300m of FDI Absorbed From UAE
300m of FDI Absorbed From UAE
Head of Iran Trade Promotion Organization Alireza Payman Pak says during interactions in recent months Iran has attracted some $300m of foreign investment from the UAE which will come into effect in four or five months.

TEHRAN (Iran News) – Head of Iran Trade Promotion Organization Alireza Payman Pak says during interactions in recent months Iran has attracted some $300m of foreign investment from the UAE which will come into effect in four or five months.

Speaking in the meeting of the Dialogue Council of the Government and the Private Sector, Payman Pak said this year the country has increased its commercial attaches from five to ten, and regarding the next year’s budget, the organization is determined to increase the figure to 30 and one will be in the UAE.

He admitted that one commercial attaché alone is unable to create any surge in developing exports and the organization attaches special attention to the private sector. Therefore, the organization tries to set criteria and standards for the appointment of the efficientcommercial attaches and the established trade centers in the countries, he added.

He then pointed to his recent visit to the UAE to support trade and the economic activists, adding that during the visit he held talks for resolving the shipping transportation problems as well as the financial exchanges whose results will be announced soon.

He reiterated that in recent months due to the interactions the country has attracted some $300m of foreign investment from the UAE which will come into effect in five months.

Payman Pak said that the main issue regarding the appointment of the commercial attaché is the right choice, adding that the process for selecting has started and the organization will not accept any recommendation.

On the deployment of Iran’s commercial attaché in the UAE, he said that due to the special budget allocated, the organization can dispatch the commercial attaché to the UAE from the beginning of the next year but it is not in rush because it wants to have the right and efficiant person for the job.

In the beginning of the meeting, director of the secretariat of the council Mr. Mohsen Ameri pointed to the $15b trade volume of Iran and the UAE and said there are at least five problems in the realm of trade with the UAE and the organization is to have talks and interactions with government officials and activists in the private sector. He called for resolving the problems to ease the trade with the UAE.

Then Head of Iran-UAE Joint Chamber of Commerce Mr. Erfan Shakeri, for his part, said that the country needs a commercial attaché from the trade material who is dominant in the trade issues and aware of problems of the traders to help economic activists and producers and exporters to solve their problems.

He also urged the agriculture ministry to train farmers in order to improve the health and quality of the products for exports in order that the exported goods are not rejected and sent back to the country.

Shakeri announced readiness of the chamber for cooperation with exporters to the UAE and resolve their problems. He said farmers need to get familiar of how to use fertilizers as well as good packing for their exports.