75254

Russia to Hold Food Expo in Tehran

Russia to Hold Food Expo in Tehran

A Russian food exhibition, organized by Russian Export Center, is scheduled to open in Tehran on Thursday in the presence of 30 leading Russian companies engaged in food industries.
The event will provide a platform for Russian and Iranian businessmen to become familiar with each others’ capabilities regarding production, supply, distribution networks and chain stores, IRNA reported, citing Iran-Russia Joint Chamber of Commerce’s website.
Food trade can give a major boost to commercial exchanges between the two countries.
Officials from Trade Promotion Organization of Iran, Iran Chamber of Commerce, Industries, Mines and Agriculture, and Iran-Russia Chamber of Commerce, along with domestic companies, will also attend the event.
Iran’s exports to Russia rose 26% in the last fiscal year (March 2016-17) compared to the year before to stand at $218 million, mainly because of the rising export of dairy products and raisins.
“Last year, we exported nearly $152 million worth of food products to Russia, indicating a 55% and 38% growth in tonnage and value respectively compared with the year before. Yet, Iran’s share in Russia’s $27 billion food market is still meager,” Kaveh Zargaran, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Agriculture, Water and Food Industries Commission has been quoted as saying.
Iran’s food exports to Russia are agricultural products, including dairy, livestock and horticultural products, canned food, pickles, jams, chocolates and biscuits.
Iran has been facing a huge trade deficit with Russia since 2015, before which bilateral trade stood at around $2 billion with Iran’s exports accounting for half of the sum.
Iran’s imports from Russia include wood, machinery, agro machinery spare parts, paper (reexported from Finland and Sweden), iron and reinforcement bars (reexported from Belarus) and sugar (reexported from Cuba).

 

Short URL : https://goo.gl/tLjm59
  1. https://goo.gl/KBgYNw
  • https://goo.gl/MQTxbr
  • https://goo.gl/oKMss1
  • https://goo.gl/Z3FskG
  • https://goo.gl/caYqfG

You can also read ...

Iran has specified the amount of prescription medicines...
Iran, Iraq Private Sector Officials Meet in Tehran
The chambers of commerce of Iran and Iraq surveyed ways of...
Finnish IT Company Renews Iran Contracts
A Finnish provider of telecom information technology solutions...
Tehran Market: Euro and USD Keep Climbing
Foreign exchange rates were again defiant and continued to...
Iran, UK Renew Trade Commitments
High-level trade representatives of Iran and the UK met on...
TEDPIX Crosses 170,000 Threshold
Major Iranian stock indexes vaulted to fresh records on...
Iran: SCI Reports Consumer Price Changes in Goods, Services Groups
The consumer price index of all 12 groups of goods and...
Iran Bans Tomato Exports Until Further Notice
The Ministry of Industries, Mining and Trade has banned the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus