In the meeting, Shafei said Ghana’s economy is considered as one of the advanced economic models among the African states and its economy is the biggest in Africa after Nigeria. He went on to say that the amount of economic growth of Ghana has been very considerable and this country attaches great importance to trade.

He noted that economic and political stability in Ghana is very excellent and this stability has created great attractions for cooperation. He stated economies of Iran and Ghana can be complementary, for example, Iran has great potentials for developmental and construction projects in Ghana while Ghana is important for Iran in the field of wood, rubber and paper.

Shafei went on to say that there are other grounds for bilateral cooperation like producing medicines, cement, tile, and textile and food industries. He reiterated that one of the major problems for trade between the two states is lack of enough information for the economic activists of the two countries from capacities of the two countries. He said in the current condition, setting up of the Iran-Ghana Joint Economic Commission can be very important and both countries should strive to launch this commission as soon as possible.

Shafei stated that the policy of new government in Iran is to pay great importance to economic relations between Iran and African states and one of the active chambers of commerce in Iran, Hamedan Province Chamber, has been selected as the assisting chamber which can have considerable effects on the economic relations.

He emphasized the ICCIMA supports developing economic ties with Ghana and expressed hope the esteemed Ambassador of Ghana would help this cooperation to continue. He concluded that Hamedan Chamber of Commerce has signed a MoU with Ghana’s Chamber of Commerce and expressed hope this MoU come into effect as soon as possible.

Then Owusu-Boateng, for his part, said that the political relation between Tehran and Accra is in the highest level and both countries have shown their supports in both some mutual interest fields and in multilateral issues.

He said Ghana has had exchange of high-ranking delegation with Iran but the challenge that the country is currently facing with is that it cannot turn this warm political relation into a warm economic one and both sides should remove hurdles in order to boost their economic relation.

He noted that both countries should engage their private sectors to resolve problems and it is possible through chambers of commerce. He added that the potentials of Ghana in the economic indexes is high and some of these indexes have encouraged the international businesses to enter the country and companies like Suzuki, Kia Motors and Hyundai have invested in Ghana. He reiterated that the existing security and peace in Ghana has caused Ghana to be chosen as the top destination for foreign investment and the private sector of Iran can also join the wagon.

Owusu-Boateng then said in those fields that both countries are keen to cooperate, there is the possibility for Iranians to launch production centers in Ghana. He said that Ghana can create a condition for Iranian goods exempted from tax in Ghana to be offered in the free zones of other African countries.

He also urged ICCIMA to hold an investment webinar wherein the members of chambers of the two countries would attend to explore challenges and find ways to resolve hurdles.

He expressed hope after the sanctions are removed, a direct shipping and a direct flight between the two countries would be launched.

The Ghanaian diplomat continued to say that Ghana’s Oil Company is ready to cooperate with Iran in the field of LPG and ready for investment.

The post Iran Can Launch Production Centers in Ghana appeared first on Iran News Daily.

In the meeting, Sadiqov and Shafei discussed different topics for improving economic relations between Iran and Uzbekistan. They also exchanged views on identification and resolving hurdles in way of trade and bilateral cooperation.

Sadiqov said Uzbekistan is interested in increasing trade with Iran in the next five years and expressed hope that the bilateral trade volume would touch $1b in the same period.

He also pointed to the considerable rise in investment of companies in Uzbekistan and explained the capacities for cooperation ahead of Iran and Uzbekistan. He then pointed to tourism, agriculture, mining, pharmaceutical, and technology as the important fields for bilateral cooperation and joint investment.

Sadiqov also said holding an international exhibition is one of the important tools for materializing the joint cooperation between Tehran and Tashkent, and also said establishing joint economic cooperation can be another option for strengthening bilateral cooperation.

He also pointed to the indexes for ease of doing business, emphasizing that these indexes have been improved in his country and Uzbekistan’s presence in the international communities is considered as an advantage that plays important role in developing its economic ties with countries like Iran.

Then Shafei, for his part, said that in the current condition Iranian economic activists are eager to develop their ties with their Uzbek counterparts, adding that agriculture, medicines, medical equipment, housing, vehicle, and transportation are the major fields for joint cooperation which should be noticed by economic activists of both countries.

