TEHRAN (Iran News) – Using national currencies and mechanism of barter trade are two solutions for developing the level of economic relations between Iran and Malaysia.
Charge d’Affaires of Embassy of Malaysia to Tehran Mr. Mohammad Nizam Halimi met the manager of bilateral and multilateral relations of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Ms. Niloofar Assadi and during the meeting both sides explored ways for developing current level of cooperation between the two states.
Ms. Assadi emphasized cooperation between Tehran and Kuala Lumpur in the field of industry, tourism, hoteliering and production of halal food, and added that in the production of halal food, Malaysia is the most successful Islamic country and therefore both countries can increase the level of cooperation in this field.
She expressed her dissatisfaction over the decline in the volume of trade exchange between the two states and called for improving the cooperation in different fields.
Then she raised two suggestions for improving the ties, stating that one solution is to replace foreign currencies with the national currencies in the bilateral trade through the cooperation of the banks of the two countries, and the other one is to launch a mechanism for barter trade of the required goods by the two countries, and agro and food products will be the priority.
Meanwhile, Mr. Nizam Halimi, for his part blamed the unilateral sanctions against Iran for the drastic decline in the trade between Iran and Malaysia, and emphasized that most of Malaysian companies are keen to cooperate with Iran and to enter Iran’s market, and therefore a mechanism is needed to pave the way for them.
He then pointed to the 17th International Malaysia International Halal Showcase ( MIHAS) 2021 which will be hosted by Malaysia and urged Iranian enthusiasts to take part in this big trade event and called for colorful presence and participation of Iranian traders, and companies in the fields of halal food, Islamic investment and halal cosmetics and hygiene industries.