Tehran and the East European country are seeking to remove financial barriers, devise their own banking cooperation in a bid to develop their cooperation in various sectors, such as mining, energy and rail transport sectors.
The Iranian automaker says the initiative is part of its plans to reduce the effect of unilateral US sanctions that have disrupted production lines. It will also help boost production, the group says.
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has published overview of Iran and its economic situation in a bid to advertise the country’s investment potentials.
The main exported items were carpets, rugs, tissue paper as well as packaging materials. Iranian companies found their export destinations despite unilateral US sanctions that have caused huge problems for funds transfer.
The council will have three lawmakers supervising its functionality and will try to keep it within the realms of current rules and regulations. The move is significant as it demonstrates the government’s will to move in line with international norms.
The country has embarked on a path to boost its knowledge-based companies in a bid to diversify its revenues and reduce its dependence on oil. Such companies have had a significant role in meeting the medical sector’s internal needs.
Czech-Slovak-Iranian Chamber of Commerce Chairman Jan Kavan has harshly criticised the US for using its monopoly to stifle commercial exchanges with Iran, saying his country can’t wait more for INSTEX to become operational.
Czech Deputy Minister of Industry and Trade Eduard Muřický says INSTEX is not functional yet so Prague needs to look for other ways of keeping up trade with Iran.
Budget’s dependence on crude sales as well as unnecessary rules and regulation are “the country’s chronic illnesses” that need to be treated.
Czech Deputy Minister of Industry and Trade Eduard Muřický visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Tuesday to hold talks with Vice President Hossein Selah Varzi.