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.
Iranian Foreign Minister Mohammad Javad Zarif underscored the importance of enhanced economic relations between Tehran and Jakarta.
Indonesian President Joko Widodo expressed the Southeast Asian country’s keenness to develop closer banking and trade relations with Iran.