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.

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In this webinar, the most important capacities ahead of both countries especially in the fields of mining, industry, agriculture, and technical and engineering services were reviewed.

Addressing the webinar, the head of international affairs of ICCIMA Mr. Mohammad Reza Karbasi explained the most important economic capacities of Iran and Indonesia, saying that Indonesia is one of the biggest and most populous Islamic countries which has one of the biggest economies in East Asia and most of the active population of this country is busy in the agriculture sector and in the small and medium-sized enterprises.

He emphasized the significance of Indonesia in the ASEAN region and called the country a gateway for the arrival of Iranian goods to the countries of the ASEAN region, and emphasized multilateral cooperation with this country due to its strategic position in the continent.

Karbasi noted that talks with Indonesian officials bespeak the fact that Indonesians are very keen Iran to import palm oil from Indonesia, adding that in this regards a mechanism for launching a barter trade is on the agenda.

He went on to say that rice, cocoa, palm oil, and coconut are major opportunities for cooperation between both states in the agro sector, noting that Indonesia can be a good market for Iran’s export of its dates.

Karbasi also said both countries have grown considerably in the industry sector, and they can take important actions in the mine discovery especially that both countries are eager to expand bilateral ties and the governments of both states are strongly determined to develop the ties.

On the low trade volume between Iran and Indonesia, he said in some period of time their trade volume has hit $2b and in 2007 and 2008 their trade volume grew considerably and their direct trade volume was around $916m while in that time a considerable amount of their goods were traded via the Persian Gulf countries.

He then pointed to the bilateral agreements between both states, saying that both countries were to sign preferential agreements to ease their trade but until now nothing has happened, reiterating that signing and implementing the preferential agreements is important for developing trade ties.

Karbasi also stated that once there was a direct shipping line between the two countries which reduced considerably the cost of trade but currently this line is limited and economic activists are obliged to use the ports of other countries, and for this reason, the cost of trade has increased highly.

He also called for the launch of direct flights between Tehran and Jakarta as well as diversifying the exporting goods to Indonesia and claimed other solutions for improving the bilateral trade.

Then the head of Iran-Indonesia Joint Commercial Committee Mr. Yadollah Tahernejad, for his part, explained the opportunities for entering Indonesia’s market in different fields.

He pointed to some fields that the private sector of Iran can have an active presence in Indonesia.

In the webinar, the participants also reiterated that holding virtual exhibitions in the current condition can be a good solution for making the private sector of Indonesia with Iran’s capabilities in the technical and engineering sector.

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According to the reports, the webinar will be hosted by ICCIMA where the head of Iran-Kazakhstan Joint Chamber of Commerce Mr. Amir Abedi, and representatives of provincial chambers are to attend.

The webinar is to review the latest opportunities and challenges as well as obstacles in way of the private sector for cooperation with Kazakhstan and it will also review the latest economic and trade developments in this Central Asian country.

The participants are to exchange views for easing the arrival of Iranian companies in the Kazakhstan market.

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