Economy, Domestic Economy

Aussie Trade Mission Due in Iran

Aussie Trade Mission Due  in IranAussie Trade Mission Due  in Iran

The Australian Trade Commission, aka Austrade, plans to send a trade delegation to Iran next year to increase bilateral trade, says Australia’s Ambassador to Iran Paul Foley. Austrade, a state-run organization affiliated with Australia’s Ministry of Trade and Investment, helps Australian companies grow their businesses in international markets. “Australian businesses are eager to make a comeback to Iran, even though bilateral ties have considerably fluctuated in the past few years,” Foley was quoted as saying by IRNA in a meeting with the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, last week. Annual trade between Iran and Australia has fallen from $1 billion to $360 million in recent years. According to Foley, Australia is eager to cooperate with Iranian industries in the mining, agricultural, education, oil and gas sectors.