Joint Investment Best Way for Boosting Iran-Belarus Trade
Joint Investment Best Way for Boosting Iran-Belarus Trade
Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Iran Mr. Dmitry Koltsov met Head of Tabriz Chamber of Commerce Mr. Younis Jaaleh and during the meeting both sides explored ways for boosting bilateral trade.

TEHRAN (Iran News) – Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Iran Mr. Dmitry Koltsov met Head of Tabriz Chamber of Commerce Mr. Younis Jaaleh and during the meeting both sides explored ways for boosting bilateral trade.

In the meeting, Jaaleh emphasized the necessity for creating the grounds for cooperation for boosting bilateral trade between Iran and Belarus, adding that East Azarbaijan enjoys this capability for providing some of goods that Belarus imports and in return some of the industrial needs of the province can be provided by Belarus.

He then said East Azarbaijan is the industrial and agriculture hub of the country, adding that Belarus enjoys having strong industries like textile and dairy, and this province is customer of some of Belarussian raw materials for production. He then pointed to exports of some of energy intensive goods to Belarus and this province is ready for investment in case it finds attractive fields for investment in Belarus.

Jaaleh also announced readiness for joint production of heavy vehicles and all of its related industries as Belarus has good experiences in this field. He said both sides have their own capacities and in case the ground is provided by the embassy and a change in the approach of Belarus towards the overseas markets, both countries can make most out of this capacity.

He also called for establishment of joint companies for expansion of cooperation, noting that currently Iran can export granules from its petrochemical plants to Belarus. He also emphasized finding ways for boosting bilateral trade between Iran and Belarus, stating that East Azarbaijan can meet some required goods of Belarus like exporting dried-fruits and therefore both sides should take essential steps for boosting trade relations with operational programs.

Then Belarussian Ambassador Koltsov, for his part, expressed his satisfaction over presence at the Tabriz Chamber of Commerce and said that despite high capacities, the trade volume between the two states is unfortunately low and expressed hope the two countries would expand their tie in this field like other fields.

Koltsov also referred to the capacity of Tejarat Bank of Iran and said that there is possibility to take advantage of UAE and Turkey’s banks for transfer of money but at first the goods and mechanisms of trade should be determined.

He added that machine manufacturing as well as chocolate producing companies exist in Belarus and this country has high potential in producing milk powder. He went on to say that in the Soviet Union era, Belarus was known as production workshop and after its collapse, this title and development of national industries has been saved by Belarus.

Koltsov then pointed to the presence of Belarussian heavy vehicles in Iran’s roads and some of the after-sale office in Tehran, noting that technical equipment with high technology is produced in Belarus and it is possible to be exported to Iran.

At the end of the meeting, the diplomat pointed to problems relating to the barter as well as to the webinar which was held in July between the Tehran Chamber of Commerce and the Mogilev Chamber of Commerce and invited the Tabriz Chamber of Commerce for sending a trade delegation to Minsk.