15941
Call for Boosting Trade With Singapore
Economy, Domestic Economy

Call for Boosting Trade With Singapore

Iran welcomes the idea of setting up a joint chamber of commerce with Singapore, which can help traders exchange information on the economic capacities of both sides, chairman of the Iranian chamber of commerce, mine, industry and agriculture, Gholam Hossein Shafeie said in a meeting with Singapore deputy foreign minister Albert Chau in Tehran last week.
“Singapore is not a big country, but economically it is one the most influential and effective members of Association of Southeast Asia Nation (ASEAN), which is why Iran wants to expand trade with Singapore” Shafeie said.
He also expressed hope that agreements on joint investment and removal of double taxation, which have already been signed between the two countries, will soon be implemented.
For his part, Chau criticized the western media for depicting a false image of Iran saying: “I and my accompanying team decided to visit Tehran to see the situation on the ground first hand.”
The deputy foreign minister also expressed hope that the ongoing nuclear talks between Tehran and the P5+1 (the US, Russia, China, Britain and France plus Germany) would yield results to ensure a better future for Iran.
As of 2011, trade between Iran and Singapore totaled $5.6 billion per annum. However, it fell to $2.1 billion by the end of 2012, mainly as a result of western sanctions on Iran’s banking system and oil industry.

Short URL : http://goo.gl/KfcblZ

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Iranian Ministry of Industries, Mining and Trade has released...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Int'l Plast Expo 2018 Opens in Tehran
The 12th International Iran Plast Exhibition opened at Tehran'...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Trending

Googleplus