Exempt from U.S. sanctions, Chabahar Port in southeast Iran can serve as a gateway for Indonesia to access Central Asian and Russian markets, according to a recent report by the Iran Chamber of Commerce’s Research Center.
Iranian Parliament is scheduled to mull over the approval of a bill regarding an Iran-Indonesia preferential trade agreement.
The annual trade between Iran and Indonesia currently stands at about $1 billion, announced Rouhollah Dehqani-Firouzabadi, the vice president for science and technology.
Iran’s newly-appointed ambassador to Indonesia has proposed mulling the possibility of launching a trade center and a permanent exhibition of Iranian products in Indonesia.
In a congratulatory letter to the newly-elected president of Iran Chamber of Commerce Hossein Selahvarzi, Indonesian Ambassador to Tehran expressed hope that the existing mutual cooperation will further continue during the new tenure.
Iran and Indonesia have signed a preferential trade agreement (PTA) that will allow the two Muslim countries to reduce tariffs on exports and imports of certain goods and products.
Indonesian Ambassador to Tehran Ronny P. Yuliantoro on Monday urged the need for further cooperation between his country and Iran on making use of the potentials of the Chabahar Port in southeastern Iran.
President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei said that the economies of Iran and Indonesia complement each other, underlining the need for further cooperation between the two countries.
The Southeast Asian nation was Irans 11th export destination during the first nine months of the current Persian year (21 March-21 December), latest figures show.
A regional Iranian Chamber of Commerce and Arvand Free Zone sign agreements with Indonesia to boost Jakarta investment in western Iran free trade zone.