A business delegation from North Khorasan Province has travelled to Kazakhstan in search of business partners and foreign investment.
It will take two years for a potential free trade agreement between Iran and the Eurasian Economic Union (EAEU) to take into effect, according to Elham Hajikarimi, an official at Trade Promotion Organization (TPO) of Iran.
Participants of a major trade meeting between Iran and Kazakhstan underlined that once the visa and transportation obstacles on the way of trade relations between Iran and Kazakhstan are removed, trade between the two countries are expected to hit $6 billion.
Referring to good technical and engineering cooperation between Iran and Kazakhstan on construction sector, representatives from both countries urged the need for further cooperation of the two countries in this area.
A trade delegation from Kazakhstan, led by the country’s deputy minister of trade and integration, is scheduled to pay a visit to Iran on October 11-14.
Hassan Valibeigi, an advisor to Iran-Kazakhstan Joint Chamber of Commerce, said it would not be easy for Iran to make its way into Kazakhstan’s market.
The first freight train from Kazakhstan entered Iran on Sunday through Incheboron international railroad, carrying coal.
Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.
Turkmen Ambassador to Iran Ahmed Gurbanov says the upcoming first Caspian Sea littoral states economic forum is supposed to improve the economic cooperation perspectives between the five countries that share Caspian Sea: Iran, Azerbaijan, Turkmenistan, Russia and Kazakhstan.
Kazakh envoy to Iran Askhat Orazbay visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with the chamber’s president Gholam Hossein Shafei on Wednesday, 12 June.