In the meeting, Deing pointed to the lack of pharmaceutical industries in his country, adding that Senegal like other countries have special directives in the field of medicines and medical services, and Iranian investors can easily with observing the regulations export their products to this country.

Deing who was leading a trade delegation from Senegal to Alborz Province also hailed the meeting which provides opportunity for economic activists to exchange views and to get acquainted with potentials of Iran and Senegal.

He noted that currently lack of knowledge and acquaintance about potentials of the two countries is the main hurdle for boosting bilateral trade ties and reiterated that the visit helped the Senegalese delegation to know potentials of Alborz Province.

He went on to say that Senegal is currently developing and there are infinite opportunities in all fields in Senegal, and Iran can have important role in Senegal for its development.

Deing stated that Senegal can be a good market for Iranian products because currently most of products are imported in his country, for example, it imports 250,000 tons of rice annually and it has other requirements like fruits and foodstuff. He added that Senegal is famous for its mango production and Iran can take advantage of it through its processing technology.

He reiterated that the Senegalese government fully supports foreign investment and it is the general policy of the country, adding that Senegal is a very safe and peaceful country and people can start economic activities in Senegal without restrictions after registering their companies.

He said when it is spoken about Senegal market, it is not just its 17m population but due to the country’s membership in the West African Economic Bloc like Nigeria, Ivory Coast, Ghana or Mali, it is a 300m-people market.

Deing added that the opportunity is ready for trade exchange between economic activists of the two countries and it will happen through knowing each other.

He stated the Senegalese delegation is representatives of 120,000 member companies of the West Africa Economic Bloc and his embassy is ready for any cooperation in any fields like easing the visa process for Iranian traders.

Meanwhile in the meeting, Head of Karaj Chamber of Commerce Mr. Parham Rezaee said that Alborz Province is one of the leading provinces of the country in terms of industry and production, adding that some 4,000 production and industrial units are active in Alborz and the province is strong in medicine and food industries, textile and agro, auto parts, plastic industries and chemical products.

Rezaee went on to say that some 92% of Senegalese are Muslims and it can help Iranian products to be welcomed in Senegal.  He stated that there are some important problems on way to trade between Iran and Senegal and expressed hope that they would be resolved by governments of the two states for having an acceptable trade balance.

He went on to say that one of the important problems is easing the transportation that by easing it, the trade and export between Iran and Senegal will boost and according to Mr. Deing, an Iranian airliner is to launch direct flight between Tehran and Dakar.

The post Senegal Welcomes Iranians’ Investments appeared first on Iran News Daily.

IRAN NEWS ECONOMIC DESK

TEHRAN – Deputy Industry, Mine and Trade Minister says the decline in investment in production sector and productivity of capital is the major concern in the industry and mine sector.

Speaking in a videoconference with his deputies in provinces, Mr. Saeed Zarandi said the decline in investment and lack of major mega industrial projects can create problems for the country in the future and the country should direct capitals towards production in the provinces.

He noted that productivity of capital is the major concern of the ministry, adding that there are several unfinished projects in the country where billions of tomans have been invested and all should work to complete them.

He emphasized there is no reason why an investor should start activity from scratch while there are several unfinished projects in the country.

Zarandi added that provincial organizations should guide new investors towards the unfinished and shelved projects.

He said in the current year, the ministry is determined to encourage production units to step into capital market and to issue bonds and other tools for boosting production.

The post Concerns Over Decline in Investments appeared first on Iran News Daily.