring countries.
A 120-member Russian trade delegation, headed by President of Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin, visited Tehran earlier this month where an Iran-Russia business forum was held.
Addressing the business forum, President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei said that expansion of trade relations between Tehran and Moscow requires more enhanced banking relations and transportation means.
Noting that the visiting Russian delegation is the biggest Russian delegation to Iran over the past 20 years, he underlined the need for taking further steps to give a boost to bilateral trade and ease visa requirements in this regard.
A preferential trade agreement between Iran and the Eurasian Economic Union opened a new chapter in Iran’s trade relations with this bloc, Shafei said, adding that the two sides are also finalizing a free trade agreement which will lift major hurdles on the way of trade exchanges.