Tehran-Seoul Trade Ties at Lowest Level

mahla — Sat, 01 Jan 2022 07:09:46 +0000

TEHRAN (Iran News) – Secretary of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi says the trade between Iran and South Korea is at its lowest level and Iran’s exports to South Korea have been around $54m in eight months in the current Iranian calendar year and the figure does not worth mentioning comparing to the previous billion-dollar trade volumes in the past.

Speaking to ILNA and touching upon the latest condition of trade between Iran and South Korea, Firouzi said that the current trade between the two states is at its lowest level and in the first eight months of this year Iran’s exports to South Korea have been around $54m and in return the country has imported goods worth of $350m from Korea but one should take into consideration that the current trade figure does not worth mentioning when their trade volume in the past has been over billions of dollars.

He then referred to imported and exported goods in the trade of the two states and said Iran’s imports from South Korea have been mostly goods related to medical, dentistry, pharmaceutical and hygienic fields and the country’s exports to Korea have been mostly minerals.

On the frozen assets of Iran in South Korean banks, he said the talks between the governments of the two countries are underway and the private sector is not involved in the talks and it just waits for the result of talks.

According to reports, the exports of Iran to South Korea in the first half of 2017 were over $2b while its imports were $1.51b.

The post Tehran-Seoul Trade Ties at Lowest Level appeared first on Iran News Daily.

Tehran-Seoul ties ‘optimistic’, Moon Jae-in hopes

reporter 1222 — Sat, 09 Nov 2019 06:01:38 +0000

TEHRAN (Iran News) – South Korean President Moon Jae-in said Seoul is trying to restore its relations with Iran to its peak, stressing optimism about the prospects of Tehran-Seoul ties.

The South Korean president made the remarks on Thursday in a meeting with the Managing Director of the Islamic Republic News Agency, Seyyed Zia Hashemi who has traveled to South Korea to attend a meeting of the Organization of Asia-Pacific News Agencies (OANA), IRNA reported.

Economic relations between the two countries recently took a hit in the wake of the United States’ mounting pressure on its allies to diminish relations with Iran.

South Korea, as a party of Tehran-Seoul ties, is one of Iran’s biggest economic partners in Asia.

During the meeting, the Iranian news agency chief told the South Korean leader that economic, political, and cultural relations between the two countries flourished after he came to power in the East Asia country. But Donald Trump’s assumption of the US presidency affected the relations between Iran and South Korea.

In 2018, the US president pulled his country out of the 2015 Iran nuclear agreement and stepped up sanctions on the Islamic Republic as part of his “maximum pressure” campaign aimed at forcing Tehran to renegotiate a deal that addresses its ballistic missile program and regional influence as well.

On Friday, OANA members voted in favor of the Iranian news agency presidency for the organization’s next term. Official South Korean news agency Yonhap will chair the organization until the next term.

Addressing the OANA meeting, which started on Wednesday, the Iranian news agency chief said the Iranian news agency has always strived to help promote OANA’s goals.

The post Tehran-Seoul ties ‘optimistic’, Moon Jae-in hopes appeared first on Iran News Daily.

Tehran-Seoul ties Archives - Iran News Daily

Tehran-Seoul Trade Ties at Lowest Level

Tehran-Seoul ties ‘optimistic’, Moon Jae-in hopes