Iran-Europe Business Forum to Be Held in Mid-December
IRAN NEWS ECONOMIC DESK
TEHRAN – An Adviser to the Trade Promotion Organization of Iran said that the Iran-Europe Business Forum will be held in mid-December to increase Iran’s non-oil exports.
Mirhadi Seyedi stated, “With the cooperation of the International Center (ITC) and the support of the European Union, the Iran-Europe Business Forum will be held on December 14 to 16 so as to increase Iran’s non-oil exports through creating the necessary platform for trade, scientific and technological cooperation.
According to Seyedi, the three-day meeting will be focused on specialized meetings on topics related to economic and trade relations between Iran and Europe, as well as special meetings on national export strategy in the fields of industrial sectors (auto parts and petrochemicals), agricultural sectors (medicinal plants, fruits, and vegetables), tourism services and services (ICT).
Emphasizing the uniqueness of this event for Iranian and European businesses, Seyedi said, “This meeting will allow Iranian and European companies to exchange ideas, expertise as well as identifying and communicating with potential business partners.”
He also noted that Iran-Europe Business Forum will revive talks and build mutual trust between companies, therefore, it can lead to the restoration of Iran-Europe trade relations, strengthening economic ties between the two sides, while paving the way for broader trade and investment ties.
It is worth mentioning that Iran’s foreign trade with Europe in the first seven months of the Iranian calendar year (March 20-October 21) amounted to 15.9 million tons worth over $8.8 billion.
Among European countries, the main export destinations were Turkey with $1,489, 372,408 billion, followed by Russia, Germany, and Italy.
During this period, Iran has exported goods to 37 European countries, including Austria, Germany, Bosnia, and Herzegovina, Belgium, Switzerland, Denmark, France, Spain, the United Kingdom, Italy, the Netherlands, Sweden, Slovakia, and Norway.
Over the last decade, Iran’s private sector, comprised of both major enterprises and SMEs, has become an increasingly important part of the country’s economy, contributing greatly to job creation and innovation.
The development of the private sector and the continued efforts of the Iranian government to facilitate privatization in major industries, has meant that the structure of the Iranian economy remains more conducive to expanded trade relations with Europe. This panel will provide an important context for policymakers and European business leaders about the composition of the Iranian private sector.
Following extensive technical cooperation funded by the European Commission, the International Trade Centre and the Iran Trade Promotion Organization have developed a new National Export Strategy (NES) for Iran. This panel markets the public launch of the new strategy.
In light of uncertainties arising from U.S. sanctions and the shock of the COVID-19 crisis, enhancing domestic competitiveness and productivity to expand trade opportunities is crucial more than ever before as Iran seeks a durable economic recovery.