Iran’s Free Trade With Venezuela on the Agenda
Iran’s Free Trade With Venezuela on the Agenda
Deputy Minister of Industry, Mine and Trade and Head of Iran Trade Promotion Organization says Iran eyes free trade with Venezuela and it is on the agenda of the country.

TEHRAN (Iran News) –Deputy Minister of Industry, Mine and Trade and Head of Iran Trade Promotion Organization says Iran eyes free trade with Venezuela and it is on the agenda of the country.

Speaking in a press conference held on the occasion of the anniversary of the victory of the Islamic Revolution, Alireza Peyman-Pak said that Iran has signed for trade with preferential tariff and free trade with EAEU, and this is the first trade agreement of Iran that 90% of the goods codes of the country are in the green line and the agreement has been finalized technically and it will come into effect from next summer.

He added that economic diplomacy is one of the top and important issues in the current government, adding that with using international capacities of the country, the outcome and statistics have been promising and effective. He went on to say that the country had $45.3b of non-oil exports in 10 months of the current year which shows 18% in terms of values and 3% in weight.

Peyman-Pak reiterated that the country posted the highest amount of non-oil export in 10 months, noting that it seems the non-oil exports would surpass $52b by the yearend in mid-March and this figure will be the highest in the history of the Islamic Republic of Iran.

He added that this achievement has been attained despite many problems like devaluation of the currency, elimination of preferential forex, energy, power cut, Russia-Ukraine war and decline in the price of metal products as well as recent riots and protests in the country which disrupted the exchange of trade delegations.

He said that five markets of China, Iraq, Turkey, the UAE and India were focused this year although African, Latin American and East Asian countries have suitable capacities.

Peyman-Park then pointed to the prioritized exhibitions, adding that auto parts exhibition in Russia was useful and also some exhibitions were held in Iran in different fields.

He then pointed t construction of export terminals and said that it takes time, adding that Iran looks for free trade with countries, adding that free trade with Venezuela is on the agenda.

Peyman-Pak further said that the organization is planning for preferential tariff agreement with Indonesia while it signed the preferential trade with Pakistan but was not active as it was waiting for removal of restrictions.