Head of Iran Trade Promotion Organization Hamid Zadboum in the meeting pointed to old and historic relations as well as the positive trade approach of Iran and Austria and announced Iran’s all-out readiness for developing cooperation with different European countries, especially with Austria.

He then pointed to the foreign trade volume of Iran with different countries, and reviewed shares of European countries from Iran’s foreign trade with its 20 target export and import countries, and expressed hope Austria’s share would increase in the upcoming years after the removal of the coronavirus restrictions.

Zadboum then pointed to the achievements of Iran regarding the COVID-19 and effects of the pandemic on its economy, saying that despite problems of the pandemic on the world and Iran’s economy, these problems were intensified in Iran for providing the needs of the country in the field of health due to the sanctions and restrictions for the sake of the pandemic.

He then referred to the achievements of the country regarding the COVID-19 and the success of Iranian researchers in producing domestic COVID-19 vaccines.

Then Austrian Deputy Minister for Digital and Economic Affairs Florian Frauscher, for his part, pointed to the problems because of the pandemic, adding that economic pressure because of the virus caused economic regress in the GDP of Austria and it hit the hardest blow to Austria’s tourism industry.

Then he expressed interest in enhancing the level of trade relation with Iran, noting that the Austrian government has earmarked a 500-billion-euro stimulus package for helping the companies and labor market, expressing hope that Iran can have a considerable share of this basket.

Then Austrian Ambassador to Tehran Stefan Scholtz, for his part, expressed his interest in developing trade relation between Iran and Austria, noting that the embassy is trying to prepare a ground for the involvement of the interested Austrian companies in a business in Iran in order that it can help the trade between Iran and Austria grow more than ever after containing the pandemic.

Iran’s ambassador to Vienna Mr. Abbas Baqerpoor in the meeting expressed his satisfaction over the agreement of both countries for drawing up the Iran-Austria roadmap. He added that the agreement indicates the strong will of both countries for enhancing trade relation and expressed hope that the creation of the joint committee and six workgroups of it can be a base for developing bilateral trade,

He admitted that the unilateral U.S. cruel sanctions and restrictions because have affected Iran-Austria’s trade ties.

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Speaking in the National Export Day ceremony, Hamid Reza Zadboum said that the policy of the ministry of industry, mine, and trade is focused on two axes of the abundance of goods and easing forex commitments of exporters, adding that by new approval which will be announced next week, more details will be released on removing the forex commitments of exporters.

He went on to say that the first priority of exports of the country is the neighboring states as well as India and China and the second priority is the other Asian, African, and some Latin American states.

Zadboum reiterated that in terms of exporting goods, any commodity with higher value-added will be the priority in order to reduce the raw material sales, admitting that it is impossible to have an immediate halt to raw material sales and it should happen gradually.

He added that the other policy of the organization is to sign agreements with the domestic bodies and also free trade agreements with other countries, and talks on free trade with Pakistan are underway.

Zadboum also on Sunday night and in a TV program said that Iran can gain more share of imports of the neighboring states, adding that the value of imports of those countries is around $1200b and Iran can export $100b of goods to those states. He admitted that if Iran wants to increase its share of those countries’ imports, it requires to reinforce its export production.

He said the total volume of Iran’s exports is around $41b that $24b of it is to the neighboring states and in order to boost the figure, export production should be increased.

He added that according to the TPO studies, Pakistan has a good capacity for Iran’s exports and Iran can export $16b of goods out of its 100-billion-dollar export target set for the next year.

Zadboum admitted that programs for foreign trade are based on international agreements but Iran’s condition is different from other countries.

He also said the organization is to dispatch a trade delegation to Idlib of Syria.

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