agriculture cooperation Archives - Iran News Daily

Iran, Sri Lanka to increase tea trade

reporter 1222 — Sun, 14 Jul 2019 11:11:46 +0000

According to Sri Lankan daily, Sunday Times, two weeks ago, a discussion was held at the East Asian country’s Foreign Ministry over increasing tea exports to Iran.

Sri Lankan tea exporters are currently facing a crisis since not only have the prices of tea dropped but the industry is unable to export to some of its key markets due to trade sanctions imposed on dollar transactions with Iran by the US.

During the meeting, the foreign ministry officials had discussed how to resolve the issue pertaining to the sale of Ceylon Tea to Iran due to the current US sanctions imposed on Iran as a result of which banks refuse to engage in dollar transactions with Iranian banks.

“As a result, now we are looking at settling this through the loans from the Ceylon Petroleum Corporation (CPC) amounting to US$200 million,” the ministry secretary said.

At the moment the officials were working out the mechanism to be adopted to settle this without any transactions, he said.

Ranjith explained that if this would be adopted they could sell tea to Iran for the next two years under this arrangement. The rate at which tea could be bought would be based on the market realities, he said.

As part of the transaction the CPC has agreed to pay the tea exporters some of the money directly thereby avoiding any financial transaction between the two countries in the sale of tea, the ministry secretary stated.

In the meantime, Iranian officials were also engaged in discussions to work out a mechanism on how the deal can go through and in this respect negotiations were still underway.

In 2018, Sri Lanka sold 23,914 metric tonnes (MT) of tea to Iran and in the previous year it was much higher at 27,418 MT. Iran is among the top five markets that purchases teas from Sri Lanka. The other key markets are Iraq, Turkey and Russia.

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EAEU ready to continue trade coop. with Iran: EEC minister

reporter 1222 — Sat, 16 Feb 2019 09:01:59 +0000

The Eurasian Economic Commission (EEC) minister for trade, Veronika Nikishina, said the EAEU member countries are ready to continue talks with Iran to develop trade and economic cooperation.

She made the remark during the signing ceremony of a trilateral memorandum of understanding on wheat trade between Russia, Kazakhstan and Iran.

The signing ceremony took place on February 12 in Moscow, and was attended by Russian, Kazakh and Iranian deputy ministries of agriculture, as well as a member of the board (minister) for trade of the Eurasian Economic Commission (EEC), Veronika Nikishina.

The EEC minister for trade said the memorandum could become a first step toward the revival of full-fledged supply chains of high-quality wheat to both regional and Iranian markets.

“We need to consider this event in the context of preparations for the entry into force of the interim agreement signed in May 2018. The agreement has already been ratified by the Republic of Belarus, the Kyrgyz Republic and the Russian Federation. We are convinced of the promise of cooperation with Iranian partners and are ready to continue the dialogue in various areas of trade and economic cooperation, and therefore we look forward to the completion of the procedures for ratification of the agreement by both the EAEU member countries and Iran,” Nikishina was quoted by The Qazaq Times as saying.

In a statement released by the EEC after the signing ceremony, it was noted that “the agreement on the signing of the memorandum became one of the results of negotiations on an interim agreement leading to the formation of a free trade zone between the Eurasian Economic Union (EAEU) and Iran.”

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EAEU ready to continue trade coop. with Iran: EEC minister

reporter 1222 — Wed, 13 Feb 2019 10:44:57 +0000

The Eurasian Economic Commission (EEC) minister for trade, Veronika Nikishina, said the EAEU member countries are ready to continue talks with Iran to develop trade and economic cooperation.

She made the remark during the signing ceremony of a trilateral memorandum of understanding on wheat trade between Russia, Kazakhstan and Iran.

The EEC minister for trade said the memorandum could become a first step toward the revival of full-fledged supply chains of high-quality wheat to both regional and Iranian markets.

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Uganda eyes increased agricultural coop. with Iran

reporter 1222 — Sat, 27 Oct 2018 13:45:50 +0000

Vincent B. Ssempijja, Uganda’s Minister of Agriculture, Animal Industries and Fisheries, called for increasing cooperation with Iranian companies in different fields of agriculture.

In a Friday meeting with Iranian ambassador to Uganda Seyed Morteza Mortazavi, Ssempijja said that his country enjoys fertile soil, abundant water resources, and low-cost workforce, adding that Iranian companies can cooperate with Ugandan firms in different areas including mechanized agriculture, construction of new irrigation systems, establishment of modern livestock centers, construction of agricultural processing factories, and marketing and exporting of agricultural products.

Mortazavi, for his part, touched upon the capabilities of Iranian companies and called for the adoption of measures which would facilitate the presence of companies in Uganda.

He also passed on the message of Iranian Agriculture Minister Mahmoud Hojjati to the Ugandan minister, inviting him to visit Iran and get acquainted with achievements of Iranian knowledge-based firms in the field of agriculture.

Ssempijja accepted the invitation, saying that he is eager to see Iranian companies’ achievements.

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Iran, Turkey draw roadmap for agriculture cooperation

reporter 1222 — Sat, 06 Oct 2018 09:30:39 +0000

Iranian ministry of agriculture and Turkey’s ministry of agriculture and forestry inked three memorandums of understanding (MOUs) on Wednesday for cooperation in various fields, IRNA reported.

Covering different areas including veterinary, beekeeping and forestry, the agreements were signed during the seventh meeting of the Strategic Committee for Agricultural Cooperation between the two countries in Tehran.

Iran’s Agriculture Minister Mahmoud Hojjati and his Turkish counterpart Bekir Pakdemirli were also present in the meeting.

Speaking in the meeting, Hojjati noted that [with this agreements] “the roadmap for agricultural cooperation between the two countries has been drawn” and the two sides can collaborate in various areas including controlling livestock diseases such as foot-and-mouth disease and avian influenza.

The Iranian official also expressed his ministry’s interest in preferential trade with the Turkish side.

Hojjati also called for further cooperation with Turkey on the production, marketing and sale of medicinal herbs and the development of forests.

According to Iran’s embassy in Turkey, the two countries’ trade in the first half of 2018 was near $5.2 billion of which $3.8 billion was related to Iran’s exports to Turkey and $1.4 billion was the share of Turkey’s exports to Iran.

The two countries have it on agenda to increase the level of mutual trade to $30 billion in the near future.

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