He reiterated that establishing joint companies is the prerequisite to the development of joint cooperation between Iran and Uzbekistan in Eurasia. He also pointed to the establishment of the Joint Iran-Uzbekistan Economic Committee at the ICCIMA and highlighted the major performance of the committee since its launch and expressed hope the Joint Iran-Uzbekistan Joint Chamber of Commerce would be formed very soon.

Removing transportation problems, customs tariffs, issuing the technical and engineering services guarantee letters, and launching the arbitration panel were the other topics that were discussed between Shafei and Sadiqov, and Shafei called for operationalization of all of them through cooperation between Iran and Uzbekistan.

Sadiqov, leading an Uzbek delegation, arrived in Tehran on March 7, for talks with Iranian officials.

Presently, 272 companies are busy active in Uzbekistan with the investment of Iranians.

The value of trade exchanged between the two countries of Iran and Uzbekistan in the last eight months of 2020 hit $158 million.

It should be noted that the Islamic Republic of Iran recognized the independence of Uzbekistan on December 25, 1991, and political relations have been established between the two countries since May 10, 1992.

The post Uzbekistan Eyes Boosting Trade with Iran to $1b appeared first on Iran News Daily.

According to the reports, the webinar was held with an aim at developing cooperation and presenting the joint grounds for cooperation between Iran and Thailand. In the meeting, the participants expressed hope that after the end of the coronavirus and the end of restrictions resulted from the sanctions, the relation of both countries would return to the pre-coronavirus and pre-sanction eras. By the way, both sides underscored the significance of exchanging trade information in the current condition and called it a ground for setting up the Iran-Thailand Joint Chamber of Commerce or the joint commercial council.

In this regard, the Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mr. Gholamhossein Shafei called the launch of the joint commercial council as a starting point for bilateral economic relations between Iran and Thailand in the future.

He then noted that Tehran and Bangkok enjoy an old and good relation in comparison with other countries and fortunately this all-out relation has always been improving, reiterating both countries have enjoyed each other’s bilateral trade.

Shafei went on to say that the participation of the private sectors and ambassadors of both countries play a very constructive role in reinforcing the relations between Tehran and Bangkok. He added that the exchange of upgraded information is very important in developing relations and for this reason, the international affairs department of ICCIMA is ready for any cooperation with Thailand’s chamber of commerce.

He also pointed to the closeness of popular and social relation between the two nations, saying that this relation has an important role in developing economic relations and Iranian traders have played an effective role in this regard.

Shafei then referred to Thailand’s success in tourism and capacities of this country in the mining sector, added that the capacity for cooperation between Iran and Thailand is very diverse, and considered in terms of quantity, admitting that COVID-19 and sanctions have led to the decline in Iran-Thailand trade volume.

He said that oil, gas, fishery, auto industry, and tourism are the major fields for cooperation for joint investment, and emphasized that in tourism, balanced cooperation can provide a very better future and the relation should be reciprocal and two-way.

Shafei said Thailand has an effective role in Iran’s entering the ASEAN countries and due to Iran’s role in the region, developing multilateral relation should be put on the agenda.

He also pointed to the establishment of the joint companies in the ASEAN, Central Asia, and the Caucasus regions.

He added that during President Hassan Rouhani’s visit to Thailand, he has witnessed the signing of different agreements at different levels that chambers of commerce of both countries should do their best for accelerating the implementation of the agreements.

The post Tehran, Bangkok Urged to Pursue Implementation of Agreements appeared first on Iran News Daily.

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei made the remarks late on Saturday in a conference entitled “Youth Entrepreneurship, Work and Future” in Iran and said, “today, moving towards development and growth is not a choice for countries, rather, it is a definite requirement.”

With their proper planning, different countries in the world have stepped up their development and growth according to their own requirements, he said and called on responsible officials and organizations to take effective steps in this regard.

However, entrepreneurs play a leading role in realization of objectives of a society, so that the country enjoys high potentials and capabilities to take giant step in this field optimally, Shafei emphasized.

Chairman of ICCIMA Shafei once again called on concerned officials to pave suitable ways for entrepreneurs in order to materialize objectives in this field.

The post Iran’s entrepreneurship rank climbs 13 steps appeared first on Iran News Daily.