Speaking to ILNA, Hossein Abbasnejad said that before recent agreement between Tehran and Riyadh, the volume of trade exchanges between the two countries was limited and insignificant and Iran’s goods were sent to Saudi Arabia via the UAE and currently the trade volume with Saudi Arabia is not significant but in case economic activists demand the launch of direct line between Iran and Saudi Arabia to reduce the cost of export to Saudi Arabia, the organization is ready to take action.

He said that in case demand for the launch of the line and the trade volume with any destination increases, the department can launch direct line to that destination.

He reiterated that the launch of line depends on the rise in the trade volume which is pursued by the related bodies.

On the possible launch of the shipping line in the near future, he said that the department as the custodian of maritime affairs is ready for restoring shipping line with countries and it can launch whenever the condition is ready.

He once again reiterated that there is no technical problem for the launch of the line and it depends on the demands.

Abbasnejad further said that in the past, there was direct shipping line between Iran and Saudi Arabia for transporting goods and it will not be the first time if the direct line is launched in the future. He admitted the amount of trade exchange with Saudi Arabia is not as much a with the UAe for witnessing plies of vessels between Iran and Saudi Arabia.

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In the meeting, Zhaeleh called for the launch of direct shipping line between Iran and Bangladesh and said it will definitely ease the bilateral trade.

He then referred to the necessity of increase in trade ties between East Azarbaijan Province of Iran with Bangladesh, adding that the trade volume between the two countries is currently low and it needs all-out cooperation to see the rise in trade volume between the two states.

Zhaeleh also said besides rise in bilateral trade, the issue of cooperation in production is very important, noting that Tabriz has high potentials in different industries that he can mention some like steel, handicrafts, dried fruits, shoes and leather, textile, food industries, candies and chocolate and other advanced industries.

He pointed to the existence of petrochemicals plant in Tabriz, stating that this plant can meet Bangladesh’s petrochemical needs. He added that joint investment in the field of textile and leather can be taken into the consideration between the two countries.

Zhaeleh also called for exchange of trade delegations and bilateral trade meetings and said that Bangladesh can announce its needs for investment and in return in Tabriz economic activists can announce their requirements.

He also called for creating better transportation routes for restoring trade communication, noting that direct shipping line between Iran and Bangladesh can reduce the cost of transportation of goods and ease the communication grounds between the two states.

Then Bangladesh Ambassador Mr. Sarker, for his part, pointed to the necessary capacities for joint production between the two states, noting that there is possibility for production in Bangladesh and re-export and due to the zero tariff rate in Bangladesh for exporting goods to Europe, this country can be an advantage for export to Europe.

Sarker then pointed to the special potentials of Bangladesh and said Bangladesh has very good lands for cultivation and it is suitable for any kind of cultivation because it has enough land and water for cultivation. He noted that one of the most important advantages for investment in Bangladesh is low wage and high quality of production.

The Bangladesh diplomat went to say that carpet of Tabriz is famous in Bangladesh and called for boosting cooperation between East Azarbaijan with Bangladesh.

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